416 S Spring St

El Dorado Lofts is a 12-story, early 20th-century landmark originally constructed as the Hotel Stowell in 1914 and later converted to residential lofts. The facade features turn-of-the-century terracotta and glazed brick, while the interiors preserve industrial-historic details such as exposed concrete beams and high ceilings alongside contemporary finishes. The building contains about 65 private residences composed primarily of one- and two-bedroom lofts and studios, many with balconies or step-out terraces and expansive city views. Individual homes emphasize open plans, hardwood floors, recessed lighting, granite counters, Snaidero Italian cabinetry, stainless-steel Bosch appliances, in-unit laundry hookups, multiple closets and walk-in storage, and several units retain original accoutrements like a restored wooden bank door. Common features include a staffed lobby with security, onsite restaurant and bar spaces at ground and basement levels, and access to adjacent reserved garage parking (monthly fee). Mills Act designation and National Register of Historic Places listing factor into ownership, providing substantial tax benefits while imposing preservation-minded maintenance. Located on Spring Street in Downtown Los Angeles’ Historic Core, the property places residents within immediate walking distance of Grand Central Market, theaters, museums, galleries, parks, transit, restaurants and other central-city amenities.