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$475,000

Beds
1
Baths
1.0
sq ft
730

416 S Spring St Unit 908, Los Angeles, CA 90013

416 S Spring St Unit 908

Los Angeles, CA 90013

  • 3 days on market
A rare blend of history, character, and modern upgrades, this ninth-floor condo in the iconic El Dorado Lofts is perfect for anyone who loves living in a space with a story. Built in 1914 and once home to Hollywood legends like Charlie Chaplin, the building offers the charm of a bygone era paired with the convenience of contemporary living. Inside, you'll find high ceilings, exposed concrete details, and a thoughtful layout that feels spacious and inviting. The private balcony provides stunning city views ideal for soaking in the energy of Downtown LA while enjoying a quiet moment above it all. Recent updates include premium plank flooring, custom motorized window treatments and smart LED Lighting. A modern kitchen with Snaidero Italian cabinetry, granite countertops, and stainless steel appliances, including a Samsung refrigerator with a built-in beverage center make hosting a breeze. The bathroom features a partially enclosed tub with subway tile and chrome fixtures, creating a clean, classic feel. This condo is perfect for those who want to enjoy the culture, entertainment, and vibrant atmosphere of Downtown LA, while also appreciating the historical significance of living in a landmark like the El Dorado. With a Walk Score of 96, you're just steps from iconic destinations like Disney Concert Hall, the Last Bookstore, and Grand Central Market, along with a growing list of incredible restaurants and cafes. Public transportation is close by, making it easy to explore even more of what LA has to offer.As a Mills Act property, this home also comes with significant property tax savings, making it a smart investment as well as a special place to live. Secured monthly parking with EV charging options is conveniently available adjacent to the property. If you're looking for a home that's rich in character, ideally located, and thoughtfully updated, Unit 908 is ready to welcome you.

Details

Property type

Condominium

Est. home value

$513,933

Lot size

0.2373 acres

Price per sq ft

$651

Year built

1914

Monthly HOA fee

$929

Price History

01/21/2025
CLAW

CLAW #24466703

Listed
$475,000
-1.66%
03/30/2023
CRMLS

CRMLS #WS23005660

Sold
$483,000
-21.14%
05/28/2019
CLAW

CLAW #19459864

Sold
$612,500

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$59,281
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$377,719
Cash to seller
$59,281

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

March 2023

Original loan amount

$386,400

Est. remaining balance

$377,719

Interest rate

6.15%

Loan type

New Conventional, 30 year

Seller

Scott G Schoenen and Paul C Weiss

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: 01/23/2025 at 10:55 PM

Listing updated: 01/21/2025 at 1:09 PM

Listed by: Ingeborg Nanni Jacobson, Keller Williams Realty Los Feliz Phone #: (323) 300-1000

MLS: CLAW #24466703

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