746 S Los Angeles Street 403, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath

746 S Los Angeles Street 403, Los Angeles, California 90014 home-pic-0
ACTIVE$374,900
746 S Los Angeles Street 403, Los Angeles, California 90014
1Bed
1Bath
782Sqft
38,319Lot
Year Built
1922
Close
-
List price
$375K
Original List price
$375K
Price/Sqft
$479
HOA
$903.73
Days on market
-
Sold On
-
MLS number
25610501
Home ConditionGood
Features
Good View: None
Pool
Spa
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $374.9K(22th), sqft - 782(44th), beds - 1(50th), baths - 1(50th).

Own a piece of Los Angeles history and enjoy substantial annual savings. Under the coveted Mills Act, homeowners in this historic building receive approximately 60-70% off annual property taxes, freeing up funds each year for other homeownership goals. Set within the historic Cornell Building in DTLA's vibrant Santee Village and Fashion District, this sophisticated 1-bedroom, 1-bathroom industrial loft blends timeless architectural character with modern comfort. Wall-to-wall windows and an expansive open floor plan create an inviting space. The massive kitchen island is perfect for cooking, entertaining, or working from home, while the in-unit washer and dryer add everyday convenience. Enjoy resort-style amenities including a rooftop pool, three spas, basketball court, putting green, BBQ area, luxury fitness center, and even a street-level convenience market. The building also features 24-hour live security, secure code/fob access, and gated assigned parking in the secured Maple Avenue Garage with a convenient shuttle service to the front of the building included in the HOA fee. A 6' x 9' storage unit is available to rent for additional space (dependent on availability). Perfectly positioned near DTLA's best restaurants, bars, boutiques, and entertainment venues, this home offers a rare combination of historic charm, luxury amenities, and unbeatable value. The building is Fannie Mae and VA approved! The HOA covers water, gas, sewer, trash, parking, and 24-hour security. Short term rentals allowed! A truly unique opportunity to own in one of Downtown LA's most celebrated Mills Act buildings where architectural history meets modern, resort-style living.

Nearby schools

5/10
Ninth Street School
Public,K-50.5mi
4/10
John Adams Middle School
Public,6-81.8mi
5/10
Santee Education Complex
Public,9-121.1mi
3/10
Nava College Preparatory Academy
Public,9-122.2mi

Price History

Date
Event
Price
10/31/25
Listing
$374,900
09/19/11
Sold
$150,000
Condition Rating
Good

Despite the building's 1922 construction, this industrial loft unit has been extensively renovated to a modern standard. The kitchen features contemporary flat-panel cabinetry, stainless steel appliances (gas range, microwave, dishwasher), and a large island, all appearing well-maintained and stylish. The bathroom is also updated with a modern vanity, dark countertop, and clean white tiling with a tub/shower combo. The concrete flooring throughout is a deliberate design choice for the industrial aesthetic and is in good condition. While the description notes a 'potential lack of dedicated cooling system' as a weakness, the visible interior elements are move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Significant Property Tax Savings: Under the Mills Act, homeowners receive approximately 60-70% off annual property taxes, offering substantial financial benefits.
Exceptional Resort-Style Amenities: The building boasts a wide array of luxury amenities including a rooftop pool, three spas, basketball court, putting green, BBQ area, and a high-end fitness center.
Prime DTLA Location & Lifestyle: Situated in the vibrant Santee Village and Fashion District, offering immediate access to DTLA's best restaurants, bars, boutiques, and entertainment.
Investment & Income Potential: The property is Fannie Mae and VA approved, broadening the buyer pool, and allows short-term rentals, providing potential for rental income.
Historic Charm & Modern Loft Design: A unique industrial loft blending timeless architectural character of the historic Cornell Building with modern open-plan living, wall-to-wall windows, and a massive kitchen island.

Cons

High Monthly HOA Fees: The association fee of $903.73 per month is substantial, which could be a significant ongoing cost for owners, despite its comprehensive inclusions.
Off-Site Parking Arrangement: While secure and assigned, parking is located in a separate garage (Maple Avenue Garage) with a shuttle service, which may be less convenient than direct on-site parking.
Potential Lack of Dedicated Cooling System: The description does not explicitly mention a cooling system, which could be a comfort concern during Los Angeles's hot summer months, especially in an industrial loft setting.

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