NOT LISTED FOR SALE

1855 Industrial St Unit 310 Los Angeles, CA 90021

Downtown LA Neighborhood

Estimated Value: $858,000 - $967,000

1 Bed
1 Bath
1,081 Sq Ft
0.98 Acres Lot

Sale Details

Date Sold: June 21, 2023

Last sale price $940,000 $870 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $6,331 / mo

65 Days on Market

Highlights

  • Concierge
  • 24-Hour Security
  • City View
  • Fitness Center
  • In Ground Pool
  • 0.98 Acre Lot

About This Home

As of June 2023

Rare industrial modern loft at the historic Toy Factory building in the heart of the Arts District, offering live or work warehouse living, plus an almost 400 sf private patio space (just 2 in the building) giving you a chance to extend your living space for meals, drinks or relaxing at sunset. Completely private and turn-key featuring striking polished concrete floors, high ceilings, and a massive window set provides natural light throughout the day. Clean and stylish with an open concept floor plan, updated stainless steel appliances, and floating kitchen cabinets in a unit with only one common wall. Oversized private outdoor patio with plenty of room for dining and lounging that has immediate access to a garden terrace complete with BBQ and incredible downtown skyline views. The only unit in the Arts District with private outdoor space available now. The live/work building amenities include rooftop pool with panoramic views from downtown to the mountains to the newly finished 6th street bridge, full service door man, 24 hour security, covered parking garage and fitness center. The premier Arts District building and location, walking distance to breweries and mixology bars, art galleries, highly lauded restaurants, boutiques and salons.

Last Agent to Sell the Property

Derek Lester

Compass License #01921397 Listed on: 03/06/2023

Compass

Co-Listed By

Joseph Reichling

Compass License #01427385

Last Buyer's Agent

Derek Lester

Compass License #01921397 Listed on: 03/06/2023

Compass

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 0.98

HOA Fees

  • $576 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Modern Architecture
  • Entry on the 3rd floor

Interior Spaces

  • 1,081 Sq Ft Home
  • Loft
  • Concrete Flooring
  • City Views

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5164-012-046

Community Details

Overview

  • 121 Units
  • 7-Story Property

Amenities

  • Concierge
  • Sundeck
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1924 | Remodeled

Lot Details

0.98 Acres

HOA Fees

$576 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: Toy Factory Lofts
  • Entry Floor: 3
  • Living Area: 1081
  • Lot Acreage: 0.9783
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 7
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Cement
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Equipment: Dishwasher, Dryer, Elevator, Washer, Refrigerator, Range/Oven, Freezer, Garbage Disposal
  • Price Per S Q F T: 901.94

Exterior Features

  • Patio: Enclosed
  • Pool Description: Association Pool
  • Pool: Yes
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Garage
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Gated Community with Guard

Association/Amenities

  • Amenities: Sun Deck, Fitness Center, Elevator, Controlled Access, Concierge, Security, Pool
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 576.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5164-012-046
  • Lot Size Area: 42615

Rental Info

  • Lease Option: 1

Multi Family

  • Number Of Units: 121

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2023
Closed on
Jun 16, 2023
Sold by
Acosta Daniel Jerry and Phan Laura Huong
Bought by
Tossin Clarissa F
Seller's Agent
Derek Lester
Compass
Buyer's Agent
Derek Lester
Compass
List Price
$999,000
Sold Price
$940,000
Premium/Discount to List
-$59,000
-5.91%
Views
104
Current Estimated Value
$894,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,463
Avg. Annual Appreciation
-1.71%

Purchase Details

Listed on
Feb 6, 2017
Closed on
Feb 21, 2017
Sold by
Willey Jerry L and Willey Patricia L
Bought by
Acosta Daniel Jerry
Seller's Agent
Randelle Green
The RandelleGreen Group
Buyer's Agent
Elizabeth Gottainer
The Agency
List Price
$880,000
Sold Price
$880,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.06%
Original Mortgage
$704,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 5, 2005
Sold by
Avakian Edoardo A and Cohn Michael
Bought by
Willey Gerry L and Willey Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2004
Sold by
Toy Factory Lofts Llc
Bought by
Avakian Edoardo A and Cohn Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,264
Interest Rate
1.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tossin Clarissa F $940,000 Equity Title Company
Acosta Daniel Jerry $880,000 Orange Coast Title Co
Willey Gerry L $550,000 Chicago Title
Avakian Edoardo A $453,500 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Acosta Daniel Jerry $704,000
Previous Owner Willey Gerry L $260,000
Previous Owner Avakian Edoardo A $317,264
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2023 06/21/23 Sold $940,000 -3.6% $870 / Sq Ft
05/10/2023 05/10/23 Pending -- -- --
04/06/2023 04/06/23 Price Changed $975,000 -2.4% $902 / Sq Ft
03/06/2023 03/06/23 For Sale $999,000 +13.5% $924 / Sq Ft
03/22/2017 03/22/17 Sold $880,000 0.0% $597 / Sq Ft View Prior Sale
02/06/2017 02/06/17 For Sale $880,000 -- $597 / Sq Ft
Source: The MLS

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 $11,764 $977,975 $293,392 $684,583
2024 $11,764 $958,800 $287,640 $671,160
2023 $12,031 $981,652 $294,495 $687,157
2022 $11,465 $962,405 $288,721 $673,684
2021 $11,328 $943,535 $283,060 $660,475
2019 $10,988 $915,551 $274,665 $640,886
2018 $10,968 $897,600 $269,280 $628,320
2016 $7,821 $647,613 $470,994 $176,619
2015 $6,884 $569,000 $413,000 $156,000
2014 $5,936 $478,000 $347,000 $131,000
Source: Public Records

Agents Affiliated with this Home

  • Derek Lester

    Seller's Agent in 2023

    Derek Lester

    Compass

    (818) 915-0163

    1 in this area

    38 Total Sales

    Derek Lester
    Section Image
  • Joseph Reichling

    Seller Co-Listing Agent in 2023

    Joseph Reichling

    Compass

    (323) 395-9084

    1 in this area

    217 Total Sales

    Joseph Reichling
    Section Image
  • Randelle Green

    Seller's Agent in 2017

    Randelle Green

    The RandelleGreen Group

    (213) 254-7626

    3 in this area

    3 Total Sales

    Randelle Green
    Section Image
  • Elizabeth Gottainer

    Buyer's Agent in 2017

    Elizabeth Gottainer

    The Agency

    (213) 393-2209

    5 in this area

    17 Total Sales

    Elizabeth Gottainer
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-247903

The MLS

APN: 5164-012-046

California Los Angeles County Los Angeles 90021 Downtown LA

1855 Industrial St Unit 310, Los Angeles, CA

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