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The Mills Act can give a tremendous tax savings to owners of properties in the approved converted historic loft condominium buildings of Downtown Los Angeles and throughout the state of California.

Mills Act Tax Benefits on Historic Lofts

The tax law encourages the owners and developers of historic buildings to maintain the historic exterior appearance such as original facade and big window frames by giving up to about 2/3 off of annual property taxes. Here’s today’s list of Mills Act approved loft buildings Downtown Los Angeles by address:

108 W 2ND ST – Higgins Building
1850 INDUSTRIAL ST – Biscuit Company
215 W 7TH ST – Bartlett Building
257 S SPRING ST – Douglas Building
315 E 8TH ST – Textile Building
416 S SPRING ST – El Dorado Building
420 S SAN PEDRO ST – Little Tokyo Lofts
460 S SPRING ST – The Rowan Lofts Building
>> MORE

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LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Now that inventory of lofts for sale in Downtown Los Angeles is very low, buyers are trying hard to find genuine lofts — especially something really special like a huge industrial
live/work loft with bedroom doors and 2 bathrooms. The L.A. Loft Blog has just learned that a 2 bedroom 2 bathroom loft may be coming up for sale soon at the Textile building in the heart of the Fashion District of Downtown Los Angeles. At around 1,300 square feet, a gorgeous Downtown loft is truly a very rare offering. High ceilings with extra windows with views and natural light, polished concrete floors, washer and dryer in the unit, extra large bath tub and extra large walk-in closet. It comes with an underground parking space. The new owner will be able to enjoy all the amenities of Santee Village; swimming pool, hot tub, fitness center, basketball. Additionally, the building is a registered, historical property and qualifies for the Mills Act. Life downtown never felt so good.