$840,000
PENDING $225K PRICE DROP

Estimated payment $6,488/month

Total Views 151,732
1 Bed
1 Bath
1,598 Sq Ft
$526 Price per Sq Ft

Highlights

  • Fitness Center
  • 24-Hour Security
  • City Lights View
  • Felicitas and Gonzalo Mendez High Rated A-
  • Heated In Ground Pool
  • 0.98 Acre Lot

About This Home

Astonishing this Iconic Toy Factory loft is still on the market! NOW priced at the lowest price per square ft in years. Buyers, this is your opportunity to take advantage of the market! With 1600 sq feet of floor space, unobstructed South-facing views and one of only a handful of lofts with its own outdoor balcony. Located in the center of Downtown LAs Art's district the 121-unit complex was originally built in 1924 and maintains many of its original details. Polished concrete floors, exposed ducting, 11' ceilings and an enormous factory window define the space. With all of this floor space you can create so many well-defined areas: Live, work, lounge, entertain, read, reflect and enjoy ...so many possibilities. The 5th floor unit has many upgrades. Custom built-ins and cabinetry strategically carve out the bedroom and add closet space and storage. The moody kitchen has a colorful tile backsplash, stainless appliances, refurbished cabinets and a fabulous center island. The spacious bathroom has two sinks and a tub/shower combo. Central Heat & Air, inside laundry and one deeded parking space in the secured parking garage with it's own electric car charger. Building amenities include: 24-hour security, a year-round heated rooftop pool with panoramic views of Downtown LA and a zen-inspired 3rd floor sundeck with beautiful potted plants and bbq grills. Private gym on the 1st floor and Amazon lockers provide convenience. The vibrant community can be accessed by foot, day or night. Colorful and exemplary cuisine surround the area with such favorites as Camelia, Bestia, Bevel and Zinc cafe & bar. The fabulous Hank's Organic market is around the corner. Underway is the nearby 12-acre "PARC" project which will create a massive public green space, event arenas, a dog park and more along the LA River. Convenient to major freeways and infrastructure. A wonderful opportunity to own an original downtown LA loft in one of LA's most coveted neighborhoods. Buyers be urgent! The price doesn't get better than this!

Listing Agent

Heidi Davis

Keller Williams Larchmont License #01831924 Listed on: 05/29/2025

Keller Williams Larchmont

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,365

Year Built

  • Built in 1924

HOA Fees

  • $983 Monthly HOA Fees

Parking

  • 1 Parking Space

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,598 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Loft
  • Concrete Flooring
  • City Lights Views

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Open Patio

Additional Features

  • South Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5164-012-084

Community Details

Overview

  • Association fees include water and sewer paid, trash, security
  • 121 Units

Amenities

  • Sundeck
  • Community Barbecue Grill
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,365

Year Built

Built in 1924

Lot Details

0

HOA Fees

$983 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Toy Factory
  • Entry Floor: 5
  • Living Area: 1598
  • Lot Acreage: 0.9786
  • Planned Urban Dev: 0
  • Probate: No
  • Unit Floor In Building: 5
  • Year Built: 1924
  • Number Of Photos: 43
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Stained Concrete
  • 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 Area
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Washer, Dryer, Elevator, Freezer, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 525.66

Exterior Features

  • Direction Faces: South
  • Pool Description: Association Pool, Heated, Community
  • Pool: Yes
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Community Garage, Subterranean, Assigned
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Earth Quake Ins: 0
  • Heating: Central
  • Security: 24 Hour

Association/Amenities

  • Amenities: Security, Assoc Pet Rules, Assoc Barbecue, Controlled Access, Elevator, Fitness Center, Pool, Sun Deck
  • Pet Rules: Assoc Pet Rules, Pets Permitted, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Water and Sewer Paid, Trash, Security
  • HOA Fees: 982.68
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5164-012-084
  • Lot Size Area: 42628

Multi Family

  • Number Of Units: 121

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $12,365 $1,021,563 $801,029 $220,534
2024 $12,365 $1,001,533 $785,323 $216,210
2023 $12,121 $981,896 $769,925 $211,971
2022 $11,554 $962,644 $754,829 $207,815
2021 $11,413 $943,770 $740,029 $203,741
2019 $11,072 $915,779 $718,080 $197,699
2018 $11,052 $897,823 $704,000 $193,823
2016 $10,420 $862,962 $676,664 $186,298
2015 $6,087 $499,420 $214,804 $284,616
2014 $6,111 $489,638 $210,597 $279,041
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Pending -- -- --
05/29/2025 05/29/25 Price Changed $840,000 0.0% $526 / Sq Ft
05/29/2025 05/29/25 For Sale $840,000 -5.6% $526 / Sq Ft
05/26/2025 05/26/25 Off Market $890,000 -- --
04/14/2025 04/14/25 Price Changed $890,000 -4.3% $557 / Sq Ft
03/04/2025 03/04/25 Price Changed $930,000 -6.9% $582 / Sq Ft
02/10/2025 02/10/25 Price Changed $999,000 -4.4% $625 / Sq Ft
01/12/2025 01/12/25 Price Changed $1,045,000 -1.9% $654 / Sq Ft
11/15/2024 11/15/24 For Sale $1,065,000 -- $666 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $850,000 Provident Title Company
Grant Deed $465,000 Chicago Title Company
Grant Deed $700,000 First American Title Co
Grant Deed $365,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $395,250 New Conventional
Previous Owner $99,000 Credit Line Revolving
Previous Owner $525,000 Negative Amortization
Previous Owner $85,500 Credit Line Revolving
Previous Owner $405,000 Unknown
Previous Owner $321,188 Purchase Money Mortgage
Closed $80,297 No Value Available
Source: Public Records

Source: The MLS

MLS Number: 24-462537

The MLS

APN: 5164-012-084