NOT LISTED FOR SALE

Estimated Value: $812,000 - $1,003,000

1 Bed
1 Bath
1,194 Sq Ft
$420/mo HOA Fee

Last Sold May 10, 2022

Last sale price $869,000 $728 Per Sq Ft

Current estimated payment $6,119/month

166 Days on Market

Highlights

  • Automatic Gate
  • 5-minute walk to Little Tokyo-Arts District
  • Loft
  • Felicitas and Gonzalo Mendez High Rated A-
  • 0.66 Acre Lot
  • Breakfast Bar

About This Home

As of May 2022

Come enjoy the downtown lifestyle in one of the most iconic residential communities in the Arts District!This is a safe, tight-knit, gated community where comfort, convenience and distinctive style all blend together to create an authentic loft-home environment that fits your creative lifestyle. Live/Work space, 26ft vaulted ceilings, abundant natural light, original brick walls, skylights and floor-to-ceiling windows are just some of the architectural features in this incredible home. No need for elevators or stairs as you make your way to your unit from the gated parking through the beautiful interior courtyard with lush bamboo & water features. Tucked away in a stylish and enviable neighborhood, yet within walking distance to the city center of world class dining, entertainment and shopping. Just two blocks from Little Tokyo! This stunning, open and airy mezzanine style loft must be seen!

Last Agent to Sell the Property

Tori Barnao

Christie's International Real Estate SoCal License #01425512 Listed on: 10/05/2021

Christie's International Real Estate SoCal

Co-Listed By

Kerry Buckley

Christie's International Real Estate SoCal License #02049568

Last Buyer's Agent

Laura Buffone

Compass License #01340657

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,033

Year Built

  • Built in 1936

Lot Details

  • 0.66

HOA Fees

  • $420 Monthly HOA Fees

Interior Spaces

  • 1,194 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Loft
  • Concrete Flooring
  • Security Lights

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Automatic Gate
  • Assigned Parking

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5163-003-046

Community Details

Overview

  • 33 Units

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,033

Year Built

Built in 1936

Lot Details

0

HOA Fees

$420 per month

Listing Details

  • Property Type: Residential
  • Style: Architectural
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Gallery Lofts
  • Entry Floor: 1
  • Living Area: 1194
  • Lot Acreage: 0.6611
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 2
  • Unit Floor In Building: 1
  • Year Built: 1936
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Cement
  • 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, Laundry Closet Stacked
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Stackable W/D Hookup, Range/Oven, Refrigerator, Water Line to Refrigerator, Washer
  • Price Per S Q F T: 727.81

Exterior Features

  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 1
  • Parking Garage: Assigned, Gated, Uncovered
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Fire Sprinklers, Gated, Exterior Security Lights, Fire and Smoke Detection System

Association/Amenities

  • Amenities: Assoc Pet Rules, Gated Parking, Assoc Maintains Landscape, Controlled Access
  • Pet Rules: Assoc Pet Rules, Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 420.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 5163-003-046
  • Lot Size Area: 28796

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2022
Sold by
Escalante Monica
Bought by
Monica Escalante Trust
Current Estimated Value
$872,942

Purchase Details

Listed on
Oct 5, 2021
Closed on
May 2, 2022
Sold by
Escalante Michael Joseph
Bought by
Escalante Monica
Seller's Agent
Tori Barnao
Christie's International Real Estate SoCal
Buyer's Agent
Laura Buffone
Compass
List Price
$869,000
Sold Price
$869,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.41%
Original Mortgage
$695,200
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 5, 2021
Closed on
Mar 28, 2022
Sold by
Hewitt Street Land Trust
Bought by
Escalante Monica
Seller's Agent
Tori Barnao
Christie's International Real Estate SoCal
Buyer's Agent
Laura Buffone
Compass
List Price
$869,000
Sold Price
$869,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,200
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 14, 2017
Closed on
Sep 26, 2017
Sold by
Page Neville David
Bought by
Vogel Lisa Gail and Hewitt Street Land Trust
Seller's Agent
Tim Robertson
Compass
Buyer's Agent
Elizabeth Lande
Avenue 8, Inc.
List Price
$850,000
Sold Price
$860,000
Premium/Discount to List
$10,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.23%
Original Mortgage
$688,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2012
Sold by
Pathfinder Pacifica Hewitt Street Lofts
Bought by
Page Neville David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
3.47%
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
Monica Escalante Trust -- --
Escalante Monica -- Pacific Coast Title
Escalante Monica $869,000 Pacific Coast Title
Vogel Lisa Gail $860,000 Ticor Title
Page Neville David $385,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Escalante Monica $695,200
Previous Owner Escalante Monica $695,200
Previous Owner Vogel Lisa Gail $688,000
Previous Owner Page Neville D $175,000
Previous Owner Page Neville David $305,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2022 05/10/22 Sold $869,000 0.0% $728 / Sq Ft
03/20/2022 03/20/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $869,000 0.0% $728 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
02/26/2022 02/26/22 Price Changed $869,000 -3.3% $728 / Sq Ft
10/05/2021 10/05/21 For Sale $899,000 +4.5% $753 / Sq Ft
11/07/2017 11/07/17 Sold $860,000 +1.2% $677 / Sq Ft
09/21/2017 09/21/17 Pending -- -- --
09/14/2017 09/14/17 For Sale $850,000 -- $669 / 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 $11,033 $922,189 $391,585 $530,604
2024 $11,033 $904,107 $383,907 $520,200
2023 $10,817 $886,380 $376,380 $510,000
2022 $10,925 $922,091 $737,674 $184,417
2021 $10,792 $904,011 $723,210 $180,801
2019 $10,500 $877,200 $701,760 $175,440
2018 $10,443 $860,000 $688,000 $172,000
2017 $5,026 $408,497 $122,018 $286,479
2016 $4,907 $400,488 $119,626 $280,862
2015 $4,836 $394,474 $117,830 $276,644
2014 $4,856 $386,747 $115,522 $271,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-792374

The MLS

APN: 5163-003-046