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1850 Industrial Street , #506

Los Angeles (City), CA 90021
  • $875,000
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: 24389691
UPDATED: 47 min ago
$875,000
  • 0
    BEDS
  • 0.73
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,147
    SQFT
  • $763
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1925
County:

School Ratings & Info

Listing Agent(s): Lek Adjchavanich of Secret HQ, Inc (310-990-3016) and Andrew R. Liberty of Compass()


Description

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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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-17T09:39:34.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pometto Team Realty | Compass. Licensed in the State of California, USA.
www.carlsbadsearch.com/homes/150340731
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1850 Industrial Street , #506 Los Angeles (City), CA 90021

  • Price: $875,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 47 min ago
  • ID#: 24389691
0
Beds
1
Baths
0
½ Baths
0.73
Acres
1,147
SQFT
$763
$/SQFT
1925
Built
Neighborhood:
C23 - Metropolitan
County:
Los Angeles
Area:
C23 - Metropolitan
Property Description
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.
Exterior Features

Carport YN Yes Construction Materials Brick Entry Level 5 Entry Location Elevator Parking Features CarportGated Parking Total 0 Pool Features AssociationIn GroundSalt Water Pool Private YN No View Bridge(s)City Lights View YN Yes

Interior Features

Appliances DishwasherMicrowaveOvenRangeDryerWasher Fireplace Features None Fireplace YN No Flooring Wood Furnished Unfurnished Heating Central Heating YN Yes Interior Features Beamed CeilingsBrick WallsHigh CeilingsOpen FloorplanLoft

Property Features

Association Amenities Fire PitOutdoor Cooking AreaSecurity Association Fee 892 Association Fee Frequency Monthly Association YN Yes Buyer Financing Conventional Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Pets Allowed Yes Possession Close Of Escrow Property Sub Type Condominium Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Other Special Listing Conditions Standard Zoning LAM3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-17T09:39:34.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pometto Team Realty | Compass. Licensed in the State of California, USA.
 
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Pometto Team Realty | Compass
5796 Armada Dr., Suite 250
Carlsbad CA, 92008
Listing Agent(s): Lek Adjchavanich of Secret HQ, Inc (310-990-3016) and Andrew R. Liberty of Compass()