NOT LISTED FOR SALE

Douglas Building Lofts 257 S Spring St Unit 2C Los Angeles, CA 90012

Downtown LA Neighborhood

Estimated Value: $459,000 - $540,000

1 Bed
1 Bath
710 Sq Ft
$787/mo HOA Fee

Last Sold February 09, 2022

Last sale price $510,000 $718 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,652/month

123 Days on Market

Highlights

  • 0.66 Acre Lot
  • Loft
  • 1 Car Attached Garage
  • Wood Flooring
  • High Ceiling
  • 4-minute walk to Spring Street Park

About This Home

As of February 2022

Spacious loft at the Historic Douglas Building. Pristine and move-in ready. This light-filled unit with exposed brick features newly refinished hardwood and historic tile floor (original from 1899), new paint, recently upgraded Poggenpohl Kitchen with built-in Bosch refrigerator and all Bosch appliances. Full size LG washer and dryer, one assigned parking space, central A/C and heat, Nest Thermostat. Large bathroom with travertine floors and Waterworks plumbing fixtures. This one of a kind gem in Central Historic Core offers many walkable destinations including Grand Central Market, Little Tokyo, City Hall, Grand Park, Disney Concert Hall and the Music Center. The Douglas Building is a Mills Act designated Historic Monument with huge property tax savings.

Last Agent to Sell the Property

Anita To

Berkshire Hathaway Home Servic License #01853530 Listed on: 09/09/2021

Berkshire Hathaway Home Servic

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,789

Year Built

  • Built in 1899 | Remodeled

Lot Details

  • Two or More Common Walls
  • Sprinkler System

HOA Fees

  • $787 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Available

Interior Spaces

  • 710 Sq Ft Home
  • Built-In Features
  • Brick Wall or Ceiling
  • High Ceiling
  • Loft

Kitchen

  • Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Stone Bathroom Countertops
  • Bathtub
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Alarm System
  • Pest Guard System

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 5149008039

Community Details

Overview

  • Master Insurance
  • Douglas Lofts Property Owner Association, Phone Number (800) 706-7858
  • Maintained Community

Recreation

  • Dog Park

Security

  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,789

Year Built

Built in 1899 | Remodeled

Lot Details

0

HOA Fees

$787 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Butcher Block shelves in kitchen
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Douglas Lofts Property Owners Association
  • View: No
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Loft
  • Property Type: Residential
  • Parcel Number: 5149008039
  • Year Built: 1899
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 710.00 Square Feet
  • Interior Amenities: Brick Walls, Built-in Features, High Ceilings
  • Entry Location: 2nd Floor
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 725.35
  • Room Type: Kitchen, Loft
  • Bathroom Features: Bathtub, Exhaust Fan(s), Stone Counters

Exterior Features

  • Patio: No
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Total Parking Spaces: 1.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Microwave, Refrigerator, Self Cleaning Oven
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet, Stackable, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Call for Rules, Controlled Access, Insurance, Maintenance Grounds, Management, Pest Control, Security, Trash, Water
  • Association Fee: 787.00
  • Association Fee Frequency: Monthly
  • Association Name: Douglas Lofts Property Owner Association
  • Phone: 1-800-706-7858
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Dog Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 28817.00
  • Lot Size Acres: 0.6615

Multi Family

  • Lease Considered: No
  • Lot Size Area: 28817.0000 Square Feet

Tax Info

  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Jan 12, 2022
Sold by
Sommerville Jeffrey W
Bought by
Son Jin Mi and Richeson Marcus Dyer
Seller's Agent
Anita To
Berkshire Hathaway Home Servic
List Price
$515,000
Sold Price
$510,000
Premium/Discount to List
-$5,000
-0.97%
Current Estimated Value
$499,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,543
Avg. Annual Appreciation
-0.82%
Original Mortgage
$459,000
Outstanding Balance
$427,077
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$68,296

Purchase Details

Closed on
May 4, 2005
Sold by
257 Spring Street Llc
Bought by
Sommerville Jeffrey W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,622
Interest Rate
5.37%
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
Son Jin Mi $510,000 Chicago Title
Sommerville Jeffrey W $313,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Son Jin Mi $459,000
Previous Owner Sommerville Jeffrey W $350,000
Previous Owner Sommerville Jeffrey W $227,000
Previous Owner Sommerville Jeffrey W $237,595
Previous Owner Sommerville Jeffrey W $250,622
Closed Sommerville Jeffrey W $31,327
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2022 02/09/22 Sold $510,000 -1.0% $718 / Sq Ft
09/09/2021 09/09/21 For Sale $515,000 -- $725 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $1,789 $132,000 $26,400 $105,600
2024 $1,789 $132,000 $26,400 $105,600
2023 $1,786 $132,000 $26,400 $105,600
2022 $1,737 $132,000 $26,400 $105,600
2021 $1,797 $137,000 $27,400 $109,600
2019 $1,899 $165,000 $33,000 $132,000
2018 $2,150 $165,000 $33,000 $132,000
2016 $2,776 $219,000 $65,700 $153,300
2015 $2,773 $219,000 $65,700 $153,300
2014 $1,879 $219,000 $65,700 $153,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Anita To

    Berkshire Hathaway Home Servic

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About Douglas Building Lofts

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-6597

Pasadena-Foothills Association of REALTORS®

APN: 5149-008-039

California Los Angeles County Los Angeles 90012 Downtown LA

257 S Spring St Unit 2C, Los Angeles, CA

This home is located at 257 S Spring St Unit 2C, Los Angeles, CA 90012 since 09 September 2021 and is currently estimated at $499,457, approximately $703 per square foot. This property was built in 1899. 257 S Spring St Unit 2C is a home located in Los Angeles County with nearby schools including Para Los Niños Charter Middle School, Sal Castro Middle School, and Ramón C. Cortines School of Visual and Performing Arts.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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