The El Dorado Lofts For Sale In Downtown Los Angeles
416 S. Spring St. Los Angeles 90013
The Historic Core
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The El Dorado Lofts Background/History
It was 1914 when financier and capitalist N.W. Stowell put his last name on what would become one of the area's most popular destinations, The Hotel Stowell. The vision of original architect Fredick Noonan, home to Hollywood heavyweights like Charlie Chaplan, Marilyn Monroe and others would soon lay claim to permanate accomodations here. In 1938 the famed hotel was sold and the name was changed to The El Dorado Hotel, a name that would stick to this day. The lodge would keep it's hollywood connection for years to come. When downtown powerhouse developer Goodwin Gaw & Downtown Properties came along in 2007 making the purchase with intentions to re-imagine the property into 65 residential lofts combining contemporary finishes into the historic monument. The El Dorado lofts were born.
The El Dorado Loft Features
Today the building is highly sought after. The units offer sound atenuated ceilings. Snaidero Italian cabinetry's. Toto bathroom fixtures with Hans-Grohe pull out spray arm faucets. Granite countertops, stainless steel appliances. Soft-lofts offer low E glazed windows with some units boasting french and sliding glass doors leading out to large terraces and ornate balcony's. Dropped ceiling with massive exposed concrete beams and wall. The south facing lofts offer wonderful urban views down Spring Street.
The El Dorado Building Features
The 12 story stunner is really something to see and people come from all of the state to gaze at the opulance of the building. The highly stylized turn of the century edifice is covered in green glazed brick and bright colored enameled terra cotta. Impressive batchelder tiles lay over the facade creating a beautiful look and feel. A no frills building, no gym here, no roof-top amenity package, no pool and no underground parking. The star of this show is the building itself! Good security, a small lobby with affordable HOA due. The Historical Monument got it's offical label in 2015 when it was granted the Mills Act. Ground level offers french bistro Le Petit Paris and uber subterranean bar "The El Dorado" a drinking experience like no other.
The El Dorado (The Neighborhood)
Technically the property lies in the pocket neighborhood of The Old Bank District giving it access via it's back alley to urban casual pizza place, Vito's from Abbot-Kinney. Stroll to super restaurants Redbird, Barama, Baco Mercat, Kazu Nori and much more. The Grand Central Market is just a block west. Boutique hotel chains are boosting the popularity of the area with Citizen M. & Cambria making appearances in late 2020. New residential construction has come to the SE corner of Broadway & 4th with the 37 tower glass, steel giant Perla set to move in the latest owners by early 2021. The Old Bank District is bordered to the east by Little Tokyo and to the east by Bunker Hill. Come see for yourself.
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