NOT LISTED FOR SALE

Estimated Value: $545,620 - $788,000

1 Bed
1 Bath
906 Sq Ft
0.33 Acres

Last Sold February 10, 2013

Last sale price $385,000 $425 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $4,164/month

Highlights

  • 24-Hour Security
  • 4-minute walk to Little Tokyo-Arts District
  • Gated Community
  • Felicitas and Gonzalo Mendez High Rated A-
  • Automatic Gate
  • City Lights View

About This Home

As of April 2023

Fantastic loft in the Gallery Lofts, located in the middle of the most trendy neighborhood of the DTLA Arts District, moments from Wurst Kuetche, Urth Cafe, Blue Bottle Coffee, Urban Radish, Bestia, Church & State, Little Bear, Arts District Dog Park, Little Tokyo, and the Gold Line. This unit has the most desirable exposure and superior views in the building; serenity of the Japanese temple on Hewitt St., and of the DTLA skyline. This is a loft in its original definition; open floor plan featuring red-brick wall and with modern upgrades incl. electric blinds, custom espresso colored cabinetry, custom pantry with built-in wine fridge, bedroom on 2nd story mezzanine with custom shoe closet and coat closet, immaculate light brown hardwood floors throughout, Caesarstone countertops in kitchen and bathroom, stainless steel kitchen appliances, and top of the line washer & dryer. Rent includes 1 assigned parking space. AGENTS SEE PRIVATE AND SHOWING REMARKS!

Last Agent to Rent the Property

Rasmus Ray Lee

Premier Real Estate Broker, Inc. License #01490488 Listed on: 03/23/2023

Last Renter's Agent

Abraham Hernandez

Loftway License #01773826

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,655

Year Built

  • Built in 1948

Lot Details

  • West Facing Home
  • Gated Home
  • Landscaped
  • Sprinkler System

Property Views

  • City Lights
  • Views of a landmark

Home Design

  • Contemporary Architecture
  • Split Level Home

Interior Spaces

  • 906 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Built-In Features
  • Brick Wall or Ceiling
  • Two Story Ceilings
  • Living Room
  • Dining Area
  • Loft
  • Security Lights

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • All Upper Level Bedrooms
  • 1 Full Bathroom
  • Low Flow Toliet
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • 1 Open Parking Space
  • Side by Side Parking
  • Garage Door Opener
  • Automatic Gate
  • Assigned Parking
  • Controlled Entrance

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Central Water Heater

Listing and Financial Details

  • Security Deposit $3,400
  • Tenant pays for cable TV, electricity, insurance, move in fee, move out fee
  • Rent includes association dues, gas
  • 12 Month Lease Term
  • Assessor Parcel Number 5163-003-033

Community Details

Overview

  • Association fees include building and grounds, gas, insurance, maintenance paid, trash
  • 30 Units
  • Low-Rise Condominium

Amenities

  • Trash Chute
  • Elevator
  • Service Elevator
  • Community Mailbox

Security

  • 24-Hour Security
  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,655

Year Built

Built in 1948

Lot Details

0

Rental Info

  • Credit Report Amount: 25.00
  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Rent Control: No
  • Rent Includes: Association Dues, Gas
  • Security Deposit: 3400
  • Tenant Pays: Cable TV, Electricity, Insurance, Move In Fee, Move Out Fee

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Single Family Or Apt: Condo/Apt
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Fantastic loft in the Gallery Lofts, located in the middle of the most trendy neighborhood of the DTLA Arts District, moments from Wurst Kuetche, Urth Cafe, Blue Bottle Coffee, Urban Radish, Bestia, Little Bear, Arts District Dog Park, Little Tokyo, & the Gold Line. This unit has the most desirable exposure & superior views in the building; serenity of the Japanese temple on Hewitt St., and of the DTLA skyline. This is a loft in its original definition; open floor plan featuring red-brick wall and with modern upgrades incl. electric blinds, custom espresso colored cabinetry, custom pantry with built-in wine fridge, bedroom on 2nd story mezzanine with custom shoe closet and coat closet, immaculate light brown hardwood floors throughout, Caesarstone countertops in kitchen & bathroom, stainless steel kitchen appliances, W/D. To view text Ray Lee at 213-448-0957 or email ray@prebrokerage.com
  • Complex Name: Gallery Lofts LA
  • Entry Floor: 1
  • Entry Location: Elevator
  • Lease Terms: 1+Year
  • Living Area: 906
  • Stories: 2
  • Unit Floor In Building: 2
  • Year Built: 1948
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Brick Walls, Built-Ins, Common Walls, Drywall Walls, High Ceilings (9 Feet+), Laundry - Closet Stacked, Open Floor Plan, Pre-wired for high speed Data, Two Story Ceilings
  • Flooring: Hardwood, Tile
  • Appliances: Built-In And Free Standing, Built-In Electric, Built-Ins, Cooktop - Gas, Electric, Gas, Microwave, Oven-Electric, Range, Range Hood
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: All Bedrooms Up
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Low Flow Toilet(s), Shower Over Tub, Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Dining Area, In Kitchen, Kitchen Island, Living Room
  • Kitchen Features: Counter Top, Island
  • Laundry: In Closet, In Unit, Inside, Laundry Area, Laundry Closet Stacked
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Electric Dryer Hookup, Freezer, Garbage Disposal, Hood Fan, Microwave, Network Wire, Range/Oven, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer
  • Price Per S Q F T: 3.75

Exterior Features

  • Balcony: N/A
  • Direction Faces: West
  • Construction: Brick, Glass
  • Other Features: High Ceilings (9 Feet+)
  • Exposure: West
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights, Landmark, Tree Top, Walk Street
  • View: Yes

Garage/Parking

  • Other Spaces: 1
  • Parking Garage: Assigned, Controlled Entrance, Door Opener, Gated, Side By Side, Uncovered
  • Total Parking: 1

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Community, Exterior Security Lights, Fire and Smoke Detection System, Fire Sprinklers, Gated, Smoke Detector
  • Sewer: In Connected and Paid

Association/Amenities

  • Community Features: Community Mailbox
  • Amenities: Assoc Maintains Landscape, Controlled Access, Elevator, Gated Community, Gated Parking, Security

Condo/Co-op/Association

  • Association Fees Include: Building and Grounds, Gas, Insurance, Maintenance Paid, Trash
  • High Rise: Controlled Access, Passenger Elevator, Trash Chute, Service Elevator
  • Unit Location: Front

Schools

  • School District: Los Angeles Unified

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 5163-003-033
  • Lot Description: Exterior Security Lights, Automatic Gate, Corners Established, Fenced, Gated Community, Landscaped, Sidewalks, Street Lighting, Walk Street
  • Lot Location: City
  • Lot Size Area: 14528

Multi Family

  • Number Of Units: 30

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2014
Closed on
Mar 21, 2015
Sold by
Wang Edward D and Hsu Alice
Bought by
The E A Wang Trust
Seller's Agent
Rasmus Ray Lee
Premier Real Estate Broker, Inc.
Buyer's Agent
Thuymy Ho
Premier Real Estate Broker, Inc.
Sold Price
$2,600
Current Estimated Value
$674,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$671,919

Purchase Details

Closed on
Nov 12, 2012
Sold by
Pathfinder Pacific Hewitt Street Lofts L
Bought by
Wang Edward and Hsu Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
3.32%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
The E A Wang Trust -- None Available
Wang Edward D -- None Available
Wang Edward $380,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Edward $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2023 04/12/23 Rented $3,400 0.0% --
04/11/2023 04/11/23 Under Contract -- -- --
03/23/2023 03/23/23 For Rent $3,400 +21.4% --
04/17/2020 04/17/20 Rented $2,800 0.0% --
04/09/2020 04/09/20 Under Contract -- -- --
02/24/2020 02/24/20 For Rent $2,800 0.0% --
03/18/2019 03/18/19 Rented $2,800 0.0% --
03/09/2019 03/09/19 Under Contract -- -- --
02/14/2019 02/14/19 For Rent $2,800 +7.7% --
01/26/2015 01/26/15 Rented $2,600 0.0% --
01/20/2015 01/20/15 Under Contract -- -- --
10/20/2014 10/20/14 For Rent $2,600 0.0% --
02/10/2013 02/10/13 Sold $385,000 0.0% --
02/10/2013 02/10/13 Sold $385,000 -0.2% --
10/10/2012 10/10/12 Pending -- -- --
08/25/2012 08/25/12 For Sale $385,900 +2.9% --
02/28/2012 02/28/12 Pending -- -- --
08/09/2011 08/09/11 For Sale $374,900 -- --
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 $5,655 $467,931 $141,608 $326,323
2024 $5,655 $458,757 $138,832 $319,925
2023 $5,545 $449,762 $136,110 $313,652
2022 $5,282 $440,944 $133,442 $307,502
2021 $5,216 $432,299 $130,826 $301,473
2019 $5,067 $419,479 $126,947 $292,532
2018 $5,043 $411,255 $124,458 $286,797
2016 $4,817 $395,287 $119,626 $275,661
2015 $4,747 $389,351 $117,830 $271,521
2014 $4,766 $381,725 $115,522 $266,203
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-253889

The MLS

APN: 5163-003-033