Historic Mills Act Pied a Terre in the $300s

It's still possible to get a historic loft in a wonderful walkable neighborhood in the 300s, in a Mills Act Building. This loft in the lovely Rowan building faces the Spring Street Park and features large double hung windows, exposed brick, Scavolini kitchen, Bosch washer/dryer in the unit, and an open plan layout. The Rowan has a doorman, BBQ patio, hot tubs, and a resident lounge. Walk to  the Farmers Market, Buzz Wine, Bar Ama, Orsa and Winston, Spring for Coffee, The Continental, Spring Street Arcade, Ace Hotel, Terroni, Nickel Diner, Verve Coffee and more. 460sf, 1 parking space with option to lease another. Asking $378k.

Currently Available Industrial Lofts in DTLA

Simply put, there are usually two kinds of lofts--industrial and architectural. The architectural ones are generally the conversions from former bank buildings, offices (think Rowan Lofts, Douglas Lofts, Eastern Columbia Lofts) that have a lot of beautiful character intact, both inside and out. The industrial ones are often conversions too, but have generally been adapted from factories, warehouses or showrooms (think Biscuit Company Lofts, Toy Factory, Barker Block, Textile Lofts).

Below are industrial lofts currently available for sale in these unique buildings:

FLOWER STREET LOFTS IN SOUTH PARK (Formerly a UPS Shipping Hub)

Penthouse Loft #416 - 1648sf - $800k

Loft #215 - 1260sf - $750k

Loft #117 - 1483sf - $683k

BARKER BLOCK LOFTS IN THE ARTS DISTRICT (Formerly the Barker Brothers Furniture Factory & Warehouse)

Loft #424 - 1070sf - $849k

SOLD - Corner Unit at Historic Rowan Lofts #811

Beautiful, restored *corner!* loft in the heart of the historic core and Spring Street bustle. This 8th floor loft in the historic Rowan building boasts original oversized windows, hard wood floors, original brick walls, and separated bedroom area. 1 bathroom and access to 1 parking space. The loft is 940sf and the asking price is $649k. The Rowan is a Mills Act designated building.

SOLD - Art Deco Icon Meets Modern Luxe - Eastern Columbia Loft #806

South facing unit in the iconic Art Deco Eastern Columbia building, developed by The Kor Group. The unit features beautiful banks of windows, polished concrete floors lots of sunlight. Comes with 1 parking space, and building amenities include a 24-hour concierge, gym and fabulous rooftop pool. Walkable to Spring Street, Ace Hotel, Umami, Figaro, Alma, Pellicola, Sparkle Factory, Grand Central Market, and more. Listed for $729k with 1120sf of space. This building is also Mills Act approved.

SOLD - Spacious 2 Bed, 2 Bath, 2 Balconies Overlooking Spring St Park - El Dorado Loft #409

Spring Street at it's best--a 2 bedroom, 2 bath loft with 2 private balconies overlooking Spring Street Park as the historic El Dorado building, formerly the home of Charlie Chaplin. Nearly 1400sf, the loft boasts stylish, high quality finishes such as built-in stainless steel Bosch appliances, Snaidero Italian cabinets, granite countertops, added island w/ additional storage, under-cabinet lighting, Franke stainless steel dual-basin kitchen sink, deep soaking tubs, ventless washer/dryer, pre-wired for speakers and surround sound, huge walk-in closet, coat closet and linen closet with built-in shelves. Building is Mills Act approved for significant tax savings. Asking $775k.

Courtesy of Jeremy McGinnis, Kobeissi Properties

SOLD - Art Deco Pedigree, Priceless City Views - Eastern Columbia #1106

The Eastern Columbia building is one of the most adored buildings in downtown. It's located on one of the hottest intersections in DTLA. Within the past year, it has gained neighbors such as The Ace Hotel, Acne, Aesop, Oak, Om Nom, 1810 and more. And this is just the tip of the iceberg, which should translate to even greater upside investment potential in the next 3-5 years The stunning 1930s art deco masterpiece features the iconic clock tower and bluish patina on the exterior, with a beautifully rehabbed interior by The KOR Group. Being one of the few, Mills Act-approved buildings, you'll also save on property taxes. This 11th floor unit features more than 1130sf of space, has a great layout with open floorplan. Faces south for lots of daytime sunlight. Includes 1 parking space. Offered at $799,000.

SOLD - Spacious Loft in Coveted Art Deco Gem - Eastern Columbia #M11

The Eastern Columbia building is one of the most adored buildings in downtown. It's located on one of the hottest intersections in DTLA. Within the past year, it has gained neighbors such as The Ace Hotel, Acne, Aesop, Oak, Om Nom, 1810 and more. And this is just the tip of the iceberg, which should translate to even greater upside investment potential. The stunning 1930s art deco masterpiece features the iconic clock tower and bluish patina on the exterior, with a beautifully rehabbed interior by The KOR Group. Being one of the few, Mills Act-approved buildings, you'll also save on property taxes. This Mezzanine level unit features more than 1800sf of space, has a great layout with open floorplan and partially enclosed bedroom areas. Faces west for lots of daytime sunlight, has 2 beautiful bathrooms and an entertainer's kitchen. Includes 1 parking space. Offered at $799,000.

SOLD - Spacious Industrial Loft in Art District South - Toy Factory #615

Arts District live/work loft that is a true warehouse conversion featuring polished concrete floors and stainless steel appliances. The building boasts a rooftop pool and gym--both with views for miles, lower rooftop courtyard and a full gym. Located across the street from Church & State, Daily Dose, Pour Haus, Little Bear, Urban Radish, Zinc, and just a couple blocks from Bestia, Stumptown, Bread Lounge, Blue Bottle Coffee, Factory Kitchen, etc. This pristine loft features upgrades throughout, and great natural light from massive windows. Listed at $849k for 1428sf of space. Has 1 bath and 1 parking space.

SOLD - Penthouse Loft with Sunset Views to the West - Barker Block #505

True live/work penthouse loft in the Barker Block building with views of beautiful sunsets. This west facing loft features 1310 sf of living space, making it one of the more spacious lofts in the building. Designed by The KOR Group, the building boasts a lovely rooftop pool and gym--both with views for miles, courtyard areas and an art exhibition tunnel. Plus it's directly across the street from Urth Cafe, perfect for that morning coffee run. The stunning loft has beautiful polished concrete floors, 1 bathroom1 and 1 assigned parking spaces. Listed at $799,000. 

SOLD - Immaculate Open Plan Industrial Loft - Barker Block #246

True live/work loft for lease in the Barker Block building. Designed by The KOR Group, the building boasts a lovely rooftop pool and gym--both with views for miles, courtyard areas and an art exhibition breezeway. Plus it's directly across the street from Urth Cafe, perfect for that morning coffee run. The open floorplan loft features a mix of concrete walls, dark hardwood floors exposed wood beams, open space kitchen and living area. Listed at $565k for 980 sf of livable, workable space. Includes 1 assigned parking space. Walk to Stumptown, Urth, Zinc, Blue Bottle, Wurstkuche, Little Tokyo, Pie Hole, Bestia, Church & State, Little Bear and more.

Go Ahead, Raise the Rent

Landlords out there, you know that many of the buildings in DTLA are free of rent control, right? Just wanted to make sure. Buildings that were converted into condominiums are not subject to rent control laws. This is one of the reasons why those who are looking to buy an investment property love downtown. For in-depth information on rent control: http://lahd.lacity.org/lahdinternet/rentstabilization/tabid/247/default.aspx

SOLD - Arts District Loft with Skyline Views - Barker Block #413

True live/work loft for sale in the Barker Block building. Designed by The KOR Group, the building boasts a lovely rooftop pool and gym--both with views for miles, courtyard areas and an art exhibition tunnel. Plus it's directly across the street from Urth Cafe, perfect for that morning coffee run. This warehouse loft is located on the northern end of Barker Block, and features more than 1300 sf of space and upgraded finishes throughout. Beautiful skyline views of downtown from the oversized windows. Listed at $795,000 for 1310 sf of livable, workable space. Walkable businesses include Bestia, Stumptown Coffee, Wurstkuche, Urban Radish, Zinc, and many. Includes 1 assigned parking space.

SOLD - Spacious Arts District Top Floor Loft - Molino Lofts #306

True live/work loft for sale in the Molino Lofts building. Designed by The KOR Group, the building boasts a lovely rooftop pool and gym, a sun deck, gym and gated parking. The stunning top floor loft features more than 1800sf of space and vaulted ceilings where the highest point is about 22' tall. Amazing space with wood beams, hard wood floors, fire escape balcony, and an open, airy layout. Comes with 1 assigned parking space. Asking $935,000.

SOLD - Industrial Warehouse Loft with Views - Toy Factory #620

Amazing spacious loft with high ceilings and polished concrete floors in the heart of the Arts District. This stylish live/work loft features endless upgrades that include custom-built room dividers, lighting, custom-built closet and more. Expansive southerly views from the oversized windows. The unit also features 1 in-building parking space. The building boasts a rooftop pool and spa--both with views for miles, lower rooftop courtyard and a full gym, as well as front desk security. Located across the street from Church & State, Daily Dose, Pour Haus, Little Bear, Urban Radish, and just a couple blocks from Bestia and Handsome Coffee, Urth Cafe. This pristine loft is listed at $598k for 1039sf of space. Has 1 bath.

SOLD - Light-Filled Corner Loft - Rowan #518

Beautiful, airy corner loft at the lovely Rowan Building on bustling Spring Street. Beautiful, spacious restored loft in the heart of the historic core boasts lovely city views through its original oversized windows, wood floors and an entertainer's kitchen. Features an open plan with a partially walled off bedroom. The loft is 720sf and the asking price is $470k. Parking available in the adjacent building for a fee. The Rowan is a Mills Act designated building.

SOLD - North Facing Industrial Loft with Pool, Gym & Doorman - Toy Factory #413

Gorgeous loft with 11" ceilings, walls and floors of concrete in the heart of the Arts District. This live/work loft has original warehouse bones and huge windows that face north and towards the downtown skyline. The loft is spacious at over 1200sf. The building boasts a rooftop deck and pool, open air lounge deck, gym, doorman, and in-building parking. Located across the street from Church & State, Daily Dose, Pour Haus, Little Bear, Urban Radish, and just a couple blocks from Bestia and Blue Bottle Coffee, Urth Cafe, Zinc, Stumptown, Bread Lounge and more. Asking $625k for 1239sf of space. Has 1 bath and 1 covered, in-building parking space.

WITHDRAWN - Massive Industrial Live/Work Loft in Arts District - Molino Loft #217

True live/work loft for lease in the Molino building. Designed by The KOR Group, the building boasts a lovely rooftop pool, sundeck, gym, and in-building parking. The stunning oversized loft features nearly 3000sf of space, immaculate wood floors, upgraded appliances, built-in closets, separated rooms, and 1 assigned parking space. 2190sf of space. Asking $1,200,000. Low HOAs at only $574/mo. 

Courtesy of Ted Trentman, Realty Source

SOLD - Historic Corner Loft with Brick Details - Rowan #601

The Rowan Building is a classic Beaux-Arts architectural gem. True old-Hollywood styling with original brick and terracotta, and original Italian Carrara marble floors throughout common areas. This loft features a custom built storage and wall unit, Italian Scavolini kitchen, Miele subzero style refrigerator, Miele dishwasher, Toto finished bathroom, and oversized mahogany framed windows offering natural light & cityscape views. Best of all, this is a Mills Act building for significant property tax savings. Amenities include lounge room, garden, BBQ & spa. Walking distance to Gallery Row, Metro Red line, Grand Central Market, Bar Ama, Kazunori, Spring for Coffee, The Must, etc. 720sf of space, parking available in adjacent building. Asking $490k.

SOLD OVER ASKING - Spacious Split Level Loft with Private Patio - Barker Block #126

True live/work corner loft in the Barker Block building with 2350sf of living space, making it one of the most spacious lofts in the building. Designed by The KOR Group, the building boasts a lovely rooftop pool and gym--both with views for miles, courtyard areas and an art exhibition tunnel. Plus it's directly across the street from Urth Cafe, perfect for that morning coffee run. The stunning oversized loft features a unique split level floorplan and a private patio. Has original wood beams, beautiful hardwood floors, 2 bathrooms and 2 assigned parking spaces. Listed at $1.179MM. 

SOLD - Corner Warehouse Loft with Balcony - Toy Factory #519

Amazing spacious loft with 14" ceilings and polished concrete floors in the heart of the Arts District. This stylish live/work loft features endless upgrades that include custom-built room dividers , gourmet kitchen, custom-built closet and more. The unit also features a private balcony and 2 parking spaces. The building boasts a rooftop pool and gym--both with views for miles, lower rooftop courtyard and a full gym. Located across the street from Church & State, Daily Dose, Pour Haus, Little Bear, Urban Radish, and just a couple blocks from Bestia and Handsome Coffee. This pristine loft is listed at $819k for 1438sf of space. Has 1 bath.