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416 S Spring St 505, Los Angeles, CA 90013

List Price: $550,000On Market FlagOn market
Aug 7, 20251,080 sqft1 beds2 baths
Listed by: Teresa Fuller
License #: 01315387
Phone #: (626) 483-0710
COMPASS
Source:
CRMLS Logo
MLS #: P1-23615

Property Description

Located in Downtown's Historic Core, this spacious unit in the El Dorado Lofts building is as captivating inside as it is from the exterior. Adjacent to many attractions beloved by downtown locals, this stunning Art Nouveau/Gothic Revival building is a protected Historic Cultural Landmark, with its facade decorated in a series of botanical motif friezes and verdigris-hue enameled brick. Architectural character features define interior common spaces as well, from the lobby lined in Bachelder tiles, to the handsome original wood front door of unit 505 with privacy glass and gold stencil work detail. Inside, the unit boasts desirable architectural details (exposed beams, steel sash windows, salvaged wood doors) as well as the practical features and amenities for modern day living (in-unit laundry, modern kitchen and bathrooms, multiple mini-split AC units). The home's tranquil primary suite with its own full bathroom and large walk-in closet provide ample storage. Entertainers will enjoy the ergonomically-designed kitchen, which opens to the spacious living area and dining room, lined with built-in bookshelves. A wall of west-facing windows offering ample natural light and opens onto a sunny private balcony with vibrant city views. Finally, a large office alcove with its own wall of built-ins offers flexibility - it's large enough to be a second bedroom (plans for converting the office to a second bedroom are already drawn) - and the second full bath is conveniently close. Buyers will benefit from the building's Mills Act status, resulting in the unit's significantly reduced property taxes - what a win! With proximity to the Downtown Farmers Market, Spring Street Dog Park, Grand Central Market, Los Angeles Athletic Club, and so many other great neighborhood spots, this home is truly a standout opportunity. This is an ideal home offering convenience and lifestyle in a beautiful envelope in the heart of the City.
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

$12,027

TurboHome Estimated Value

$675,900

$626 sqft

High Valuation
$709,695
$657/sqft
Normal Valuation
$675,900
$626/sqft
Low Valuation
$642,105
$595/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$626/sqft$675,900

Neighborhood: Downtown

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Comparative Value

$444K

$469K

$505K

$545K

$745K

746 S Los Angeles St 704, Los Angeles, CA 90014

Sale Price: $444,000

Selected Comparable

108 W 2nd St 412, Los Angeles, CA 90012

Sale Price: $469,000

Selected Comparable

460 S Spring St 412, Los Angeles, CA 90013

Sale Price: $505,000

Selected Comparable

108 W 2nd St 202, Los Angeles, CA 90012

Sale Price: $545,000

Selected Comparable

416 S Spring St 505, Los Angeles, CA 90013

List Price: $550,000

Subject Property

253 S Broadway 208, Los Angeles, CA 90012

Sale Price: $745,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
416 S Spring St 505, Los Angeles, CA 90013

416 S Spring St 505, Los Angeles, CA 90013

List: $550,000

Listed: 8/7/2025

Area:1,080 sqft
Price/sqft:$509
Beds:1
Baths:2
Year Built:
Lot Size:10,334

Comparable Properties

COMPARABLE
Choose comps
253 S Broadway 208, Los Angeles, CA 90012

253 S Broadway 208, Los Angeles, CA 90012

Sale: $745,000

4/3/20250.21 mi

Area:1,060 sqft
Price/sqft:$703
Beds:1
Baths:1
Year Built:
Weight:21.9%
108 W 2nd St 202, Los Angeles, CA 90012

108 W 2nd St 202, Los Angeles, CA 90012

Sale: $545,000

1/3/20250.27 mi

Area:1,040 sqft
Price/sqft:$524
Beds:1
Baths:1
Year Built:
Weight:20.5%
108 W 2nd St 412, Los Angeles, CA 90012

108 W 2nd St 412, Los Angeles, CA 90012

Sale: $469,000

11/1/20240.27 mi

Area:1,040 sqft
Price/sqft:$451
Beds:1
Baths:1
Year Built:
Weight:20.3%
460 S Spring St 412, Los Angeles, CA 90013

460 S Spring St 412, Los Angeles, CA 90013

Sale: $505,000

11/22/20240.06 mi

Area:930 sqft
Price/sqft:$543
Beds:1
Baths:1
Year Built:
Weight:19.1%
746 S Los Angeles St 704, Los Angeles, CA 90014

746 S Los Angeles St 704, Los Angeles, CA 90014

Sale: $444,000

12/5/20240.46 mi

Area:940 sqft
Price/sqft:$472
Beds:1
Baths:1
Year Built:
Weight:18.2%

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