NOT LISTED FOR SALE

Estimated Value: $1,683,000 - $2,742,000

3 Beds
2.5 Baths
2,190 Sq Ft
$770/mo HOA Fee

Last Sold October 22, 2021

Last sale price $2,350,000 $1,073 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $12,850/month

133 Days on Market

Highlights

  • Concierge
  • Art Studio
  • Penthouse
  • Felicitas and Gonzalo Mendez High Rated A-
  • 24-Hour Security
  • Heated Lap Pool

About This Home

As of October 2021

PRICED TO SELL! BRING ALL OFFERS! YOUR CHANCE TO OWN A PIECE OF HISTORY! LA's most unique penthouse! Just featured in the prestigious hardcover book "Preserving Los Angeles" by Ken Bernstein, a Principal City Planner for the City of Los Angeles and a national advocate for historic preservation! One of LA's most desirable and stunning Penthouses is available for sale! This property in the historic, luxurious celeb-favorite Biscuit Company Lofts is a true entertainer's paradise. The Biscuit Company Lofts building in the heart of the Los Angeles Arts District is the NABISCO sister building to the Chelsea Market building, owned and purchased by Google for 2.4 billion dollars, in Chelsea/ NewYork City. Since last sold in 2018, the property was completely renovated and additional square footage was added and permitted. The owners spared no expense in upgrades and the final design is nothing but breathtaking. The property features seamless indoor/outdoor living which allows you to enjoy the city's famous sunset from the luxury of your own private 340sqft roof patio. The views are spectacular and include the DTLA skyline, Santa Monica Mountains, and the Hollywood Sign. This multi-level live/work permitted penthouse offers 2 private entrances, which makes it ideal for hosting guests or having a separation between work and play. All bathrooms have been tastefully remodeled (RH) and the floating master bedroom offers a fireplace and gorgeous views. The owners have also just recently refinished the unit's beautiful hardwood floors. Treat yourself to a front row seat to witness LA's stunning sunset's every night from the comfort of your home. This home is perfect for any person who loves to entertain, collects trophy properties or is looking for a fantastic investment. Mills Act approved | low property taxes. This penthouse comes with side-by-side parking spots, an EV charger, and a storage unit near the lobby.

Last Agent to Sell the Property

Andreas Ludwig

Keller Williams Studio City License #02032222 Listed on: 05/13/2021

Keller Williams Studio City

Last Buyer's Agent

D. Berel Bakaleynik

D. Berel Bakaleynik License #01994255

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,794

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • West Facing Home
  • Historic Home

HOA Fees

  • $770 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Home Design

  • Penthouse
  • Split Level Home
  • Additions or Alterations

Interior Spaces

  • 2,190 Sq Ft Home
  • Crown Molding
  • Brick Wall or Ceiling
  • Skylights
  • Vertical Blinds
  • Family Room on Second Floor
  • Dining Area
  • Bonus Room
  • Art Studio
  • Wood Flooring
  • Security Lights

Kitchen

  • Gourmet Kitchen
  • Self-Cleaning Convection Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • Double Vanity
  • Low Flow Toliet
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Automatic Gate
  • Parking Garage Space
  • Controlled Entrance

Pool

  • Heated Lap Pool
  • Heated In Ground Pool
  • Exercise

Outdoor Features

  • Open Patio
  • Outdoor Gas Grill

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5164-021-116

Community Details

Overview

  • 104 Units
  • Association Phone (310) 574-7427
  • 7-Story Property

Amenities

  • Concierge
  • Sundeck
  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Community Storage Space

Recreation

Pet Policy

  • Pets Allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,794

Year Built

Built in 1925 | Remodeled

Lot Details

0

HOA Fees

$770 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Complex Name: Biscuit Company Lofts HOA
  • Entry Floor: 7
  • Living Area: 2190
  • Lot Acreage: 0.7282
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled, Additions/Alter
  • Stories: 7
  • Unit Floor In Building: 7
  • Year Built: 1925
  • Number Of Photos: 31
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Brick Walls, Drywall Walls, Common Walls, Crown Moldings
  • Fireplace Rooms: Master Bedroom
  • Flooring: Hardwood
  • Appliances: Cooktop - Gas, Gas Grill, Microwave, Oven, Oven-Gas, Convection Oven, Built-In Gas, Gas, Range, Range Hood, Self Cleaning Oven
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: Master Bedroom, Master Suite
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Remodeled, Low Flow Toilet(s), Shower Stall, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Dining Area
  • Kitchen Features: Gourmet Kitchen
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dryer, Dishwasher, Freezer, Garbage Disposal, Microwave, Ice Maker, Hood Fan, Gas Or Electric Dryer Hookup, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 1131.96
  • Windows: Skylights, Vertical Blinds, Window Blinds

Exterior Features

  • Direction Faces: West
  • Other Features: Historical, Custom Built
  • Pool Description: Association Pool, Heated, In Ground, Lap Pool, Exercise Pool, Community
  • Pool: Yes
  • Spa Yn: No
  • View: City Lights, City, Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Controlled Entrance, Community Garage, Covered Parking
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Electric, Central
  • Heating: Central
  • Security: 24 Hour, Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Exterior Security Lights, Fire and Smoke Detection System, Fire Sprinklers, Smoke Detector
  • Sewer: In Street Paid
  • Water: Public

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Concierge, Controlled Access, Fire Pit, Extra Storage, Sun Deck, Pool, Picnic Area
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Monthly
  • HOA Fees: 770.00
  • Phone: 3105747427|
  • HOA: Yes
  • Unit Location: West

Lot Info

  • Special Zoning: Flood
  • Assessor Parcel Number: 5164-021-116
  • Lot Location: City
  • Lot Size Area: 31720

Multi Family

  • Number Of Units: 104

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Oct 15, 2021
Sold by
Curti Stefano and Buonfantino Giuseppina
Bought by
Loose Bradley
Seller's Agent
Andreas Ludwig
Keller Williams Studio City
Buyer's Agent
D. Berel Bakaleynik
D. Berel Bakaleynik
List Price
$2,990,000
Sold Price
$2,350,000
Premium/Discount to List
-$640,000
-21.4%
Current Estimated Value
$2,160,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$189,676
Avg. Annual Appreciation
-2.15%
Original Mortgage
$775,000
Outstanding Balance
$603,483
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$1,556,841

Purchase Details

Listed on
May 13, 2021
Closed on
Oct 11, 2021
Sold by
Loose Roxann G
Bought by
Loose Bradley
Seller's Agent
Andreas Ludwig
Keller Williams Studio City
Buyer's Agent
D. Berel Bakaleynik
D. Berel Bakaleynik
List Price
$2,990,000
Sold Price
$2,350,000
Premium/Discount to List
-$640,000
-21.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Outstanding Balance
$603,483
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$1,556,841

Purchase Details

Listed on
May 13, 2021
Closed on
Sep 27, 2021
Sold by
Curti Stefano and Buonfantino Giuseppina
Bought by
Loose Bradley
Seller's Agent
Andreas Ludwig
Keller Williams Studio City
Buyer's Agent
D. Berel Bakaleynik
D. Berel Bakaleynik
List Price
$2,990,000
Sold Price
$2,350,000
Premium/Discount to List
-$640,000
-21.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Outstanding Balance
$603,483
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$1,556,841

Purchase Details

Closed on
Oct 12, 2018
Sold by
Botton Tatiana S
Bought by
Curti Stefano and Buonfantino Giuseppina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 12, 2016
Closed on
Apr 29, 2016
Sold by
Stillman Daniel
Bought by
Botton Tatiana S
Seller's Agent
Frank Bruno
Keller Williams Hollywood Hills
Buyer's Agent
Diana Braun
Compass
List Price
$1,850,000
Sold Price
$1,850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.69%

Purchase Details

Closed on
Mar 31, 2009
Sold by
673 Mateo Llc
Bought by
Stillman Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
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
Loose Bradley $2,350,000 Stewart Title Of California In
Loose Bradley -- Stewart Title Of California In
Loose Bradley $2,350,000 Stewart Ttl Relocation Svcs
Curti Stefano $2,000,000 Provident Title Company
Botton Tatiana S $1,850,000 Title 365
Stillman Daniel $954,500 Chicago Title Subdivision
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loose Bradley $775,000
Closed Loose Bradley $775,000
Closed Loose Bradley $775,000
Previous Owner Curti Stefano $900,000
Previous Owner Stillman Daniel $488,000
Previous Owner Stillman Daniel $100,000
Previous Owner Stillman Daniel $516,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $2,350,000 -5.2% $1,073 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
09/17/2021 09/17/21 Price Changed $2,479,000 -0.8% $1,132 / Sq Ft
09/09/2021 09/09/21 Price Changed $2,499,000 -2.0% $1,141 / Sq Ft
09/03/2021 09/03/21 Price Changed $2,549,000 -1.6% $1,164 / Sq Ft
08/18/2021 08/18/21 Price Changed $2,590,000 -0.4% $1,183 / Sq Ft
07/19/2021 07/19/21 Price Changed $2,600,000 -7.1% $1,187 / Sq Ft
06/04/2021 06/04/21 Price Changed $2,800,000 -1.8% $1,279 / Sq Ft
06/02/2021 06/02/21 Price Changed $2,850,000 -4.7% $1,301 / Sq Ft
05/13/2021 05/13/21 For Sale $2,990,000 0.0% $1,365 / Sq Ft
12/19/2017 12/19/17 Rented $7,200 -8.9% --
12/04/2017 12/04/17 Under Contract -- -- --
10/09/2017 10/09/17 For Rent $7,900 -1.3% --
03/23/2017 03/23/17 Rented $8,000 0.0% --
02/17/2017 02/17/17 For Rent $8,000 0.0% --
05/25/2016 05/25/16 Sold $1,850,000 0.0% $1,191 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
05/12/2016 05/12/16 For Sale $1,850,000 -- $1,191 / 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 $4,794 $374,000 $74,800 $299,200
2024 $4,794 $374,000 $74,800 $299,200
2023 $4,786 $374,000 $74,800 $299,200
2022 $4,649 $374,000 $74,800 $299,200
2021 $4,673 $374,000 $74,800 $299,200
2020 $5,039 $397,000 $79,400 $317,600
2019 $23,760 $2,000,000 $800,000 $1,200,000
2018 $7,231 $582,000 $116,400 $465,600
2016 $2,880 $233,029 $46,600 $186,429
2015 $3,164 $233,029 $46,600 $186,429
2014 $3,267 $233,029 $46,600 $186,429
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-731330

The MLS

APN: 5164-021-116