1850 Industrial Street # 506
Los Angeles, CA, 90021 $ 875,000
Baths1.0 Sq 1,147 Monthly Estimate*
$ 5,816
Studio
for $875,000 with 1 full bath. This 1,147 square foot condo was built in 1925 on a lot size of 0.73.
SIGNIFICANT REDUCTION IN PROPERTY TAXES DUE TO MILLS ACT! This 1147 square-foot loft is located in the historic Biscuit Company Lofts building in the Arts District of Los Angeles -- a 1925 structure that once served as the National Biscuit Company's (Nabisco) West Coast headquarters. In 2007, developers completed an award-winning renovation converting it into 104 lofts and incorporated areas for upscale dining. Biscuit Company Lofts hold the prestigious designation of being a Los Angeles Historical-Cultural Monument (HCM #888), allowing owners reduced property taxes under the Mills Act. Unit 506 features a contemporary design with industrial chic, including an open floor plan, 13-ft ceilings, original 1925 maple hardwood floors, exposed brick, and oversized industrial windows. A stainless kitchen and large bathroom are seamlessly integrated. Building amenities include a 24/7 concierge, gym membership in an affiliated building, landscaped gardens, a 75-foot saltwater pool, gated parking, and a 24/hour front desk and security system. There is a storage locker available on site that can be included in a full price offer. This loft offers the convenience of walking distance to the new Sixth Street Viaduct, also known as the Sixth Street Bridge connecting the Arts District with the vibrant Boyle Heights neighborhood. A short distance from the building: Bike Shed, Soho Warehouse, Bestia, Guerrilla Tacos, Hauser & Wirth, Manuela, Alchemy Works, Girl & The Goat, Dover Street Market, Everson Royce bar, Hank's Organic, Pizzanista! The property is near downtown Los Angeles and world-renowned arts district restaurants, LA's Chinatown and Little Tokyo. Broker/Agent does not guarantee accuracy of square footage, lot size, zoning, rent control, HOA fees or assessments, Mills Act designation, Historical Cultural Monument status, use code, permits, school district and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer to investigate Mills Act property tax reduction to their own satisfaction. Buyer is advised to independently verify the accuracy of all information through personal inspection and with the appropriate professionals. The loft was shot staged but will be shown vacant.
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FeaturesGeneralInterior Features Open Floorplan Brick Walls Beamed Ceilings High Ceilings
Heating Central
Possession Close of Escrow
Zoning LAM3
HOA 892.0
Pool Features Salt Water
Security Features Smoke Detector(s) Carbon Monoxide Detector(s)
Construction Materials Brick
3/4 Baths 0
Full Baths 1
Half Baths 0
Year Built 1925
View Bridge(s) City Lights
Levels One
Property SubType Condominium
Accessibility Other
Assoc Fee Paid Per Monthly
County Los Angeles
New Construction No
Property Type A
Association Amenities Security Fire Pit Outdoor Cooking Area
HOA / Comm Assn Yes
Attached Garage No
Status Active
City Los Angeles
Buyer Agent Compensation 2.50
Entry Location Elevator
View Y/N Yes
Senior Community Y/N No
MLS Area C23 - Metropolitan
Lot Size Units Square Feet
Lot Size Square Feet 31630.0
Street Name Industrial
Spa Features In Ground Association
Standard Status Active
Occupancy Type Vacant
Buyer Agent Compensation Type %
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InteriorFlooring Wood
Kitchen Appliances Range Microwave Dishwasher Oven
Heating Y/N Yes
Fireplace Y/N No
Total Bathrooms 1.0
Laundry Features None Washer Included Dryer Included
Entry Level 5
Total Baths 1
Total Bedrooms 0
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ExteriorParking Features Carport
Lot Size Area 31630.0
Pool Y/N? Yes
Building Area Total 1147.0
Street Suffix Street
Lot Size Acres 0.73
Land Lease Type Fee
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* Excluded FeaturesList ByLek AdjchavanichListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $5,816
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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About Los Angeles, CA 3,920,026 Population
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793437 Elementary School
793428 Middle School
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Pricing HistoryDate | Price | Price Change | Description |
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5/9/2024 | $875,000 | | Listed Price |