814 S Spring Street 5, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath

814 S Spring Street 5, Los Angeles, California 90014 home-pic-0
ACTIVE$1,150,000
814 S Spring Street 5, Los Angeles, California 90014
1Bed
1Bath
1,820Sqft
2,064Lot
Year Built
1914
Close
-
List price
$1.15M
Original List price
$1.05M
Price/Sqft
$632
HOA
$1,500
Days on market
-
Sold On
-
MLS number
25485549
Home ConditionGood
Features
Good View: City Lights, Mountain(s)
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.15M(89th), sqft - 1820(78th), beds - 1(50th), baths - 1(50th).

Seize this rare opportunity to own an entire floor in the exclusive Tomahawk Lofts, a historic gem nestled in the heart of Downtown L.A.'s vibrant Fashion District. Spanning an expansive 1,820 square feet, this exceptional loft is the ultimate live/work space, designed to inspire creativity. The Tomahawk is unique in so many ways, from the private keyed elevator that opens directly into the residence, ensuring both privacy and convenience to having street to street frontage as the loft stretches from Spring St. to Main St., offering captivating easterly and westerly views through oversized windows that flood the space with natural light and provide excellent cross-ventilation. The flexible open floor plan invites endless customization possibilities, and the high-end Bulthaup kitchen, equipped with Miele appliances, is fit for a chef. Additional features include a new central HVAC system, an in-unit washer and dryer, 11-foot exposed concrete slab and beam ceilings, custom built-in bookcases, and ample storage. The Tomahawk Lofts, a boutique 8-story structure built in 1914, was one of the pioneers of modern architecture and played a pivotal role in the Flat Iron Park building boom at the intersection of Spring and Main streets. As a designated Los Angeles Historic-Cultural Monument, the building is MILLS ACT approved, offering substantial property tax savings. Fully renovated in 2004, the building's plumbing, wiring, and modern safety systems are up to date and meet current building and seismic standards. Secured garage parking is conveniently located adjacent to the building. Located in the heart of the Fashion District, the Tomahawk is steps away from high-end designer boutiques, top-rated restaurants, Whole Foods, the Apple Store, the Flower Market, LA Live, and the best DTLA has to offer. With walking distance to the Arts District, Little Tokyo, and South Park, easy access to freeways and public transportation, this SoHo-style loft is truly one-of-a-kind and an irreplaceable piece of L.A. history.

Condition Rating
Good

While the building was constructed in 1914 and extensively renovated in 2004 (20 years ago), the unit itself boasts significant modern upgrades. It features a high-end Bulthaup kitchen equipped with Miele appliances, which appears contemporary and in excellent condition in the images. The description also highlights a 'new central HVAC system,' indicating recent and crucial system updates. The concrete flooring is well-maintained and suits the loft aesthetic. The bathroom is clean and functional, though not as luxurious as the kitchen. Overall, the property is move-in ready with key modern features, aligning with the 'Good' condition criteria for a well-maintained property with recent significant updates to major components.
Pros & Cons

Pros

Historic Designation & Tax Savings: Designated a Los Angeles Historic-Cultural Monument and MILLS ACT approved, offering substantial property tax savings.
Exclusive Full-Floor Loft: Rare opportunity to own an entire floor with a private keyed elevator opening directly into the residence, ensuring privacy and exclusivity.
Prime Downtown LA Location: Nestled in the heart of the vibrant Fashion District, steps away from high-end boutiques, top-rated restaurants, Whole Foods, and cultural attractions.
High-End Modern Finishes: Features a Bulthaup kitchen with Miele appliances, new central HVAC, in-unit washer/dryer, and 11-foot exposed concrete slab ceilings.
Expansive & Flexible Live/Work Space: Spanning 1,820 square feet with street-to-street frontage and an open floor plan, ideal for creative live/work arrangements and customization.

Cons

High Monthly Association Fee: The $1,500 monthly association fee is a significant ongoing cost that may impact affordability.
Limited Bedroom/Bathroom Count: With 1 bedroom and 1 bathroom for 1,820 square feet, the property may not suit buyers requiring multiple private rooms or more traditional layouts.
Urban Environment Challenges: Despite its prime location, the dense downtown setting may present challenges such as noise, traffic, and limited private outdoor space for some buyers.

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