1850 Industrial Street, Unit 506

Los Angeles, CA 90021

$875,000
Price
Studio
Beds
1
Bath
1,147 Sq. Ft.
$763 / Sq. Ft.
1,147
Sq. Ft.
$763
per Sq. Ft.

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...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.

Listing Agent

  1. Andrew Liberty

    Andrew Liberty

    Alternative Listing Agent

    Compass

    DRE #01965696

Property Details for 1850 Industrial Street, Unit 506

Water Front
None
Zoning
LAM3
Style
Architectural
Association Fee Frequency
Monthly
Parcel Number
5164021080
Total Units
104.0
Living Area
1147
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Compass, Andrew Liberty, DRE #01965696; Secret HQ, Inc, Lek Adjchavanich, DRE #01963614
Add your commute
LISTING UPDATED: 05/27/2024 11:36 AM

Property Details for 1850 Industrial Street, Unit 506

StatusActive
MLS #24-389691
Days on Market26
Taxes-
HOA Fees$892 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built1925
CountyLos Angeles County

Building

Biscuit Company Lofts

7 StoriesBuilt in 1925

Location

Listing Courtesy of Compass, Andrew Liberty, DRE #01965696; Secret HQ, Inc, Lek Adjchavanich, DRE #01963614
Add your commute

Building Information for 1850 Industrial Street, Unit 506

Building/ComplexBiscuit Company LoftsFloor5Stories7Residences-Pet Policy-Year Built1925

Payment Calculator

$5,916 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,775

Property Taxes

$249

HOA Dues

$892

The Payment Calculator is for illustrative purposes only.

Property Information for 1850 Industrial Street, Unit 506

Community / Development
Community / Development
  • HOA Amount: $892
  • HOA: Yes
  • Complex Name: Biscuit Company Lofts
  • Number Of Units: 104
  • Pets Allowed: Yes
  • Amenities: Assoc Barbecue, Sun Deck, Elevator, Security, Fitness Center, Fire Pit, Outdoor Cooking Area
  • Association Amenities: Security, Fire Pit, Outdoor Cooking Area
  • High Mid Rise Amenities: Service Elevator, Passenger Elevator, Reception Desk
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Co-op, Loft, Attached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Unit Floor In Building: 5
  • Unit Number: 506
  • View: Yes
  • View Description: Bridge, City, City Lights
  • View: Bridge(s), City Lights
  • Planned Urban Dev: 0
  • Entry Floor Number: 5
  • Security Features: Community, Carbon Monoxide Detector(s), Smoke Detector
  • Water: In Street
  • Sewer: In Street
Contract Info
Contract Info
  • Lease Considered: No
  • Available For Lease: No
  • Lease Option: false
  • Financing: Conventional
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Other
  • Lot Acreage: 0.7261
  • Lot Size Square Feet: 31630
Parking Details
Parking Details
  • Parking Garage: Carport, Gated
  • Total Parking: 0
  • Covered Parking: 1
  • Parking Features: Carport, Gated
Interior Features
Interior Features
  • Room Type: Loft
  • Rooms: Loft
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Furnished: Unfurnished
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Wood
  • Equipment: Dishwasher, Dryer, Microwave, Washer, Range/Oven
  • Interior Features: Beamed Ceiling(s), Brick Walls, Open Floor Plan, High Ceilings (9 Feet+)
  • Kitchen Features: Counter Top
  • Bathroom Features: Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Oven, Range, Microwave
  • Laundry: In Unit
  • TV Services: TV Satellite Dish, Cable TV
Exterior Features
Exterior Features
  • Pool: Yes
  • Private Pool: No
  • Pool Description: In Ground, Association Pool, Salt/Saline
  • Pool Features: In Ground, Association, Salt Water
  • Sprinklers: Sprinkler System
  • Entry Location: Elevator
  • New Construction: No
  • Construction Materials: Brick
  • Exterior Construction: Brick
  • Other Structural Features: High Ceilings (9 Feet+), Historical
Lease Terms
Lease Terms
  • Entry Date: 05-08-2024
  • Listing Terms: Take Property As Is

Property History for 1850 Industrial Street, Unit 506

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1850 Industrial Street, Unit 506

Taxable ValueLand$55,200Additions$220,800Total$276,000
Tax Record2023$2,987 ($249 / month)
Home Facts
Beds0Total Finished SqFt1,147 SqFtAbove Grade Finished SqFt1,147 SqFtLot Size31,720 SqFtStyleCondominiumYear Built1925ZoningLAM3CountyLOS ANGELESAPN5164-021-080

Schools near 1850 Industrial Street, Unit 506

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ninth Street School
PublicK to 5

Hollenbeck Middle School
Public6 to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1850 Industrial Street, Unit 506 is a condo for sale in Los Angeles, CA 90021. This property was listed for sale on May 8, 2024 by Compass, it's currently listed at $875,000. It has been on the market for a total of 26 days and was last sold on November 13, 2009. This listing's school district is Los Angeles Unified School District. Nearby schools include Ninth Street School, Hollenbeck Middle School and Theodore Roosevelt Senior High. 1850 Industrial Street, Unit 506 is a 0-bed, 1-bath, 1,147 sqft condo built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Andrew Liberty, DRE #01965696; Secret HQ, Inc, Lek Adjchavanich, DRE #01963614

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.