Great DTLA Historic Lofts on the Market Now - All with Mills Act Designations

What's so great about having property in a Mills Act building? Savings on property taxes. As you know, property taxes in Los Angeles are high. The Mills Act designation helps offset some of this tax burden. This could end up saving you thousands per year in taxes. The Mills Act only applies to select historic buildings.

Eckardt Building

Former warehouse in the Fashion District

Penthouse #1201

1760sf, 3 bed, 2 bath

Private patio, split level, Mills Act

$1.399MM

El Dorado Building

Former Historic Stowell Hotel

#305

1090sf, 2 bed, 2 bath

2 balconies, Mills Act

$749K

Eckardt Building

Former warehouse in the Fashion District

#203

880sf, 2 bed, 1 bath

Private patio, Mills Act

$519,995 

Rowan Building

Former office building in the Historic Core

#617

830sf, 1 bed, 1 bath

Mills Act

$588K

Eckardt Building

Former warehouse in the Fashion District

#208

810sf, 1 bed, 1 bath

Skyline views, Mills Act

$429K

Biscuit Co. Lofts

Former warehouse in the Arts District

#402

617sf, 1 bed, 1 bath

Skyline views, Mills Act

$535K

 

Eastern Columbia Lofts

Former department store in the Arts District

#410, 1200sf, $749k

#707, 1130sf, $749k

#202, 1150sf, $749k

#1009, 1190sf, $899k

Mills Act

Activity in the Arts District - Biscuit Lofts and Molino Lofts

The Arts District of DTLA has been hot for a while now. Prices climbing every year, more residents moving to the area, and lots of retail and businesses locating there. Compared to other warehouse districts in NY SF, Austin, Shoreditch in London, it's still a very sparse area. And those who are getting in early are able to snag oversized spaces and units in Mills Act buildings. See below.

Molino Lofts #118
This super loft is currently being used as an office. It is a live/work building and a wonderful investment in a hot area. 2560sf, with original brick walls, updated kitchen, 3 enclosed offices, 2 bathrooms, 1 assigned parking space. Steps from Urth Cafe, Little Tokyo, Zinc, The Springs, Blue Bottle. There is a rooftop pool, gym, sundeck. Asking $1.199MM


Biscuit Co. Lofts #402
This loft in the historic and Mills Act designated building would make for a wonderful pied a terre in the Arts District. 617sf, with original brick wall details, updated stainless kitchen and 1 assigned parking space. There is a lap pool, gym, 24 hour front desk security. Steps from Church & State, Daily Dose, Stumptown Coffee, Bestia, Little Bear, Pour Haus, Zinc, The Springs. Asking $545k.

Historic Lofts for Sale - Biscuit Lofts, Toy Factory Lofts and Textile Lofts

Inventory is super low in DTLA, what's new? About 80 properties for sale in the whole of the downtown. Below are recently available properties in great buildings. Check them out at their open houses on Sunday 3/22. UPDATE: All of the properties below have accepted offers.

2-Story Penthouse Biscuit Loft in the Arts District #714

1 bed, 2 baths, 2 parking, 2031sf, private terrace. 

Asking $419k *Mills Act Building*

PLG Estates

Toy Factory Loft in the Fashion District #603

1 bed, 1 baths, 1 parking, 976sf.

Asking $599k 

 Berkshire Hathaway

Textile Loft in the Fashion District #206

1 bed, 1 baths, 1 parking, 890sf, private terrace. 

Asking $495k *Mills Act Building*

Benjamin Hill

DTLA Lofts Selling Quickly

Two lofts I mentioned previously, Textile #505 and Biscuit #608 are now in escrow. The reasons these went pretty quickly: They are priced really well, Biscuit & Textile are Mills Act buildings, and are located in very hot pockets of downtown.

SOLD - Beautiful Artist Loft in Esteemed Mills Act Building - Biscuit Lofts #305

The jewel of the Arts District is Biscuit Company Lofts. This unique loft features 1112 square feet of open plan space. Stainless, modern kitchen, 16 foot ceilings, original windows and brick details are just some of the features in this historic loft. Once the famed Nabisco building, it also has the coveted Mills Act distinction and amenities include a fitness center, lap pool with outdoor deck area, 24-hour concierge and security. Walkable to Urban Radish local grocer, Church and State bistro, Pour Haus wine bar, Daily Dose coffee, Stumptown Coffee, Blue Bottle Coffee, Bestia, Little Bear, Urth Cafe, Bread Lounge and more. 1 bed, 1 bath, 1112sf. No parking included. Offered at $679k.