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849 S Broadway 705, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath

849 S Broadway 705, Los Angeles, California 90014 home-pic-0
ACTIVE$629,000
849 S Broadway 705, Los Angeles, California 90014
1Bed
1Bath
890Sqft
22,851Lot
Year Built
1930
Close
-
List price
$629K
Original List price
$629K
Price/Sqft
$707
HOA
$1,279.37
Days on market
-
Sold On
-
MLS number
25499682
Home ConditionFair
Features
Excellent View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $629.0K(67th), sqft - 890(67th), beds - 1(50th), baths - 1(50th).

PROPERTY WAS LEASED. Charming loft at the iconic Eastern Columbia building. The stunning Art Deco building designed by Claud Beelman is a recent winner of the 2025 LA Conservancy Award and the 2025 Preservation Design Award from the California Preservation Foundation. The building currently benefits from the coveted historic Mills Act contract that offers property owners up to 70% off property taxes. This 890sf LIVE/WORK loft with south facing views gets an abundance of natural light through massive vintage windows. The loft features a custom built-in storage wall that creates a separated bedroom area. The loft features tall ceilings, wood floors, and upgraded marble kitchen counters. There is a large closet near the bathroom with built-in W/D hookups ready to go. The spacious bathroom features a soaking tub and update vanity and custom stone floors. 1 assigned parking space is included with the unit. HOA Dues include parking, water, trash, gas. The building has recently undergone a stunning Art Deco tile restoration of the exterior, making this historic landmark more dazzling than ever. The Eastern Columbia has a beautiful rooftop pool, sun deck, spa, and fitness center with breathtaking views of DTLA, designer lobby with a 24/7 reception desk and security, courtyard, dog area, additional laundry facilities and attached parking garage. Within blocks to everything including Whole Foods, Fashion District, Orpheum, Proper and Hoxton hotels, Metro, The Broad, IL Caffe, Cliftons, Cabra, Caldo Verde, Zinque, Walt Disney Concert Hall, The Bloc, Fashion District, City Market South, Grand Central Market, and more. Property also listed for lease.

Nearby schools

5/10
Ninth Street School
Public,•K-5•0.7mi
3/10
John H. Liechty Middle School
Public,•6-8•1.2mi
3/10
Belmont Senior High School
Public,•9-12•1.3mi

Price History

Date
Event
Price
11/19/10
Sold
$265,000
03/16/07
Sold
$507,000
Condition Rating
Fair
Built in 1930, this property is an older building. While the description mentions 'upgraded marble kitchen counters' and an 'update vanity and custom stone floors' in the bathroom, suggesting some renovations, the specific age and style of these updates are not detailed, and no interior images are provided for visual assessment. A significant drawback is the 'Lack of Central Air Conditioning,' which indicates an outdated major system and a comfort concern. The property appears to be maintained with occasional updates, but the absence of modern climate control and the ambiguity of renovation timelines for key areas place it in the 'Fair' category, suggesting it may require further updates to fully meet contemporary standards.
Pros & Cons

Pros

Historic Significance & Mills Act Tax Savings: The property is located in the iconic, award-winning Eastern Columbia Art Deco building, which benefits from a Mills Act contract offering up to 70% off property taxes, providing significant financial savings and historical prestige.
Premium DTLA Location & Walkability: Situated in a vibrant downtown location, the property offers unparalleled walkability to major cultural institutions, dining, entertainment, retail (including Whole Foods), and public transit, enhancing lifestyle and convenience.
Luxury Building Amenities: Residents enjoy a comprehensive suite of high-end amenities, including a rooftop pool, sun deck, spa, fitness center with breathtaking DTLA views, a designer lobby with 24/7 reception and security, a courtyard, and a dog area.
Well-Appointed Loft Interior: The 890 sqft loft features tall ceilings, wood floors, upgraded marble kitchen counters, a custom built-in storage wall, a spacious bathroom with a soaking tub, and abundant natural light from massive vintage windows.
Included Assigned Parking: The inclusion of one assigned parking space is a significant advantage and convenience in a dense urban environment like Downtown Los Angeles, where parking can be scarce and costly.

Cons

High Monthly HOA Dues: The association fee of $1279.37 per month is substantial for an 890 sqft unit, which will significantly impact the overall monthly housing costs and affordability for potential buyers.
Open Loft Layout: While a custom built-in storage wall creates a 'separated bedroom area,' the open loft concept may not appeal to all buyers who prefer a traditional, fully enclosed bedroom for privacy and distinct living spaces.
Lack of Central Air Conditioning: As a historic building from 1930, the property description does not mention a central cooling system, which could be a comfort concern during Los Angeles's warmer months and may require individual unit solutions.

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