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$1,548,000

Beds
1
Baths
2.0
sq ft
1,670

1850 E Industrial St Unit 411, Los Angeles, CA 90021

1850 E Industrial St Unit 411

Los Angeles, CA 90021

  • 37 days on market
    • Price drop $37,000↓
MILLS ACT PROPERTY WITH MASSIVE TAX REDUCTION! Located in the premiere Historic building in the Arts District, this 4th floor "Biscuit Loft" SW CORNER unit is sure to impress. Known as one of the BEST units in the building, the floorplan is unique and special. A long private entry hall leads to a massive space with soaring ceilings and cornered walls of windows that run the entire length/width of the unit. Flooded with light, stunning sunsets, and picturesque views of Downtown LA - means you may never want to leave home! Custom built kitchen includes upgraded quartz island, chic geometric stone back-splash, Refrigerator w/LCD screen, wine cooler, stainless steel cabinets, and high-end fixtures. Hardwood flooring combined with original terrazzo make an elegant statement. Custom office build-out and separated bedroom area allows for unique and private spaces within the unit, including two full baths. Electric solar shades, custom paint, and underground parking complete the package and make this a RARE FIND in an area bustling with excitement! Within a stone's throw to many restaurants, art galleries, Soho House, new 6th St. Bridge, and numerous developments in the works! Most exciting area in DTLA and the perfect place to live/work. Community salt-water pool, BBQ, new outdoor furniture & lobby, Gym, and 24/7 security/concierge. 1 Underground Secure Parking spot. 1 Storage Space. Gas/Water/Trash included. Unit not currently furnished.

Details

Property type

Condominium

Est. home value

$1,354,906

Lot size

0.7282 acres

Price per sq ft

$927

Year built

1925

Monthly HOA fee

$1,116

Price History

03/05/2025
CLAW

CLAW #25488761

Price change
$1,548,000
-2.33%
02/03/2025
CLAW

CLAW #25488761

Listed
$1,585,000

Schools & Community

Neighborhood: 

Central City East

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

-$342,228
Asking price
$1,548,000
Closing costs (~8% of asking)
-$123,840
Est. remaining loan balance
-$1,766,388
Cash to seller
-$342,228

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

February 2023

Original loan amount

$1,812,000

Est. remaining balance

$1,766,388

Interest rate

6.27%

Loan type

New Conventional, 30 year

Seller

Marshall Brekka and Alice Yi

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 03/11/2025 at 2:50 PM

Listing updated: 03/05/2025 at 8:55 AM

Listed by: Frank Bruno, Keller Williams Hollywood Hills Phone #: (310) 623-1300

MLS: CLAW #25488761

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