NOT LISTED FOR SALE

Estimated Value: $753,000 - $863,559

1 Bed
1 Bath
1,146 Sq Ft
$499/mo HOA Fee

Last Sold May 10, 2023

Last sale price $810,000 $707 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,821/month

10 Days on Market

Highlights

  • Gated Community
  • 5-minute walk to Little Tokyo-Arts District
  • 0.66 Acre Lot
  • Felicitas and Gonzalo Mendez High Rated A-
  • City Lights View
  • Open Floorplan

About This Home

As of May 2023

Welcome to your dream loft in Downtown LA's Arts District, nearby galleries, restaurants, bars, coffee shops, hotels and freeway access, located on a tree lined side street, gated parking, reserved parking space #17 is steps from the unit, (street parking is free on weekends and during the week the meters charge $4 for 6 hours of parking, also a parking lot across the street is $10 every day), ground level front door courtyard with fountains, designed with sleek modern finishes, entryway with concrete floors and shoe cabinets, large windows, light and bright living/dining area, two story high ceiling, good acoustics, kitchen with stainless steel appliances included and room for a 2-top table, bathroom with a deep shower/tub, storage shelves and a stackable washer/dryer included, loft bedroom with a huge armoire closet and a west facing street view, steps from the secure mailroom, internet access is included in HOA dues, can be used as a live/work space subject to the HOA rules and the city zoning codes.

Last Agent to Sell the Property

Todd Lethbridge

TODD REAL ESTATE License #01952671 Listed on: 03/31/2023

Last Buyer's Agent

Amy Black

Redfin License #01454740

Redfin

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,095

Year Built

  • Built in 1936

Lot Details

  • Two or More Common Walls
  • East Facing Home
  • Density is up to 1 Unit/Acre

HOA Fees

  • $499 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Fire Rated Drywall
  • Asphalt Roof

Interior Spaces

  • 1,146 Sq Ft Home
  • Open Floorplan
  • Beamed Ceilings
  • Brick Wall or Ceiling
  • Double Pane Windows
  • Window Screens
  • Living Room
  • Loft
  • City Lights Views

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Bamboo
  • Concrete

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

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

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 66170
  • Assessor Parcel Number 5163003052

Community Details

Overview

  • Front Yard Maintenance
  • Master Insurance
  • 33 Units
  • Gallery Lofts Association, Phone Number (661) 295-4900
  • Pmp Mngmt HOA
  • Maintained Community

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,095

Year Built

Built in 1936

Lot Details

0

HOA Fees

$499 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Appliances and Washer/Dryer
  • Other Phone Description: 626-376-3231
  • Property Attached: Yes
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5163003052
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1146.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Brick Walls, Granite Counters, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Bamboo, Concrete
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Area
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 706.81
  • Room Type: Kitchen, Living Room, Loft
  • Window Features: Double Pane Windows, Screens
  • Bathroom Features: Bathtub, Shower In Tub
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Direction Faces: East
  • View: City Lights
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Brick, Drywall Walls, Glass

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Gas Oven, Gas Range, Microwave
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Cable TV, Insurance, Maintenance Grounds, Trash, Sewer, Water, Pet Rules, Pets Permitted, Management, Controlled Access, Hot Water, Maintenance Front Yard
  • Association Fee: 498.88
  • Association Fee Frequency: Monthly
  • Association Name: Gallery Lofts
  • Phone: 661-295-4900
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Urban
  • Association Management: PMP Mngmt

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 28796.00
  • Lot Size Acres: 0.6611

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 28796.0000 Square Feet
  • Number Of Units In Community: 33
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 66170

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
May 2, 2023
Sold by
Gallery Lofts 27 Llc
Bought by
Stauffer Charles Jacob and Stauffer Jonathan Maxwell
Seller's Agent
Todd Lethbridge
TODD REAL ESTATE
Buyer's Agent
Amy Black
Redfin
List Price
$800,000
Sold Price
$810,000
Premium/Discount to List
$10,000
1.25%
Views
103
Current Estimated Value
$818,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,431
Avg. Annual Appreciation
-0.24%
Original Mortgage
$200,000
Outstanding Balance
$194,798
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$610,842

Purchase Details

Listed on
Mar 31, 2023
Closed on
May 1, 2023
Sold by
Ramzan Ros Maizura Binti
Bought by
Stauffer Jonathan Maxwell
Seller's Agent
Todd Lethbridge
TODD REAL ESTATE
Buyer's Agent
Amy Black
Redfin
List Price
$800,000
Sold Price
$810,000
Premium/Discount to List
$10,000
1.25%
Views
103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$194,798
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$610,842

Purchase Details

Listed on
Jun 11, 2015
Closed on
Jun 22, 2015
Sold by
Oshima Mark M
Bought by
Gallery Lofts 27 Llc
Seller's Agent
Patricia Ruben
Sotheby's International Realty
Buyer's Agent
Cesar Leyva
Avenue Homes
List Price
$690,000
Sold Price
$720,000
Premium/Discount to List
$30,000
4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.51%

Purchase Details

Listed on
Jun 11, 2015
Closed on
Jun 8, 2015
Sold by
Brousseau David A
Bought by
Oshima Mark M
Seller's Agent
Patricia Ruben
Sotheby's International Realty
Buyer's Agent
Cesar Leyva
Avenue Homes
List Price
$690,000
Sold Price
$720,000
Premium/Discount to List
$30,000
4.35%

Purchase Details

Closed on
Jun 12, 2012
Sold by
Pathfinder Pacifica Hewitt Street Lofts
Bought by
Oshima Mark and Brousseau David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3.53%
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
Stauffer Charles Jacob $810,000 Lawyers Title
Stauffer Jonathan Maxwell -- Lawyers Title
Stauffer Charles Jacob -- Lawyers Title
Gallery Lofts 27 Llc $720,000 Equity Title Company
Oshima Mark M -- Accommodation
Oshima Mark $385,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stauffer Charles Jacob $200,000
Previous Owner Oshima Mark $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2023 05/10/23 Sold $810,000 +1.3% $707 / Sq Ft
04/10/2023 04/10/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $800,000 +11.1% $698 / Sq Ft
06/29/2015 06/29/15 Sold $720,000 +4.3% $628 / Sq Ft
06/22/2015 06/22/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $690,000 +79.2% $602 / Sq Ft
09/16/2012 09/16/12 Sold $385,000 -9.0% --
08/15/2011 08/15/11 For Sale $422,900 -- --
08/15/2011 08/15/11 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,095 $842,724 $343,332 $499,392
2024 $10,095 $826,200 $336,600 $489,600
2023 $10,158 $831,724 $332,688 $499,036
2022 $9,678 $815,416 $326,165 $489,251
2021 $9,560 $799,428 $319,770 $479,658
2019 $9,305 $775,719 $310,287 $465,432
2018 $9,250 $760,509 $304,203 $456,306
2016 $8,844 $730,980 $292,392 $438,588
2015 $4,834 $394,474 $117,830 $276,644
2014 -- $386,747 $115,522 $271,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF23053066

California Regional Multiple Listing Service (CRMLS)

APN: 5163-003-052