El Dorado Lofts 416 S Spring St Unit 505 Los Angeles, CA 90013
Downtown LA NeighborhoodEstimated payment $4,291/month
Total Views
252
1
Bed
2
Baths
1,080
Sq Ft
$509
Price per Sq Ft
Highlights
- Primary Bedroom Suite
- Bonus Room
- Home Office
- City Lights View
- Stone Countertops
- 2-minute walk to Spring Street Park
About This Home
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.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,165
Year Built
- Built in 1914
Lot Details
- 1 Common Wall
- No Sprinklers
HOA Fees
- $1,015 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Available
- Assigned Parking
Property Views
- City Lights
- Neighborhood
Interior Spaces
- 1,080 Sq Ft Home
- Living Room
- Dining Room
- Home Office
- Bonus Room
- Laundry Room
Kitchen
- Electric Oven
- Gas Cooktop
- Microwave
- Stone Countertops
Bedrooms and Bathrooms
- 1 Bedroom
- Primary Bedroom Suite
- Remodeled Bathroom
- Bathroom on Main Level
- 2 Full Bathrooms
- Stone Bathroom Countertops
- Bathtub with Shower
Home Security
Outdoor Features
- Living Room Balcony
- Exterior Lighting
Location
- Urban Location
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 5149038020
Community Details
Overview
- Master Insurance
- El Dorado Lofts Association, Phone Number (213) 290-1959
Recreation
- Park
Security
- Security Service
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Map
About El Dorado Lofts
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Home Values in the Area
Average Home Value in this Area
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 | $3,165 | $213,000 | $42,600 | $170,400 |
| 2024 | $3,165 | $213,000 | $42,600 | $170,400 |
| 2023 | $3,130 | $213,000 | $42,600 | $170,400 |
| 2022 | $3,015 | $213,000 | $42,600 | $170,400 |
| 2021 | $3,005 | $213,000 | $42,600 | $170,400 |
| 2020 | $2,961 | $227,000 | $45,400 | $181,600 |
| 2019 | $2,866 | $227,000 | $45,400 | $181,600 |
| 2018 | $3,084 | $227,000 | $45,400 | $181,600 |
| 2016 | $2,783 | $210,000 | $42,000 | $168,000 |
| 2015 | $2,746 | $210,000 | $42,000 | $168,000 |
| 2014 | $2,835 | $424,318 | $167,219 | $257,099 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | For Sale | $550,000 | -25.0% | $509 / Sq Ft |
| 11/23/2020 11/23/20 | Sold | $733,120 | -3.4% | $679 / Sq Ft |
| 10/26/2020 10/26/20 | Pending | -- | -- | -- |
| 09/22/2020 09/22/20 | For Sale | $759,000 | -- | $703 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $733,500 | First Amer Ttl Co Glendale | |
| Grant Deed | $406,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $549,840 | New Conventional | |
| Previous Owner | $307,500 | Commercial | |
| Previous Owner | $324,720 | Commercial |
Source: Public Records
Similar Homes in the area
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-23615
APN: 5149-038-020
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