NOT LISTED FOR SALE

120 S Hewitt St Unit 12 Los Angeles, CA 90012

Downtown LA Neighborhood

Estimated Value: $706,000 - $790,000

1 Bed
1 Bath
936 Sq Ft
$436/mo HOA Fee

Last Sold December 07, 2021

Last sale price $760,000 $812 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,218/month

51 Days on Market

Highlights

  • Mountain View
  • 4-minute walk to Little Tokyo-Arts District
  • Loft
  • Felicitas and Gonzalo Mendez High Rated A-
  • Modern Architecture
  • Elevator

About This Home

As of December 2021

Once a warehouse in the 1920's, the Gallery Lofts have been transformed into a chic, architectural live/work space in one of downtowns most vibrant and dynamic neighborhoods. With soaring ceilings, oversized windows, and exposed brick walls, this spacious, light-filled unit inspires creativity from the moment you walk through the door. Perched above the living space, the mezzanine bedroom showcases distant city and mountain views and has a custom closet with lots of storage space. The modern kitchen has been elegantly designed with granite countertops, stainless steel appliances, ample cabinet space and a washer/dryer neatly tucked away. Located at the border of the Arts District and Little Tokyo, some of the best bars and restaurants in the city- Manuela, Bavel, Sushi Gen, Death & Co., and Angel City Brewery- are literally outside your door. For fans of contemporary art, Hauser & Wirth and the Geffen Contemporary at MOCA are just a short stroll away. One parking space is included and the HOA dues are low. If you're looking for an inspiring living space close to an exciting cultural center, this is the place for you.

Last Agent to Sell the Property

Chris Corkum

Compass License #01480053 Listed on: 09/15/2021

Compass

Co-Listed By

Lisa Brende

Compass License #01392940

Last Buyer's Agent

Elidia Padilla

RE/MAX TOP PRODUCERS License #01151635

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,999

Year Built

  • Built in 1948

Lot Details

  • 0.33

HOA Fees

  • $436 Monthly HOA Fees

Parking

  • 1 Open Parking Space

Home Design

  • Modern Architecture
  • Entry on the 2nd floor

Interior Spaces

  • 936 Sq Ft Home
  • Dining Area
  • Loft
  • Mountain Views

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5163-003-037

Community Details

Overview

  • 33 Units

Amenities

  • Elevator

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,999

Year Built

Built in 1948

Lot Details

0

HOA Fees

$436 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: Gallery Lofts
  • Entry Floor: 2
  • Living Area: 936
  • Lot Acreage: 0.3335
  • Planned Urban Dev: 0
  • Unit Floor In Building: 2
  • Year Built: 1948
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dryer, Washer, Refrigerator, Range/Oven, Garbage Disposal
  • Price Per S Q F T: 822.65

Exterior Features

  • Pool: No
  • View: Mountains
  • View: Yes

Garage/Parking

  • Other Spaces: 1
  • Parking Garage: Parking Space

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Association/Amenities

  • Amenities: Elevator
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 436.23
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5163-003-037
  • Lot Size Area: 14528

Multi Family

  • Number Of Units: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2018
Closed on
Jul 27, 2018
Sold by
Iftekaruddin Asra
Bought by
Sebens Charles
Seller's Agent
Joy Bolger
Compass
Buyer's Agent
Lisa Brende
Compass
List Price
$699,000
Sold Price
$750,000
Premium/Discount to List
$51,000
7.3%
Current Estimated Value
$754,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,548
Avg. Annual Appreciation
0.08%
Original Mortgage
$500,000
Outstanding Balance
$424,475
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$330,073

Purchase Details

Closed on
Nov 30, 2015
Sold by
Yoo Jonathan
Bought by
Iftekaruddin Asra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 21, 2012
Closed on
Dec 17, 2012
Sold by
Pathfinder Pacifica Hewitt Street Lofts
Bought by
Yoo Jonathan
Seller's Agent
Elizabeth Lande
Avenue 8, Inc.
Buyer's Agent
Ted Trentman
Realty Source Incorporated
List Price
$379,900
Sold Price
$385,000
Premium/Discount to List
$5,100
1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.38%
Original Mortgage
$308,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sebens Charles $750,000 Equity Title
Iftekaruddin Asra $575,000 Fatcola
Yoo Jonathan $385,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sebens Charles $500,000
Previous Owner Iftekaruddin Asra $417,000
Previous Owner Yoo Jonathan $308,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/07/2021 12/07/21 Sold $760,000 -1.3% $812 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
10/27/2021 10/27/21 Price Changed $770,000 -3.6% $823 / Sq Ft
09/15/2021 09/15/21 For Sale $799,000 +6.5% $854 / Sq Ft
08/06/2018 08/06/18 Sold $750,000 +7.3% $801 / Sq Ft View Prior Sale
07/05/2018 07/05/18 For Sale $699,000 +21.6% $747 / Sq Ft
02/16/2016 02/16/16 Sold $575,000 -4.0% $614 / Sq Ft View Prior Sale
08/10/2015 08/10/15 For Sale $599,000 0.0% $640 / Sq Ft
03/01/2013 03/01/13 Rented $2,200 -6.4% --
02/11/2013 02/11/13 Under Contract -- -- --
01/24/2013 01/24/13 For Rent $2,350 0.0% --
12/21/2012 12/21/12 Sold $385,000 -0.2% $376 / Sq Ft View Prior Sale
10/01/2012 10/01/12 Pending -- -- --
06/30/2012 06/30/12 Price Changed $385,900 +1.6% $377 / Sq Ft
05/21/2012 05/21/12 For Sale $379,900 -- $371 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,999 $806,517 $599,582 $206,935
2024 $9,640 $790,704 $587,826 $202,878
2023 $9,450 $775,200 $576,300 $198,900
2022 $9,003 $760,000 $565,000 $195,000
2021 $9,138 $772,925 $618,340 $154,585
2019 $8,868 $750,000 $600,000 $150,000
2018 $7,281 $598,229 $467,867 $130,362
2016 $4,881 $400,488 $124,827 $275,661
2015 $4,809 $394,473 $122,952 $271,521
2014 $4,828 $386,747 $120,544 $266,203
Source: Public Records

Agents Affiliated with this Home

  • Chris Corkum

    Seller's Agent in 2021

    Chris Corkum

    Compass

    (323) 665-1121

    1 in this area

    60 Total Sales

    Chris Corkum
    Section Image
  • Lisa Brende

    Seller Co-Listing Agent in 2021

    Lisa Brende

    Compass

    (323) 445-1868

    1 in this area

    58 Total Sales

    Lisa Brende
    Section Image

  • E

    Buyer's Agent in 2021

    Elidia Padilla

    RE/MAX TOP PRODUCERS

  • Joy Bolger

    Seller's Agent in 2018

    Joy Bolger

    Compass

    (323) 708-9156

    1 in this area

    82 Total Sales

    Joy Bolger
    Section Image
  • Ted Trentman

    Seller's Agent in 2016

    Ted Trentman

    Realty Source Incorporated

    (213) 747-5638

    2 in this area

    8 Total Sales

    Ted Trentman
    Section Image

  • A

    Buyer's Agent in 2013

    Allyson Connolly

    The Agency New Development

See All Agents

Map

Source: The MLS

MLS Number: 21-784148

The MLS

APN: 5163-003-037

California Los Angeles County Los Angeles 90012 Downtown LA

120 S Hewitt St Unit 12, Los Angeles, CA

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