NOT LISTED FOR SALE

257 S Spring St Unit 3B Los Angeles, CA 90012

Downtown LA Neighborhood

Estimated Value: $393,000 - $486,000

-- Bed
1 Bath
700 Sq Ft
0.66 Acres

Highlights

  • 24-Hour Security
  • 0.66 Acre Lot
  • Detached Garage
  • City Lights View
  • Wood Flooring
  • 4-minute walk to Spring Street Park

About This Home

As of September 2024

Rare opportunity to reside in the beautifully restored 1899 historic Douglas Building, located in the heart of the historic core. This 700 sqft studio, featuring one bathroom, offers meticulously restored original wooden floors and large windows that flood the space with sunlight. Enjoy the convenience of walking to The Grand Avenue Project, Disney Hall, Ralph's, Staples Center, Little Tokyo, and more. Parking is included in the rent, with a nearby covered parking space. All appliances are included. Security guard on site

Last Agent to Rent the Property

Justin Borges

eXp Realty of Greater Los Angeles License #01940318 Listed on: 06/26/2024

eXp Realty of Greater Los Angeles

Last Renter's Agent

Justin Borges

Keller Williams Downtown LA License #01940318

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,763

Year Built

  • Built in 1899

Lot Details

  • 0.66

Interior Spaces

  • 700 Sq Ft Home
  • 4-Story Property
  • City Lights Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Automatic Gate
  • Off-Site Parking

Additional Features

  • Historic Home
  • Central Heating and Cooling System

Community Details

  • 24-Hour Security

Listing and Financial Details

  • Security Deposit $2,299
  • $250 Move-In Fee
  • Tenant pays for gas, electricity, water
  • 12 Month Lease Term
  • Assessor Parcel Number 5149-008-051

Condo Details

Home Type

Condominium

Est. Annual Taxes

$1,763

Year Built

Built in 1899

Lot Details

0

Rental Info

  • Credit Report Amount: 50.00
  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Deposit Key: 100.00
  • Rent Excludes: Water, Electricity, Gas
  • Security Deposit: 2299
  • Tenant Pays: Gas, Electricity, Water
  • Total Move In Costs: 250.00

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Style: Architectural
  • Single Family Or Apt: Condo/Apt
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: Rare opportunity to reside in the beautifully restored 1899 historic Douglas Building, located in the heart of the historic core. This 700 sqft studio, featuring one bathroom, offers meticulously restored original wooden floors and large windows that flood the space with sunlight. Enjoy the convenience of walking to The Grand Avenue Project, Disney Hall, Ralph's, Staples Center, Little Tokyo, and more. Parking is included in the rent, with a nearby covered parking space. All appliances are included. Security guard on site
  • Entry Location: Mid Level
  • Lease Terms: 1+Year
  • Living Area: 700
  • Lot Acreage: 0.6618
  • Stories: 4
  • Year Built: 1899
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Wood, Stone Tile, Tile
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Laundry Closet Stacked
  • Total Bathrooms: 1.00
  • Equipment: Washer, Range/Oven, Refrigerator, Microwave, Dishwasher, Dryer, Elevator
  • Price Per S Q F T: 3.28

Exterior Features

  • Other Features: Historical
  • Pool: No
  • View: City Lights, City
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Detached, Offsite

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate, Guarded

Association/Amenities

  • Amenities: Security

Lot Info

  • Assessor Parcel Number: 5149-008-051
  • Lot Size Area: 28826

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2011
Sold by
Erickson Patrick A
Bought by
Chan Kelly
Current Estimated Value
$427,851

Purchase Details

Closed on
May 4, 2005
Sold by
257 Spring Street Llc
Bought by
Erikson Patrick A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.37%
Mortgage Type
Fannie Mae Freddie Mac
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
Chan Kelly $187,000 California Title Company
Erikson Patrick A $350,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Erikson Patrick A $280,000
Closed Erikson Patrick A $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2024 09/28/24 Rented $2,200 -4.3% --
09/24/2024 09/24/24 Under Contract -- -- --
06/26/2024 06/26/24 For Rent $2,299 -- --
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 $1,763 $130,000 $26,000 $104,000
2024 $1,763 $130,000 $26,000 $104,000
2023 $1,760 $130,000 $26,000 $104,000
2022 $1,712 $130,000 $26,000 $104,000
2021 $1,771 $135,000 $27,000 $108,000
2019 $1,874 $163,000 $32,600 $130,400
2018 $2,124 $163,000 $32,600 $130,400
2016 $1,380 $102,000 $20,400 $81,600
2015 $2,152 $102,000 $20,400 $81,600
2014 $1,853 $102,000 $20,400 $81,600
Source: Public Records

Agents Affiliated with this Home

  • Justin Borges

    Landlord's Agent in 2024

    Justin Borges

    eXp Realty of Greater Los Angeles

    (323) 684-4421

    9 in this area

    103 Total Sales

    Justin Borges
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Map

Source: The MLS

MLS Number: 24-408899

The MLS

APN: 5149-008-051

California Los Angeles County Los Angeles 90012 Downtown LA

257 S Spring St Unit 3B, Los Angeles, CA

This home is located at 257 S Spring St Unit 3B, Los Angeles, CA 90012 since 26 June 2024 and is currently priced at $427,851. This property was built in 1899. 257 S Spring St Unit 3B 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.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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