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460 S Spring St 1217, Los Angeles, CA 90013

List Price: $550,000On Market FlagOn market
Feb 20, 2025844 sqft1 beds1 baths
Listed by: David Lukan
License #: 01873011
Phone #: 213-700-6515
Compass
Source:
CRMLS Logo
MLS #: 25501177

Property Description

**MILLS ACT TAX SAVINGS OF UP TO 80%** Discover a truly unique opportunity to own a stunning top-floor Penthouse loft in the iconic Rowan building. This serene penthouse, perched high on the 12th floor, offers exceptional privacy with no shared walls and a peaceful, interior-facing orientation that shields you from the city's hustle while still flooding the space with natural light through wall-to-wall, oversized mahogany-framed windows overlooking the tranquil atrium courtyard.The loft exudes character with exposed brick walls, soaring 13' brick barreled ceilings, and a charming skylight, all complemented by central HVAC for year-round comfort. Its historic charm is flawlessly paired with modern luxuries, including Scavolini custom kitchen and bathroom cabinetry, sleek stainless steel Bosch appliances, granite countertops, a relaxing soaking tub, and elegant engineered wood flooring. The open-concept gourmet kitchen enhances both functionality and style, perfect for everyday living and entertaining. Residents at The Rowan enjoy premium amenities such as 24-hour private security, a spacious residents' lounge with a kitchenette, a private garden with a barbecue area and outdoor seating, and inviting hot and cold spas. The building is also pet-friendly, welcoming your furry companions. Parking & Storage available for an additional cost. Located in Downtown LA's vibrant Historic Core, right next to Spring Street Park, this loft offers the perfect blend of urban living and peaceful retreat. Plus, benefit from substantial property tax savings (approximately 60-80%) through the Mills Act, making this an incredible investment opportunity. Truly a must see to really capture what this unit and building have to offer.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$7,356

TurboHome Estimated Value

$520,200

$616 sqft

High Valuation
$546,210
$647/sqft
Normal Valuation
$520,200
$616/sqft
Low Valuation
$494,190
$586/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$616/sqft$520,200

Neighborhood: Downtown

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Comparative Value

$335K

$435K

$470K

$505K

$550K

312 W 5th St 605, Los Angeles, CA 90013

Sale Price: $335,000

Selected Comparable

215 W 7th St 1106, Los Angeles, CA 90014

Sale Price: $435,000

Selected Comparable

215 W 7th St 901, Los Angeles, CA 90014

Sale Price: $470,000

Selected Comparable

460 S Spring St 412, Los Angeles, CA 90013

Sale Price: $505,000

Selected Comparable

460 S Spring St 816, Los Angeles, CA 90013

Sale Price: $510,000

Selected Comparable

460 S Spring St 1217, Los Angeles, CA 90013

List Price: $550,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
460 S Spring St 1217, Los Angeles, CA 90013

460 S Spring St 1217, Los Angeles, CA 90013

List: $550,000

Listed: 2/20/2025

Area:844 sqft
Price/sqft:$652
Beds:1
Baths:1
Year Built:
Lot Size:30,787

Comparable Properties

COMPARABLE
Choose comps
460 S Spring St 412, Los Angeles, CA 90013

460 S Spring St 412, Los Angeles, CA 90013

Sale: $505,000

11/22/20240.00 mi

Area:930 sqft
Price/sqft:$543
Beds:1
Baths:1
Year Built:
Weight:20.7%
215 W 7th St 1106, Los Angeles, CA 90014

215 W 7th St 1106, Los Angeles, CA 90014

Sale: $435,000

2/7/20250.26 mi

Area:770 sqft
Price/sqft:$565
Beds:1
Baths:1
Year Built:
Weight:20.7%
312 W 5th St 605, Los Angeles, CA 90013

312 W 5th St 605, Los Angeles, CA 90013

Sale: $335,000

5/2/20250.13 mi

Area:670 sqft
Price/sqft:$500
Beds:1
Baths:1
Year Built:
Weight:19.9%
460 S Spring St 816, Los Angeles, CA 90013

460 S Spring St 816, Los Angeles, CA 90013

Sale: $510,000

9/13/20240.00 mi

Area:710 sqft
Price/sqft:$718
Beds:1
Baths:1
Year Built:
Weight:19.4%
215 W 7th St 901, Los Angeles, CA 90014

215 W 7th St 901, Los Angeles, CA 90014

Sale: $470,000

10/18/20240.26 mi

Area:732 sqft
Price/sqft:$642
Beds:1
Baths:1
Year Built:
Weight:19.3%

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