738 S Los Angeles St #707, Los Angeles, CA 90014

Description

Penthouse: Iconic DTLA Loft with Mills Act Tax Benefits! Heated rooftop pool, three hot tubs, golf cage, basketball court, market, food court, private shuttle, full gym and 24-hour staff, all in a historic luxury community under $500K.Welcome to your private club in the sky. Perched in the Eckardt Building at Santee Village, a 1914 Historic-Cultural Landmark converted to loft residences in 2007, this rare penthouse blends vintage character with elevated DTLA living. The approximately 860-square-foot loft features soaring ceilings estimated at 14 feet, a frosted skylight, exposed concrete and beams, built-in electric fireplace, smart-access electronic lock and wiring for a Nest-compatible thermostat. Upgrades include a French-door refrigerator, designer lighting and sliding space-saving closet doors. Optional furnishings are available. The property currently benefits from Mills Act property tax savings, making this a distinctive opportunity for buyers seeking a pied--terre, lock-and-leave residence, stylish primary home or long-term rental investment. Santee Village offers an extensive collection of amenities, including a heated rooftop pool, multiple hot tubs, an additional spa deck for Eckardt and Cornell owners, basketball court, golf cage, fitness center, BBQ areas, lounge decks, Santee Market and food court, package and key storage, on-site management and handyman services, guest parking, and an off-site parking space with evening shuttle service. HOA dues cover most utilities, excluding electricity. Enjoy neighborhood favorites including Holy Basil, Poppy + Rose, Zinqu, Civil Coffee, Alma at The Grove, Whole Foods, Ralphs and Jalsah Yemeni Coffee, with an Erewhon location planned nearby for 2027 at 940 S Hill. With a Walk Score of 98, the property offers convenient access to Downtown Los Angeles dining, shopping, entertainment and transit. A distinctive opportunity to own a historic DTLA penthouse with architectural character, extensive amenities and Mills Act tax benefits at a price below $500,000. All information is deemed reliable but not guaranteed. Buyer is advised to independently verify square footage, Mills Act status and requirements, furnishings, amenities, parking, HOA rules and dues, and all other property information. Broker and agent make no representations or warranties regarding continued eligibility, transferability, reapplication requirements or enforcement of governmental or HOA policies.