Stunning one bedroom loft style apartment in the extraordinary Rowan building located in the historic core of downtown Los Angeles. Built in 1912 and extensively renovated in 2008, the Rowan has retained the Beaux Arts architectural features and earned Mills Act status, allowing an automatic savings on property taxes of up to 70%. The interior features dark hardwood flooring, exposed brick walls, Scavolini kitchen cabinetry, central air and heat, washer/dryer, designer stainless steel appliances and magnificent oversized mahogany framed windows that showcase awesome west facing views of the Los Angeles city skyline and a park below. 24 Hour front desk concierge/security, second floor lounge and outdoor barbecue/picnic area with hot and cold plunge pools are among the amenities included. If you love the energy of a city and the convenience of being close to everything, then 403 in the Rowan is for you.
CondoProperty Type
1912Year Built
0.71 acresLot Size
$609Est. Price/Sq.Ft.
1 spaceParking
Listed by Lucky James Scoles•DRE #01353719• Lucky James Scoles
•323-854-5814 (agent)
•luckyscoles@verizon.net (agent)
Bought with Randelle Green•DRE #01979673• The RandelleGreen Group
Stunning one bedroom loft style apartment in the extraordinary Rowan building located in the historic core of downtown Los Angeles. Built in 1912 and extensively renovated in 2008, the Rowan has retained the Beaux Arts architectural features and earned Mills Act status, allowing an automatic savings on property taxes of up to 70%. The interior features dark hardwood flooring, exposed brick walls, Scavolini kitchen cabinetry, central air and heat, washer/dryer, designer stainless steel appliances and magnificent oversized mahogany framed windows that showcase awesome west facing views of the Los Angeles city skyline and a park below. 24 Hour front desk concierge/security, second floor lounge and outdoor barbecue/picnic area with hot and cold plunge pools are among the amenities included. If you love the energy of a city and the convenience of being close to everything, then 403 in the Rowan is for you.
TheMLS #19-517070
Nov 20, 2019
Sold
$584,000
$823/sq ft
Nov 7, 2019
Pending
—
Oct 26, 2019
Contingent
—
Oct 3, 2019
Listed
$599,500
$844/sq ft
Public Records
May 13, 2011
Sold
$330,000
$465/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,920 (+1.2%)
$24,800 + $99,200
$124,000
2024
$1,898 (+1.2%)
$24,800 + $99,200
$124,000
2023
$1,876 (+3.9%)
$24,800 + $99,200
$124,000
2022
$1,806 (−30.7%)
$24,800 + $99,200
$124,000
2021
$2,607 (−1.5%)
$24,800 + $99,200
$124,000
2020
$2,647 (+2.4%)
$38,600 + $154,400
$193,000
2019
$2,585 (+3.5%)
$38,600 + $154,400
$193,000
2018
$2,497 (+3.3%)
$36,600 + $146,400
$183,000
2017
$2,417 (+93.2%)
$36,000 + $144,000
$180,000
2016
$1,251 (+0.8%)
$36,000 + $144,000
$180,000
2015
$1,241 (−33.3%)
$16,800 + $67,200
$84,000
2014
$1,860 (+41.9%)
$16,800 + $67,200
$84,000
2012
$1,311 (+8.5%)
$16,800 + $67,200
$84,000
2011
$1,208 (−1.5%)
$16,800 + $67,200
$84,000
2010
$1,227 (+70.9%)
$16,800 + $67,200
$84,000
2009
$718 (−4.3%)
$16,800 + $67,200
$84,000
2008
$750
$25,801 + $13,837
$39,638
Tax history for 460 S Spring St #403
Year
Property tax
Land + Additions
Assessment*
2025
$1,920 (+1.2%)
$24,800 + $99,200
$124,000
2024
$1,898 (+1.2%)
$24,800 + $99,200
$124,000
2023
$1,876 (+3.9%)
$24,800 + $99,200
$124,000
2022
$1,806 (−30.7%)
$24,800 + $99,200
$124,000
2021
$2,607 (−1.5%)
$24,800 + $99,200
$124,000
2020
$2,647 (+2.4%)
$38,600 + $154,400
$193,000
2019
$2,585 (+3.5%)
$38,600 + $154,400
$193,000
2018
$2,497 (+3.3%)
$36,600 + $146,400
$183,000
2017
$2,417 (+93.2%)
$36,000 + $144,000
$180,000
2016
$1,251 (+0.8%)
$36,000 + $144,000
$180,000
2015
$1,241 (−33.3%)
$16,800 + $67,200
$84,000
2014
$1,860 (+41.9%)
$16,800 + $67,200
$84,000
2012
$1,311 (+8.5%)
$16,800 + $67,200
$84,000
2011
$1,208 (−1.5%)
$16,800 + $67,200
$84,000
2010
$1,227 (+70.9%)
$16,800 + $67,200
$84,000
2009
$718 (−4.3%)
$16,800 + $67,200
$84,000
2008
$750
$25,801 + $13,837
$39,638
*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,...