253 S Broadway Unit 504, Los Angeles, CA 90012

Property Description

Seller is very motivated to sell! A rare opportunity to own a piece of Los Angeles history. Welcome to one of Downtown Los Angeles' most unique residences, a one-of-a-kind, two-story corner penthouse with a private rooftop terrace in the historic Pan American Lofts. Offered for the first time in 15 years, this rare residence features soaring 17-foot ceilings, nine oversized east- and south-facing windows, a distinctive fire escape, and unobstructed views down Broadway, including direct views of the iconic Bradbury Building and Million Dollar Theatre. The residence also benefits from the highly sought-after Mills Act, offering approximately 70% savings on property taxes. The HOA further enhances the value, covering nearly all utilities, including water, gas, internet, premium cable, and sewer, with electricity as the only utility paid separately by the owner. A dramatic spiral staircase leads to the lofted bedroom and your own private rooftop retreat, where panoramic city and mountain views create the perfect setting for entertaining, relaxing, grilling, or rooftop gardening. The unit includes a deeded subterranean parking space conveniently positioned near the elevator and building amenities include a central courtyard for dining and lounging. Ideally located in the heart of Downtown's Historic Core, directly across from Grand Central Market and the Historic Broadway Metro Station, you can enjoy easy access to Little Tokyo, the Financial District, and some of DTLA's best dining, shopping, and entertainment. The 40-unit Pan American Lofts is a meticulously maintained building and a true gem in the heart of DTLA's Historic Core.