NOT LISTED FOR SALE

Estimated Value: $408,000 - $450,048

1 Bed
1 Bath
740 Sq Ft
0.37 Acres

Last Sold February 01, 2016

Last sale price $500,000 $676 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $2,514/month

Highlights

  • 24-Hour Security
  • City Lights View
  • Loft
  • Rooftop Deck
  • Open Floorplan
  • Furnished

About This Home

As of May 2020

This beautifully remodeled unit within the A.G. Bartlett Building is located in the very center of the Spring street historic district. Originally built and designed by John Parkinson (notable works include LA City Hall, Memorial Coliseum, Grand Central Market) this building perfectly captures the spirit of historic downtown! No expense was spared during the renovation and this condominium is totally move-in ready! Feast your eyes on the industrial chic aesthetic as well as breathtaking city views from both the living room and the rooftop terrace! The bedroom and living room windows have been treated with a Huper Optik Ceramic series coating for optimal UV protection. In addition, this property is Mills Act approved which offers huge annual savings through this unique property tax break.

Last Agent to Rent the Property

Austin McElrath

First Team Real Estate License #02050631 Listed on: 04/08/2020

First Team Real Estate

Last Renter's Agent

Austin McElrath

First Team Real Estate License #02050631 Listed on: 04/08/2020

First Team Real Estate

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,452

Year Built

  • Built in 1911 | Remodeled

Lot Details

  • Two or More Common Walls
  • Density is over 40 Units/Acre

Parking

  • Parking Available

Property Views

  • City Lights
  • Neighborhood

Interior Spaces

  • 740 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Loft
  • Concrete Flooring
  • Breakfast Bar

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Remodeled Bathroom
  • 1 Full Bathroom
  • Makeup or Vanity Space
  • Bathtub with Shower
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Rooftop Deck
  • Patio
  • Terrace

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $2,700
  • Rent includes association dues
  • Available 4/8/20
  • Tax Lot 1
  • Tax Tract Number 54121
  • Assessor Parcel Number 5144126026

Community Details

Overview

  • Property has a Home Owners Association
  • 139 Units
  • Bartlett Lofts Homeowners Association, Phone Number (626) 529-3918
  • Partners Community Management HOA
  • Built by John and Donald Parkinson
  • Beaux Arts

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,452

Year Built

Built in 1911 | Remodeled

Lot Details

0

Rental Info

  • Cashiers Check: Security Deposit
  • Available Date: 2020-04-08
  • Credit Check: No
  • Credit Check Paid By: Tenant
  • Deposit Security: 2700
  • Furnished: Furnished
  • Pets Allowed: Yes

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Furnishings and appliances.
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: 24 Hour Security, Guarded
  • View: Yes
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 5144126026
  • Year Built: 1911
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 740.00 Square Feet
  • Interior Amenities: Open Floorplan, Partially Furnished
  • Common Walls: 2+ Common Walls
  • Flooring: Concrete
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Breakfast Counter / Bar
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3.51
  • Room Type: Loft
  • Bathroom Features: Bathtub, Shower In Tub, Closet In Bathroom, Remodeled, Vanity Area

Exterior Features

  • Patio: Yes
  • View: City Lights, Neighborhood
  • Builder Name: John and Donald Parkinson
  • Patio And Porch Features: Roof Top, Terrace
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Guard
  • Association Name: Bartlett Lofts Homeowners Association
  • Phone: 6265293918
  • Senior Community: No
  • Community Features: Urban
  • Association Management: Partners Community Management

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Over 40 Units/Acre
  • Lot Size Sq Ft: 15922.00
  • Lot Size Acres: 0.3655

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: Negotiable
  • Lot Size Area: 15922.0000 Square Feet
  • Management Co: Owner
  • Number Of Units In Community: 139
  • Number Of Units Total: 1
  • Rent Includes: Association Dues

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 54121

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2016
Closed on
Jan 6, 2016
Sold by
Sheren Bonnie Rae
Bought by
Umbaugh Joel
Seller's Agent
Thomas Alexander
Alexander Premier Properties
Buyer's Agent
Emily Umbaugh
Nationwide Real Estate Execs
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$427,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$72,738
Avg. Annual Appreciation
-1.43%
Original Mortgage
$400,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2014
Sold by
Sheren Bonnie
Bought by
Sheren Bonnie Rae and The Bonnie Rae Sheren Revocable Trust

Purchase Details

Closed on
Jan 6, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Sheren Bonnie

Purchase Details

Closed on
Aug 19, 2008
Sold by
Bae Nam Hee
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 10, 2004
Sold by
7Th Loft Llc
Bought by
Bae Nam Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,900
Interest Rate
5.61%
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
Umbaugh Joel $500,000 Provident Title Company
Sheren Bonnie Rae -- None Available
Sheren Bonnie $187,500 First American Title Ins Co
Federal Home Loan Mortgage Corporation $174,786 First American Title Ins Co
Bae Nam Hee $305,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Umbaugh Joel $358,000
Closed Umbaugh Joel $400,000
Previous Owner Bae Nam Hee $96,600
Previous Owner Bae Nam Hee $243,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2020 05/15/20 Rented $2,600 -3.7% --
05/09/2020 05/09/20 Under Contract -- -- --
04/08/2020 04/08/20 For Rent $2,700 +1.9% --
05/09/2017 05/09/17 Rented $2,650 0.0% --
05/03/2017 05/03/17 Price Changed $2,650 -3.6% $4 / Sq Ft
04/27/2017 04/27/17 Price Changed $2,750 -3.5% $4 / Sq Ft
04/03/2017 04/03/17 For Rent $2,850 0.0% --
02/01/2016 02/01/16 Sold $500,000 0.0% $676 / Sq Ft
01/25/2016 01/25/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $500,000 -- $676 / Sq Ft
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 $2,452 $169,000 $33,800 $135,200
2024 $2,452 $169,000 $33,800 $135,200
2023 $2,429 $169,000 $33,800 $135,200
2022 $2,343 $169,000 $33,800 $135,200
2021 $2,337 $169,000 $33,800 $135,200
2020 $2,034 $141,000 $28,200 $112,800
2019 $2,337 $141,000 $28,200 $112,800
2018 $2,005 $141,000 $28,200 $112,800
2017 $2,236 $164,000 $32,800 $131,200
2016 $2,689 $203,961 $65,266 $138,695
2015 $2,643 $200,898 $64,286 $136,612
2014 $2,660 $196,963 $63,027 $133,936
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20070217

California Regional Multiple Listing Service (CRMLS)

APN: 5144-026-126