NOT LISTED FOR SALE

Estimated Value: $478,000 - $523,000

1 Bed
1 Bath
840 Sq Ft
0.66 Acres

Highlights

  • Gated with Attendant
  • 0.66 Acre Lot
  • Loft
  • City View
  • Wood Flooring
  • 4-minute walk to Spring Street Park

About This Home

As of November 2023

For Lease--The Douglas Building (DB), located at the northwest corner of S Spring and W 3rd Streets in Downtown Los Angeles (DTLA), was completed in 1899 as an office building by the estate of Thomas Douglas Stimson, and is one of the most sought after adaptive re-use addresses in the Central City. Designed by Reid Brothers Architects in the "Classic Revival Style," the DB is designated by the Cultural Heritage Commission of the City of Los Angeles as Historical Cultural Monument No. 966, is located just two blocks south of City Hall and one block from the Grand Central Market. Unit 2K is a beautiful loft-style space with exposed brick and a great depth between the entry and the windows. In 2005, the DB was sold-out before it even opened. The developer took great care to utilize as much historic fabric is possible, but the units themselves, including all utilities, were new construction. The living space and kitchen is open loft-style, with a high ceiling. The wood floors are original, the full bathroom features a Waterworks bathtub and fixtures, and the kitchen has high-end Poggenpohl cabinets and countertops, as well as Bosch appliances, including a gas stovetop. Convenient parking is available for lease in one of three structures steps from the DB lobby. The DB is a dog (and cat!) loving building and the Police Headquarters "dog park" lawn is only a block away at Spring and Second Streets, as is the new Regional Connector subway station. Although the DB has no amenities, DTLA itself is the amenity, including the Grand Central Market, Grand Park, the Music Center, The Broad and many restaurants and bars within easy walking distance. We hope you'll come to see Unit 2K soon!

Last Agent to Rent the Property

Hal Bastian

Amalgamated Metropolitan Properties, Inc License #00854666 Listed on: 10/27/2023

Last Renter's Agent

Hal Bastian

Amalgamated Metropolitan Properties, Inc License #00854666 Listed on: 10/27/2023

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,105

Year Built

  • Built in 1899

Lot Details

  • South Facing Home

Parking

  • Automatic Gate

Interior Spaces

  • 840 Sq Ft Home
  • 1-Story Property
  • Brick Wall or Ceiling
  • High Ceiling
  • Loft
  • Wood Flooring
  • City Views
  • Alarm System

Kitchen

  • Galley Kitchen
  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Central Water Heater
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $2,200
  • Tenant pays for electricity, cable TV, gas, insurance, move in fee
  • Rent includes association dues, trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 5149-008-045

Community Details

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Card or Code Access
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,105

Year Built

Built in 1899

Lot Details

0

Rental Info

  • Credit Report Amount: 38.00
  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Rent Includes: Association Dues, Trash Collection, Water
  • Security Deposit: 2200
  • Tenant Pays: Electricity, Cable TV, Gas, Insurance, Move In Fee

Listing Details

  • Property Type: Residential Lease
  • Style: Architectural
  • Single Family Or Apt: Condo/Apt
  • Levels: One
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 840
  • Lot Acreage: 0.6616
  • Planned Urban Dev: 0
  • Year Built: 1899
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Interior Amenities: Brick Walls, Elevator
  • Flooring: Wood
  • Appliances: Cooktop - Gas, Microwave, Oven-Electric
  • 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
  • Kitchen Features: Galley Kitchen
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Alarm System, Cable, Dishwasher, Dryer, Refrigerator, Freezer, Garbage Disposal, Washer, Microwave, Gas Dryer Hookup, Elevator, Network Wire
  • Price Per S Q F T: 2.62

Exterior Features

  • Direction Faces: South
  • Construction: Brick
  • Other Features: High Ceilings (9 Feet+)
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Central Water Heater
  • Cooling: Air Conditioning, Central, Heat Pump(s)
  • Heating: Central, Heat Pump
  • Security: Community, Card/Code Access, Fire and Smoke Detection System, Automatic Gate, Fire Sprinklers, Guarded

Association/Amenities

  • Pet Rules: Yes

Lot Info

  • Assessor Parcel Number: 5149-008-045
  • Lot Size Area: 28817

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2011
Sold by
Whetler Delbert
Bought by
Stodden David and Li Jing Hua
Current Estimated Value
$503,012

Purchase Details

Closed on
Feb 23, 2007
Sold by
Whetter Sanaz
Bought by
Whetter Delbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,400
Interest Rate
6.23%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 31, 2007
Sold by
Stabile Richard P and Stabile Michelle M
Bought by
Whetter Delbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,400
Interest Rate
6.23%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 4, 2005
Sold by
257 Spring Street Llc
Bought by
Stabile Richard P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
5.12%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Stodden David $210,000 Lawyers Title
Whetter Delbert -- Gateway Title Company
Whetter Delbert $514,000 Gateway Title Company
Stabile Richard P $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whetter Delbert $51,400
Previous Owner Whetter Delbert $411,200
Previous Owner Stabile Richard P $328,000
Closed Stabile Richard P $40,590
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2023 11/08/23 Rented $2,200 0.0% --
11/03/2023 11/03/23 Price Changed $2,200 -6.4% $3 / Sq Ft
10/27/2023 10/27/23 For Rent $2,350 +9.3% --
06/04/2023 06/04/23 Rented $2,150 -4.4% --
05/12/2023 05/12/23 Price Changed $2,250 -10.0% $3 / Sq Ft
04/22/2023 04/22/23 For Rent $2,500 +35.1% --
01/24/2021 01/24/21 Rented $1,850 -2.6% --
01/23/2021 01/23/21 Under Contract -- -- --
01/17/2021 01/17/21 Price Changed $1,900 -2.6% $2 / Sq Ft
12/07/2020 12/07/20 Price Changed $1,950 -2.5% $2 / Sq Ft
10/25/2020 10/25/20 For Rent $2,000 -4.8% --
09/19/2019 09/19/19 Rented $2,100 0.0% --
09/17/2019 09/17/19 Under Contract -- -- --
08/22/2019 08/22/19 For Rent $2,100 -8.7% --
11/05/2018 11/05/18 Rented $2,300 0.0% --
10/17/2018 10/17/18 Price Changed $2,300 -4.2% $3 / Sq Ft
09/13/2018 09/13/18 For Rent $2,400 +11.6% --
07/14/2017 07/14/17 Rented $2,150 -4.4% --
07/10/2017 07/10/17 Under Contract -- -- --
06/14/2017 06/14/17 For Rent $2,250 +25.0% --
01/19/2012 01/19/12 Rented $1,800 0.0% --
01/19/2012 01/19/12 Under Contract -- -- --
01/10/2012 01/10/12 For Rent $1,800 -- --
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 $2,105 $156,000 $31,200 $124,800
2024 $2,105 $156,000 $31,200 $124,800
2023 $2,101 $156,000 $31,200 $124,800
2022 $2,042 $156,000 $31,200 $124,800
2021 $2,114 $162,000 $32,400 $129,600
2019 $2,239 $195,000 $39,000 $156,000
2018 $2,532 $195,000 $39,000 $156,000
2016 $1,521 $112,000 $22,400 $89,600
2015 $2,304 $112,000 $22,400 $89,600
2014 $2,216 $112,000 $22,400 $89,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-326053

The MLS

APN: 5149-008-045