In the heart of Downtown LA's happening Old Bank District, this well-appointed loft at the historic Rowan delivers Art Deco glamour and stunning 7th-floor views. The expansive, versatile layout is a showcase of gorgeous design including wood flooring, exposed brick, high ceilings and huge windows bringing showers of sunlight. Translucent cabinetry and stainless Bosch appliances make the kitchen a focal point; two bedrooms on opposite sides of the residence are defined without compromising the space, an ideal setup for your life/work balance. Enjoy in-unit laundry and central heat+air. A registered historic landmark, The Rowan provides significant property tax savings via the Mills Act. Amenities include 24-hour security, controlled access and well-maintained community areas featuring a plunge pool, jacuzzi and multiple lounge areas. Grab coffee and provisions at the Grand Central Market or Whole Foods, and find a bevy of bars + restaurants including the opening-soon Citizen M Hotel.
Framed in natural light with views of downtown LA, unit 705 showcases The Rowan's architectural details like exposed brick walls and original picture windows. Built in 1912 and restored in 2008, this iconic loft residence features 2 bedrooms, 2 baths, 10' ceilings, Birch hardwood floors, modern Italian kitchen, Caesarstone countertops, Bosch stainless steel appliances and Toto bathroom fixtures. The Rowan is a landmark of timeless elegance offering an attended grand lobby, a residence lounge, an outdoor patio with BBQ grills and hot and cold spa. It's location within The Old BankDistrict places residents in the center of a progressive neighborhood offering an array of dining and entertainment choices. Adjacent is pet friendlySpring Street Park, a newer addition to this vibrant community. Homeowners enjoy an estimated 65-86% reduction in property taxes through the Mills Act.
Year
Property tax
Land + Additions
Assessment*
2025
$3,349 (+1.2%)
$43,452 + $173,808
$217,260
2024
$3,310 (+1.3%)
$43,452 + $173,808
$217,260
2023
$3,268 (+3.9%)
$43,452 + $173,808
$217,260
2022
$3,144 (−24.2%)
$43,452 + $173,808
$217,260
2021
$4,149 (−5.0%)
$43,452 + $173,808
$217,260
2020
$4,366 (+23.1%)
$62,200 + $248,800
$311,000
2019
$3,546 (−17.8%)
$64,800 + $259,200
$324,000
2018
$4,312 (+4.2%)
$64,800 + $259,200
$324,000
2017
$4,138 (+37.3%)
$63,200 + $252,800
$316,000
2016
$3,014 (+4.7%)
$63,200 + $252,800
$316,000
2015
$2,879 (+28.6%)
$45,000 + $180,000
$225,000
2014
$2,239 (−3.0%)
$30,000 + $120,000
$150,000
2012
$2,307 (+1.3%)
$30,000 + $120,000
$150,000
2011
$2,278 (−1.4%)
$30,000 + $120,000
$150,000
2010
$2,311 (+86.2%)
$30,000 + $120,000
$150,000
2009
$1,241 (+0.9%)
$30,000 + $120,000
$150,000
2008
$1,230
$45,777 + $24,657
$70,434
Tax history for 460 S Spring St #705
Year
Property tax
Land + Additions
Assessment*
2025
$3,349 (+1.2%)
$43,452 + $173,808
$217,260
2024
$3,310 (+1.3%)
$43,452 + $173,808
$217,260
2023
$3,268 (+3.9%)
$43,452 + $173,808
$217,260
2022
$3,144 (−24.2%)
$43,452 + $173,808
$217,260
2021
$4,149 (−5.0%)
$43,452 + $173,808
$217,260
2020
$4,366 (+23.1%)
$62,200 + $248,800
$311,000
2019
$3,546 (−17.8%)
$64,800 + $259,200
$324,000
2018
$4,312 (+4.2%)
$64,800 + $259,200
$324,000
2017
$4,138 (+37.3%)
$63,200 + $252,800
$316,000
2016
$3,014 (+4.7%)
$63,200 + $252,800
$316,000
2015
$2,879 (+28.6%)
$45,000 + $180,000
$225,000
2014
$2,239 (−3.0%)
$30,000 + $120,000
$150,000
2012
$2,307 (+1.3%)
$30,000 + $120,000
$150,000
2011
$2,278 (−1.4%)
$30,000 + $120,000
$150,000
2010
$2,311 (+86.2%)
$30,000 + $120,000
$150,000
2009
$1,241 (+0.9%)
$30,000 + $120,000
$150,000
2008
$1,230
$45,777 + $24,657
$70,434
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
2
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1985
Sq. Ft.
1,260
Year built
1912
Style
Condo/Co-op
County
Los Angeles County
APN
5149023120
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
Property details
Parking
Garage
Assigned
Parking
# of Parking Spaces (Total): 2
Interior
Virtual Tour
Bathroom Information
# of Baths (Full): 2
Laundry Information
Laundry in Closet, Laundry in Unit
Additional Rooms
Loft
Flooring Information
Hardwood Floors, Tile Floors
Equipment
Washer, Dryer, Microwave, Range/Oven, Garbage Disposal, Other
Heating & Cooling
Central Cooling
Central Heat
Exterior
Building Information
Total Floors: 13
Loft, Attached
Attached
Entry Floor Number: 7
Security Features: Gated Community with Guard
Pool Information
Community Pool
Property Information
Property Type: Residential Condo/Co-Op
Lot Information
Lot Size (Sq. Ft.): 30,787
Lot Size (Acres): 0.7068
Zoning: LAC4
Special Zoning: Other
Property Features
Has View
View: City
Financial
Assessment Information
Assessor Parcel Number: 5149-023-120
Location
HOA Information
Amenities: Association Barbecue, Fire Pit, Pool, Gated Community Guard
Fee #1: $752
Fee #1 Frequency: Monthly
AssociationPetRules: Yes
Community Information
# of Units in Complex (Total): 206
Location Information
Unit Floor In Building: 7
Complex Name: Rowan Lofts
Directions: Google Maps.
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,260
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: 1912
Year Renovated: 1985
County: Los Angeles County
APN: 5149023120
Home facts updated by county records on Oct 6, 2026
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,...