253 S Broadway, Los Angeles CA 90013
Pan Am lofts is a very affordable historical building in a great area of downtown Los Angeles. Located at the corner of 3rd and Broadway, residents are just moments away from Walt Disney Concert Hall, Dorthy Chandlier Pavilion, Moca, Bunker Hill, Grand Central Market, Grand Park Tuesday farmers market, and the Finance District. Prices range from $300,000 to $500,000. HOA’s are in the low ~$400’s and cover most utilities: trash, water, cable, gas- electricity is excluded. Unit size varies 700-1,100 sqft. The building is five stories tall, 10 units on each floor.
The units have open floor plans, with updated kitchens, elevator, central heat and air, high cielings (12-17 feet), double pain windows, exposed brick, and in unit stacked washer dryers. Storage space can be a bit limited so bureaus or built ins can add storage. The East, South faces of the building have plenty of windows which let in a lot of natural light. The Beaux Arts architectural style and wrought iron steel fire escapes make a very appealing building facade.
The building is a courtyard style building which can really open up the feeling when walking in the hallways. At only 40 units, the building has a community atmosphere among residents. Owners enjoy tax saving benefits because Pan Am Lofts has Mills Act.
Some Condo’s have parking spaces and some do not. For the units with no parking, owners can rent a parking space in a nearby parking ramp for $80 to $100/mo.
Margaret Byrne Irvine, widow of James Irvine, commissioned the building. Built in 1895, this is the 2nd oldest building in Downtown Los Angeles and sat directly across the street from the old City Hall. The oldest building is the Bradbury building (built 1893) which sits directly across the street.
Designed by Sumner Hunt, the Pan Am Lofts was know as the Irvine Byrne Block and was the first Beaux Arts style building in downtown and inspired a trend of Beaux Art office buildings afterward.
There was a fire at Pan Am Lofts in 1911 and architecht Willis Pok was hired to repair the building after the fire.
Local iconic shop- Giant Penny Stores occupied the ground floor retail from the ’60s until 2004.
Pan Am lofts has Hollywood Cache. The main staircase in the lobby has been immortalized in many of Alfred Hitchcock’s movies.
Brad Pitt’s “Se7en”,”Fight Club”,”Blade Runner”, and numerous tv shows and commercials have filmed inside the historic building.
In 2004 Long Beach based developer Urban Pacific Builders completed a $20,000,000 renovation, condo conversion of the offices and transformed the Irvine Byrne building in Pan Am Lofts (Named Pan American lofts because of Pan American Petroleum?). A new roof was added, the garage ceiling was raised, new elevator, offices were changed into condos.
Pet Friendly: Yes
Live Work: No
Property Managed by: MERIT Property Management
Los Angeles Historic Cultural Monument No. 544