Real Estate News
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.
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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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.