Description
FANTASTIC INVESTOR OPPORTUNITY. Welcome to the Eastern Columbia Lofts, a historic and iconic building and one of the finest examples of Art Deco architecture - fondly referred to as the "jewel of downtown." This stunning open plan live/work loft is a rare MILLS ACT property, which means you get to enjoy up to 70% property tax savings. Step inside, and you'll be greeted by the dramatic 14-feet ceilings found only in a few units, original polished concrete floors, and restored iron windows that flood the space with natural south-facing light. The layout offers flexibility with its L-shape design, making it easy to set up two bedrooms or office spaces at opposite ends, depending on your needs. The central kitchen comes with stainless steel appliances and ample pantry storage, while the open plan layout is perfect for entertaining. The spacious bathroom features a lovely Kelly Wearstler-designed soaking tub and vanity, along with a laundry closet equipped with a newer W/D and additional linen storage. This loft also offers upgraded features such as Nest WIFI-controlled central Heat/AC, generous-sized bedroom closet, motorized custom window shades, dimmable lights and 1 underground assigned, covered parking space with EV CHARGER. The Eastern Columbia Lofts is renowned for its fabulous amenities, including a rooftop pool deck with a hot tub and outdoor fireplace, a rooftop gym, and 24/7 front desk reception. There's also a welcoming lobby lounge and courtyard with a dog run. Located in the hip south end of Broadway, you'll be close to the best of downtown LA. Just blocks to the all the best eateries, night life, Whole Foods, Ace Hotel, Apple store, Crypto Area, The Bloc, Grand Central Market, museums and galleries, Hoxton, Zinque, Proper Hotel, Verve, IL Caffe, Paul Smith, Mykita, Fashion District, and more. The building's facade is currently being restored to maintain its historic integrity, which will only add more value to this fantastic landmark. Don't miss this unique opportunity to own a piece of history and enjoy the vibrant downtown lifestyle at Eastern Columbia Lofts! TENANT OCCUPIED UNTIL FEB 2024 W/ TENANTS PAYING ABOVE MARKET RENTS.
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1BEDS
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0.52ACRES
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1BATHS
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01/2 BATHS
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1,110SQFT
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$739$/SQFT
School Ratings & Info
Description
FANTASTIC INVESTOR OPPORTUNITY. Welcome to the Eastern Columbia Lofts, a historic and iconic building and one of the finest examples of Art Deco architecture - fondly referred to as the "jewel of downtown." This stunning open plan live/work loft is a rare MILLS ACT property, which means you get to enjoy up to 70% property tax savings. Step inside, and you'll be greeted by the dramatic 14-feet ceilings found only in a few units, original polished concrete floors, and restored iron windows that flood the space with natural south-facing light. The layout offers flexibility with its L-shape design, making it easy to set up two bedrooms or office spaces at opposite ends, depending on your needs. The central kitchen comes with stainless steel appliances and ample pantry storage, while the open plan layout is perfect for entertaining. The spacious bathroom features a lovely Kelly Wearstler-designed soaking tub and vanity, along with a laundry closet equipped with a newer W/D and additional linen storage. This loft also offers upgraded features such as Nest WIFI-controlled central Heat/AC, generous-sized bedroom closet, motorized custom window shades, dimmable lights and 1 underground assigned, covered parking space with EV CHARGER. The Eastern Columbia Lofts is renowned for its fabulous amenities, including a rooftop pool deck with a hot tub and outdoor fireplace, a rooftop gym, and 24/7 front desk reception. There's also a welcoming lobby lounge and courtyard with a dog run. Located in the hip south end of Broadway, you'll be close to the best of downtown LA. Just blocks to the all the best eateries, night life, Whole Foods, Ace Hotel, Apple store, Crypto Area, The Bloc, Grand Central Market, museums and galleries, Hoxton, Zinque, Proper Hotel, Verve, IL Caffe, Paul Smith, Mykita, Fashion District, and more. The building's facade is currently being restored to maintain its historic integrity, which will only add more value to this fantastic landmark. Don't miss this unique opportunity to own a piece of history and enjoy the vibrant downtown lifestyle at Eastern Columbia Lofts! TENANT OCCUPIED UNTIL FEB 2024 W/ TENANTS PAYING ABOVE MARKET RENTS.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T00:27:29.187. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.