Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveCondominium

460 S Spring Street 201

Los Angeles, CA, 90013

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$875,000

MLS: 26660667

Beds

1

Baths

1

Sq Ft

720

Lot

0.71 ac

Year Built

1912

MLS #

26660667

Days on Market

8

Listed

Mar 6, 2026

Description

Located in the sought-after Historic Core district of Downtown LA, this meticulously reimagined residence at The Rowan is a rare offering that artfully blends timeless architecture with modern sophistication. Inside, soaring 12-foot ceilings and expansive floor-to-ceiling windows flood the space with natural light, highlighting the stunning solid white oak chevron flooring, setting the tone for its sleek, minimalist aesthetic. The open-concept living area flows seamlessly into a chef's kitchen, complete with a waterfall quartzite island, premium stainless steel Bertazzoni appliances, a Sub-Zero refrigerator and wine fridge, and bespoke cabinetry throughout. Thoughtfully designed, the home features a true one-bedroom layout with generous wall space - ideal for art collectors and design enthusiasts. Clean, refined details include trimless flush Bocci outlets, discreet air vents, and two custom walk-in closets that blend seamlessly into the walls. One of the home's most desirable features is its rare, oversized private patio - perfect for relaxing or entertaining in style. As a resident of The Rowan, you'll enjoy access to a suite of premium amenities: 24-hour front desk and reception, resident lounge with event space and Wi-Fi, hot and cold plunge pools, outdoor BBQ and dining areas, a private dog run, and exceptional property tax savings under the Mills Act program. Parking and extra storage are also available for rent. Situated in the heart of Downtown LA, The Rowan offers unmatched access to the city's top dining, shopping, entertainment, and cultural landmarks. From nearby art galleries and trendy boutiques to the vibrant pulse of downtown living, this is a lifestyle opportunity unlike any other.

Location

Los Angeles, Los Angeles County, CA 90013

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Listed by: Heather Bell · The Agency

Payment estimate

$6,378

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $87,500 · Loan: $787,500

%
Principal & Interest
$4,839
Property tax (1.25%)
$911
Homeowners insurance
$300
Mortgage insurance
$328
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $30,625 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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