Sold: A Condo At El Dorado Lofts, DTLA

Sold: A Condo At El Dorado Lofts, DTLA

Rising 12 stories high along the Historic Core District at 416 S. Spring Street — amidst the bustle of any monthly Downtown L.A. Art Walk and the tree-lined stretch between 4th & 5th — is the statuesque El Dorado Lofts.

Built in 1914 as Hotel Stowell (then named El Dorado Hotel in 1938), real estate tycoon Goodwin Gau has outfitted 65 residences with a Craftsman-style aesthetic.  The developer behind Hollywood’s Roosevelt Hotel brings an understated elegance to the historic building’s brick and ornamental plaster exterior.

Inside, each unit is equipped with features befitting any urbanite, namely Bosch appliances, Snaidero Italian cabinets throughout, an in-unit laundry area, pre-wired surround sound speakers and, my favorites, plenty of practical closet space and a stylish fire escape-styled balcony for natural light.

A deep soaking tub and black granite countertops complete the bathroom.

And, the 0.7-acres of open space adjacent to El Dorado Lofts?

A great green addition is anticipated for August 2012: Spring Street Park.

The parcel of land will soon house drought-tolerant landscaping, smart irrigation, walking paths, art displays, and a water feature for all those who care for more greenery along the Historic Core.

El Dorado Loft Sale


416 S. Spring Street #810

Sold Price: $269,000

858 square feet

Colleen Lakshin, of Builder Intelligence Group, Inc., represents the Seller.  Jovelle Narcise, of Keller Williams Realty – Los Feliz, represented the Buyer.

All units at El Dorado have been sold, with the exception of 2.  A penthouse, complete with a private rooftop and sweeping views of Downtown, is listed at $699,900, while a separate unit is available for $259,900.

For additional information, please contact Jovelle Narcise at (213) 718-1110.

About Jovelle Schaffer

Echo Park native and real estate agent who loves to cook, imbibe, and write about Los Angeles real estate, community, revitalization.