NOT LISTED FOR SALE

Biscuit Company Lofts 1850 Industrial St Unit 703 Los Angeles, CA 90021

Downtown LA Neighborhood

Estimated Value: $2,487,000 - $5,817,361

2 Beds
2.5 Baths
4,300 Sq Ft
$1,327/mo HOA Fee

Last Sold August 19, 2022

Last sale price $5,500,000 $1,279 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $25,915/month

192 Days on Market

Highlights

  • Concierge
  • 24-Hour Security
  • In Ground Pool
  • Felicitas and Gonzalo Mendez High Rated A-
  • Penthouse
  • Primary Bedroom Suite

About This Home

As of August 2022

Incredible scale, tremendous volume and 360 degree jetliner views position this rare historic penthouse as the most significant mixed-use offering in Downtown LA's thriving Arts District. Originally constructed in 1925 by E.J. Eckel as the West Coast headquarters of Nabisco, this magnificent structure was converted to a live/work community in 2007, the same year it was declared a Historic Cultural Monument. Spanning four levels atop the 7th floor, this grand scaled unit provides the ultimate canvas to create, produce, live, entertain and play all in one. Recently outfitted as the headquarters of a major film production company, this museum-like dwelling occupies 4,300 square feet of interiors with original maple hardwood floors and a remarkable 3,600 square feet of private outdoor terrace space. A flexible canvas enjoys a variety of floor plan layouts depending on your style, with the main living spaces and kitchen on the second floor, and a voluminous owner's suite occupying the entire third floor. Start and end your days with incredible sunrise and sunset views from a towering rooftop deck, providing exceptional scenery from LA's mountain ranges, through Downtown, and over to the coast, revealing an incomparable wow perspective of the Los Angeles basin. Ideally located with easy access to the Westside, Hollywood and Valley studios while just around the corner from the new Soho Warehouse and the Arts District's bustling eateries and sceneries. Truly one of a kind- extremely private with around the clock concierge, a zen garden terrace & swimming pool, the tax saving Mills Act, and a celebrated piece of genuine Angeleno history, this once in an era setting is the best Downtown LA life has to offer. Home, is here.

Last Agent to Sell the Property

Justin Alexander

Hilton Hilton License #01733939 Listed on: 01/05/2022

Co-Listed By

Tab Howard

Hilton Hilton License #01823733

Last Buyer's Agent

Michael Robleto

COMPASS License #01980172

COMPASS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,149

Year Built

  • Built in 1925

Lot Details

  • Gated Home
  • Historic Home

HOA Fees

  • $1,327 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Property Views

  • Panoramic
  • City Lights
  • Views of a landmark
  • Mountain

Home Design

  • Penthouse

Interior Spaces

  • 4,300 Sq Ft Home
  • Brick Wall or Ceiling
  • High Ceiling
  • Great Room
  • Family Room on Second Floor
  • Living Room
  • Dining Area
  • Loft
  • Wood Flooring
  • Laundry Room

Kitchen

  • Oven
  • Gas and Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Powder Room

Outdoor Features

  • In Ground Pool
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5164-021-107

Community Details

Overview

  • 104 Units
  • High-Rise Condominium
  • Built by E.J. Eckel
  • 7-Story Property

Amenities

  • Concierge

Recreation

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,149

Year Built

Built in 1925

Lot Details

0

HOA Fees

$1,327 per month

Listing Details

  • Property Type: Residential
  • Style: Architectural
  • Levels: Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Builder Name: E.J. Eckel
  • Complex Name: Biscuit Company Lofts
  • Entry Floor: 1
  • Living Area: 4300
  • Lot Acreage: 0.7259
  • Planned Urban Dev: 0
  • Stories: 7
  • Unit Floor In Building: 7
  • Year Built: 1925
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Brick Walls
  • Fireplace Rooms: Master Retreat, Master Bedroom
  • Flooring: Hardwood
  • Appliances: Gas/Electric Range, Oven
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: Master Retreat, Master Suite
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Dining Area
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 1395.35

Exterior Features

  • Other Features: High Ceilings (9 Feet+), Historical
  • Pool Description: In Ground, Community
  • Pool: Yes
  • View: City, City Lights, Landmark, Mountains, Panoramic
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Covered Parking, Community Garage, Assigned, Subterranean
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: 24 Hour, Gated, Card/Code Access
  • Sewer: In Street

Association/Amenities

  • Amenities: Concierge, Gated Community, Pool
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • High Rise: Concierge
  • HOA Fees: 1326.59
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 5164-021-107
  • Lot Size Area: 31620

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 104

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2022
Closed on
Aug 17, 2022
Sold by
Loose Change Investments Llc
Bought by
Harpur Family Trust
Seller's Agent
Justin Alexander
Hilton Hilton
Buyer's Agent
Michael Robleto
COMPASS
List Price
$7,000,000
Sold Price
$5,500,000
Premium/Discount to List
-$1,500,000
-21.43%
Views
2
Current Estimated Value
$4,345,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,154,880
Avg. Annual Appreciation
-7.46%

Purchase Details

Closed on
Apr 11, 2017
Sold by
Loose Change Investments Llc
Bought by
Loose Change Investments Llc

Purchase Details

Listed on
Feb 2, 2012
Closed on
Mar 27, 2012
Sold by
Gallo Vincent
Bought by
Loose Change Llc
Seller's Agent
Frank Bruno
Keller Williams Hollywood Hills
Buyer's Agent
Tab Howard
Hilton Hilton
List Price
$2,599,000
Sold Price
$2,600,000
Premium/Discount to List
$1,000
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.92%
Original Mortgage
$1,040,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2009
Sold by
673 Mateo Llc
Bought by
Gallo Vincent
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Harpur Family Trust $5,500,000 Fidelity National Title
Loose Change Investments Llc -- Accommodation
Loose Change Llc $2,600,000 Chicago Title Company
Gallo Vincent -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Loose Change Llc $1,040,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $5,500,000 -8.3% $1,279 / Sq Ft
07/16/2022 07/16/22 Pending -- -- --
03/14/2022 03/14/22 Price Changed $6,000,000 -14.3% $1,395 / Sq Ft
01/05/2022 01/05/22 For Sale $7,000,000 +169.2% $1,628 / Sq Ft
04/23/2012 04/23/12 Sold $2,600,000 0.0% $605 / Sq Ft
03/28/2012 03/28/12 Pending -- -- --
02/02/2012 02/02/12 For Sale $2,599,000 -- $604 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,149 $1,035,000 $207,000 $828,000
2024 $13,149 $1,035,000 $207,000 $828,000
2023 $13,127 $1,035,000 $207,000 $828,000
2022 $12,761 $1,035,000 $207,000 $828,000
2021 $12,828 $1,035,000 $207,000 $828,000
2019 $13,576 $1,611,000 $322,200 $1,288,800
2018 $19,920 $1,611,000 $322,200 $1,288,800
2016 $7,920 $645,219 $129,000 $516,219
2015 $7,921 $645,219 $129,000 $516,219
2014 $10,512 $645,219 $129,000 $516,219
Source: Public Records

Agents Affiliated with this Home

  • Justin Alexander

    Seller's Agent in 2022

    Justin Alexander

    Hilton Hilton

    (970) 710-1665

    1 in this area

    79 Total Sales

    Justin Alexander
    Section Image

  • T

    Seller Co-Listing Agent in 2022

    Tab Howard

    Hilton Hilton

    (310) 346-3500

    1 in this area

    41 Total Sales

    Tab Howard
    Section Image

  • M

    Buyer's Agent in 2022

    Michael Robleto

    COMPASS

    Section Image
  • Frank Bruno

    Seller's Agent in 2012

    Frank Bruno

    Keller Williams Hollywood Hills

    (310) 309-7226

    5 in this area

    32 Total Sales

    Frank Bruno
    Section Image
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About Biscuit Company Lofts

Map

Source: The MLS

MLS Number: 22-116097

The MLS

APN: 5164-021-107

California Los Angeles County Los Angeles 90021 Downtown LA

1850 Industrial St Unit 703, Los Angeles, CA

This home is located at 1850 Industrial St Unit 703, Los Angeles, CA 90021 since 05 January 2022 and is currently estimated at $4,345,120, approximately $1,010 per square foot. This property was built in 1925. 1850 Industrial St Unit 703 is a home located in Los Angeles County with nearby schools including Para Los Niños Charter Middle School, Hollenbeck Middle School, and Felicitas and Gonzalo Mendez High.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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