460 South Spring, 1008, Los Angeles, CA 90013
460 South Spring, 1008, Los Angeles, CA 90013
Property Description
FINAL PRICE REDUCTION + SELLER-PROVIDED HOA FEES! Seller has reduced the price by an additional $20,000 and will pay the buyer’s first year of HOA fees—making this one of the most compelling opportunities currently available in DTLA. Don’t miss this exceptional 10th-floor loft in the iconic Rowan Building, a designated Mills Act property offering potential property tax savings of up to 70% annually. Bright, peaceful, and filled with authentic character, this true LIVE/WORK residence features soaring 10-foot ceilings, distinctive arched architectural details, exposed brick, and an entire wall of oversized industrial windows that flood the space with natural light throughout the day. The open, flexible floor plan is thoughtfully designed for both living and working, with a custom Murphy bed and built-in storage system that easily transforms the space from stylish home to inspiring workspace. Additional features include central heat and air, in-unit laundry, and a spacious bathroom with a deep soaking tub and shower. Residents enjoy an impressive collection of amenities, including a restored historic lobby, 24/7 front desk and security, controlled access, resident lounge, landscaped garden courtyards, plunge pools, BBQ areas, bike storage, and gated covered parking available for an additional monthly fee. Located in the heart of DTLA’s Historic Core, just moments from Grand Central Market, Little Tokyo, Gallery Row, Metro access, acclaimed restaurants, nightlife, and live music venues. Experience authentic Downtown LA loft living with exceptional historic character, modern functionality, and a newly improved value.
Features & Amenities
Property Details
Mortgage Calculator
Current Rates
Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Los Angeles · Condominium
Listed 25.5% below the median closed sale of $440,000. Price per sqft ($643) is a 13% discount to closed comps ($738).
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 460 Spring Street | Los Angeles | 1912 | 0 | 1 | 470 | 30,796 | $891 | $419,000 | 625 | 85 |
| 400 Broadway | Los Angeles | 2021 | 1 | 1 | 512 | 36,291 | $1,104 | $565,000 | 378 | 80 |
| 2939 Leeward Avenue | Los Angeles | 2018 | 1 | 1 | 590 | 37,166 | $678 | $399,999 | 167 | 79 |
| 400 Broadway | Los Angeles | 2019 | 1 | 1 | 470 | 36,154 | $1,043 | $490,000 | 355 | 79 |
| 3640 Cardiff Avenue | Los Angeles | 1973 | 1 | 1 | 560 | 31,117 | $712 | $399,000 | 270 | 77 |
| Total: 5 · Average | 0.8 | 1.0 | 520.4 | 34,304.8 | $885.6 | $454,599.8 | 359 | |||
| Median | 512 | $419,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9202 National Boulevard | Los Angeles | 1927 | 10/08/2026 | 1 | 1 | 452 | 14,587 | $545,000 | $510,000 | $1,128 | 0.94 | 49 | 82 |
| 904 New Hampshire Avenue | Los Angeles | 2024 | 10/02/2026 | 1 | 1 | 573 | 0 | $299,999 | $325,000 | $567 | 1.08 | 60 | 82 |
| 7250 Franklin | Los Angeles | 1964 | 09/30/2026 | 0 | 1 | 536 | 53,531 | $300,000 | $275,000 | $513 | 0.92 | 68 | 81 |
| 119 Rosemont Avenue | Los Angeles | 1927 | 10/08/2026 | 1 | 1 | 591 | 8,004 | $485,000 | $460,000 | $778 | 0.95 | 29 | 79 |
| 1522 S Centinela Ave | Los Angeles | 1966 | 09/25/2026 | 1 | 1 | 623 | 13,544 | $449,000 | $440,000 | $706 | 0.98 | 139 | 76 |
| Total: 5 · Average | 0.8 | 1.0 | 555 | 22,416.5 | $402,000 | $402,000 | $738.4 | — | 69 | ||||
| Median | 573 | $440,000 | $440,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.