1850 Industrial Street #506, Los Angeles, CA 90021 (MLS # 24389691)
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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 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.
| DAYS ON MARKET | 12 | LAST UPDATED | 5/8/2024 |
|---|---|---|---|
| YEAR BUILT | 1925 | COMMUNITY | C23 - Metropolitan |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dishwasher, Dryer, Microwave, Oven, Range, Washer |
|---|---|
| AREA | C23 - Metropolitan |
| CONSTRUCTION | Brick |
| HEAT | Central |
| HOA DUES | 892|Monthly |
| INTERIOR | Beamed Ceilings, High Ceilings, Open Floorplan |
| LOT | 0.7261 acre(s) |
| PARKING | Carport, Gated |
| POOL DESCRIPTION | Association, In Ground, Salt Water |
| SEWER | Other |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Bridge(s), City Lights |
TOTAL MONTHLY PAYMENT
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