REDUCED AND READY TO SELL! This property falls under the Mills Act, offering property tax savings of 30% to 70%. Perfectly situated in one of the most desirable pockets of DTLA, this spacious 2 bedroom, 2 bathroom residence offers approximately 1,300 square feet of comfortable living, with dining, shopping, and entertainment just steps from your front door. Filled with natural light, the home features two private balconies overlooking the park next door, creating an ideal indoor outdoor connection. For added comfort and flexibility, automatic blackout shades are installed in both the primary bedroom and living room. Interior highlights include an updated kitchen, upgraded flooring, and custom built ins throughout the living and dining areas, blending character with modern convenience. Additional features include a new in-unit washer and dryer, multiple built in A/C split units, and exceptional storage, a rare find in condo living, with more than five closets thoughtfully distributed throughout the home. Priced to sell, this home delivers space, charm, and practicality in one of LA's most dynamic neighborhoods.
Gallery Row, located between Broadway and Alameda Street, is a arts district and loft-style Los Angeles neighborhood with converted warehouses and a street-art-lined streetscape. The neighborhood’s pulse concentrates around 3rd Street and S. Santa Fe Avenue, where galleries, design studios, coffee counters, and late-night eateries cluster under old brick facades. Hauser & Wirth anchors the area with museum-scale exhibitions and a courtyard feel. The Geffen Contemporary at MOCA adds industrial-scale art in a former police-car warehouse. The Arts District Brewing Company brings a casual taproom scene into the mix. Sidewalk murals, roll-up doors, and repurposed loading docks shape a walkable, gallery-hopping rhythm.
Provided by Walk Score and Local Logic
Offer insights
416 S Spring St #609 · $719,995
$720K and above
75% chance or better to win
Why $720K+ is a strong offer
DAYS ON MARKET
68 days
The average home goes pending in 72 days.
SALE-TO-LIST
98.1%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Bathroom
Bedroom
Living
Dining
Interior features
Furnished or unfurnished
Murphy bed in guest room
Media unit in the living room
Built-in bar area in the dining area
Den/Office
Dining area
Living room
Patio (open)
Walk-in closet
Bedrooms
Guest room with Murphy bed
Bathrooms
2 full bathrooms
Kitchen
Dishwasher
Range/Oven
Microwave
Refrigerator
Freezer
Garbage disposal
Hood fan
Laundry & utility
Washer
Dryer
Stackable washer/dryer hookup
Laundry in unit (stacked in closet)
Heating & cooling
Central heating
Air conditioning
Multi-zone cooling
Wall unit cooling
Exterior features
City view
Open patio
Home design
Residential condominium (attached)
One level
Faces south
Entry on 6th floor
Parking
No garage
Security
Card/code access
Gated community
Construction
Updated/remodeled
Utilities
Elevator
HOA & community
Monthly HOA dues
HOA amenities include gated community and elevator
Association allows pets
Complex has 69 units
Complex name: El Dorado
Electricity and solar
View estimated energy costs and solar savings for this home
An urban sanctuary and a piece of living history in DTLA! Originally built in 1914 as a hotel in the Old Bank District, the El Dorado Lofts were elegantly repurposed into a perfect blend of classical architecture and modern living in 2010. This architecturally significant building is registered as a Historic Cultural Monument with Mills Act Status providing approx. 60%-70% property tax benefits for the new owner. Unit #609 is a large and bright home with 2BD/2BA overlooking Spring Street Park. Two private balconies. Custom marble kitchen island, shelving installations by a local artist, and ample storage space. Perfect urban city views. Large closet space/pantry, in unit laundry, and 24/7 security attendant. A great walkscore with easy access to the upcoming Trust Building, Cambria Hotel, Citizen M Hotel. Steps from La Petit, Bar Ama, Grand Central Market, and the Metro Rail. Located in a community of art, culture, and entertainment. The best of DTLA!
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,...