Cozy well appointed studio at the Rowan Lofts, overlooking Spring Park. The building is one of the gems of the Historic Core and enjoys the Mills Act which translates to about 70% of savings in your property taxes. The loft features exposed brick walls with amazing Mahogany windows allowing for plenty of light. The loft features Scavolini custom made kitchen cabinets and Bosch range and dishwasher. Sold before processing.
CondoProperty Type
1912Year Built
0.71 acresLot Size
$678Est. Price/Sq.Ft.
Listed by Roxanna Godinez•DRE #01137955• Loftway
•213-706-9016 (agent)
•roxanna.godinez@compass.com (agent)
Bought with Roxanna Godinez•DRE #01137955• Loftway
This beautifully appointed third-floor studio in the historic Rowan Lofts offers an open floor-plan that maximizes space and functionality. Exposed brick, 10’ ceilings and four nearly full-height mahogany windows create a light-filled atmosphere that frames the city while providing the best of loft living. Interior features include Scavolini kitchen cabinetry, Casear Stone countertops and Bosch range; the spacious full bath has marble counters and a laundry area with stacked Bosch washer-dryer. The unit overlooks gated Spring Street Park, with views to the Iconic Library Tower. Experience the vibrant, downtown LA renaissance from one of the most sought-after addresses in the Old Bank District. Architect John Parkinson’s Beaux Art landmark underwent a $25 million adaptive re-use in 2008 that preserved the building’s outstanding architectural details, adding top-of the line modern features, including 24/7 guarded lobby entrance, security gates, 2nd-floor lounge, lush landscaping, two plunge pools, two BBQs, picnic area, and dog run. The Rowan is a registered historic landmark granted property tax reduction (est. 65-85%) through the Mills Act. Turn-Key; Furnishings and equipment included, except as noted below.
Year
Property tax
Land + Additions
Assessment*
2025
$1,251 (+1.2%)
$16,000 + $64,000
$80,000
2024
$1,236 (+1.0%)
$16,000 + $64,000
$80,000
2023
$1,224 (+3.8%)
$16,000 + $64,000
$80,000
2022
$1,179 (−26.6%)
$16,000 + $64,000
$80,000
2021
$1,606 (−2.2%)
$16,000 + $64,000
$80,000
2020
$1,642 (−2.6%)
$23,400 + $93,600
$117,000
2019
$1,686 (+3.8%)
$23,600 + $94,400
$118,000
2018
$1,623 (+2.6%)
$23,600 + $94,400
$118,000
2017
$1,583 (+91.0%)
$23,400 + $93,600
$117,000
2016
$829 (+0.7%)
$23,400 + $93,600
$117,000
2015
$823 (−3.1%)
$11,000 + $44,000
$55,000
2014
$849 (−2.5%)
$11,000 + $44,000
$55,000
2012
$870 (+12.6%)
$11,000 + $44,000
$55,000
2011
$773 (−11.7%)
$11,000 + $44,000
$55,000
2010
$876 (+82.2%)
$11,000 + $44,000
$55,000
2009
$481 (−9.8%)
$11,000 + $44,000
$55,000
2008
$533
$16,750 + $8,947
$25,697
Tax history for 460 S Spring St #305
Year
Property tax
Land + Additions
Assessment*
2025
$1,251 (+1.2%)
$16,000 + $64,000
$80,000
2024
$1,236 (+1.0%)
$16,000 + $64,000
$80,000
2023
$1,224 (+3.8%)
$16,000 + $64,000
$80,000
2022
$1,179 (−26.6%)
$16,000 + $64,000
$80,000
2021
$1,606 (−2.2%)
$16,000 + $64,000
$80,000
2020
$1,642 (−2.6%)
$23,400 + $93,600
$117,000
2019
$1,686 (+3.8%)
$23,600 + $94,400
$118,000
2018
$1,623 (+2.6%)
$23,600 + $94,400
$118,000
2017
$1,583 (+91.0%)
$23,400 + $93,600
$117,000
2016
$829 (+0.7%)
$23,400 + $93,600
$117,000
2015
$823 (−3.1%)
$11,000 + $44,000
$55,000
2014
$849 (−2.5%)
$11,000 + $44,000
$55,000
2012
$870 (+12.6%)
$11,000 + $44,000
$55,000
2011
$773 (−11.7%)
$11,000 + $44,000
$55,000
2010
$876 (+82.2%)
$11,000 + $44,000
$55,000
2009
$481 (−9.8%)
$11,000 + $44,000
$55,000
2008
$533
$16,750 + $8,947
$25,697
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Amenities: Association Barbecue, Association Maintains Landscape, Association Pet Rules, Clubhouse, Controlled Access, Elevator, Extra Storage, Gated Parking, Hot Water, Onsite Property Management, Spa
Fee #1: $394
AssociationPetRules: Yes
Community Information
# of Units in Complex (Total): 206
Location Information
Unit Floor In Building: 3
Complex Name: Rowan Lofts
Directions: West of Main Street, East of Broadway, North of 5th Street, South of 4th Street. Google Maps
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 460
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: 1912
Year Renovated: 1985
County: Los Angeles County
APN: 5149023048
Home facts updated by county records on Oct 8, 2026
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