The El Dorado Lofts are one of Los Angeles's most iconic buildings, reborn into a hub for modern Live/Work residences. This condo features a modern kitchen with a large island, designer cabinets, all stainless steel appliances, walk-in closets in each bedroom, and floor-to-ceiling windows leading to two large balconies with expansive city views. Both bedrooms are fully enclosed, which is a rare find in DTLA. Mills Act approved buildings with reduced property taxes. The location is perfect for the minded urbanist, located within a distance of Grand Central Market, The Music Center Theatres, Art galleries, Museums, and Grand Park.
CondoProperty Type
1914Year Built
10,337 sq ftLot Size
$437Est. Price/Sq.Ft.
1 spaceParking
Listed by Christiano Sampaio•DRE #01412928• Loftway
•213-254-5638 (agent)
•chris@loftway.com (agent)
Bought with Ryan Sokolowski•DRE #01859461• Berkshire Hathaway HomeServices California Propert
Located in the center of DTLA's Historic Core, El Dorado Lofts offer the exclusivity of only 65 private residences filled with rich history and stylish, high quality finishes. Unit 409 is a beautiful 2-bedroom loft with 2 full bathrooms at approximately 1,394 square feet, per Builder. This loft includes built-in stainless steel Bosch appliances, Snaidero Italian cabinets, granite countertops, added island w/ additional storage, under-cabinet lighting, Franke stainless steel dual-basin kitchen sink, deep soaking tubs, ventless washer/dryer, pre-wired for speakers and surround sound, huge walk-in closet, coat closet and linen closet with built-in shelves(storage galore for a loft) and TWO walk-out balconies with stunning views of historic Spring St and Spring St Park. Plus, Mills Act approved, for huge tax savings.
Year
Property tax
Land + Additions
Assessment*
2025
$2,600 (−27.7%)
$48,200 + $192,800
$241,000
2024
$3,597 (+35.4%)
$48,200 + $192,800
$241,000
2023
$2,656 (−22.4%)
$48,200 + $192,800
$241,000
2022
$3,424 (+0.4%)
$48,200 + $192,800
$241,000
2021
$3,412 (−1.3%)
$48,200 + $192,800
$241,000
2020
$3,457 (+6.6%)
$48,200 + $192,800
$241,000
2019
$3,244 (−12.1%)
$53,000 + $212,000
$265,000
2018
$3,692 (−24.9%)
$53,000 + $212,000
$265,000
2017
$4,916 (+47.3%)
$74,800 + $299,200
$374,000
2016
$3,338 (+3.1%)
$74,800 + $299,200
$374,000
2015
$3,239 (−2.2%)
$49,000 + $196,000
$245,000
2014
$3,313 (−48.4%)
$209,024 + $284,796
$493,820
2012
$6,422 (+3.4%)
$208,080 + $283,509
$491,589
2011
$6,211 (+332.3%)
$204,000 + $277,950
$481,950
2010
$1,437 (+4.0%)
$200,000 + $272,500
$472,500
2009
$1,381
$21,607 + $59,376
$80,983
2008
$21,659 + $59,518
$81,177
Tax history for 416 S Spring St #409
Year
Property tax
Land + Additions
Assessment*
2025
$2,600 (−27.7%)
$48,200 + $192,800
$241,000
2024
$3,597 (+35.4%)
$48,200 + $192,800
$241,000
2023
$2,656 (−22.4%)
$48,200 + $192,800
$241,000
2022
$3,424 (+0.4%)
$48,200 + $192,800
$241,000
2021
$3,412 (−1.3%)
$48,200 + $192,800
$241,000
2020
$3,457 (+6.6%)
$48,200 + $192,800
$241,000
2019
$3,244 (−12.1%)
$53,000 + $212,000
$265,000
2018
$3,692 (−24.9%)
$53,000 + $212,000
$265,000
2017
$4,916 (+47.3%)
$74,800 + $299,200
$374,000
2016
$3,338 (+3.1%)
$74,800 + $299,200
$374,000
2015
$3,239 (−2.2%)
$49,000 + $196,000
$245,000
2014
$3,313 (−48.4%)
$209,024 + $284,796
$493,820
2012
$6,422 (+3.4%)
$208,080 + $283,509
$491,589
2011
$6,211 (+332.3%)
$204,000 + $277,950
$481,950
2010
$1,437 (+4.0%)
$200,000 + $272,500
$472,500
2009
$1,381
$21,607 + $59,376
$80,983
2008
$21,659 + $59,518
$81,177
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...