NOT LISTED FOR SALE

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

Downtown LA Neighborhood

Estimated Value: $680,000 - $986,633

1 Bed
2.5 Baths
1,387 Sq Ft
$638/mo HOA Fee

Last Sold February 01, 2023

Last sale price $925,000 $667 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,786/month

87 Days on Market

Highlights

  • Penthouse
  • 0.66 Acre Lot
  • Home Office
  • City Lights View
  • Wood Flooring
  • 4-minute walk to Spring Street Park

About This Home

As of February 2023

Significant price improvement! This architectural two-level penthouse in the historic Douglas Building features 16ft + high ceilings, incredible light and dramatic north facing views of City Hall, St Vibianas and the new Grand by Gehry complex. Originally constructed as an office building in 1899, the Douglas was converted into 50 live/work lofts in 2005. With gorgeous hardwood floors, exposed brick walls and banks of panoramic windows, the large open floor plan living and dining area is perfect for entertaining and offers tremendous flexibility. One could even partition a section of the room off for use as a second bedroom if needed. The kitchen features custom Poggenpohl cabinetry, a new kitchen island with quartz counters, a spacious pantry and stainless appliances by Bosch and Fisher and Paykel. A separate laundry closet contains an almost new Thinq by LG vented washer/dryer stack. An enclosed primary bedroom suite has ample space for a king bed, custom blackout blinds and an ensuite primary bath with limestone countertops, Waterworks fixtures and a deep soaking tub. A second full guest bathroom is located on the opposite side of the unit. The mezzanine level upstairs is accessed by a spiral staircase and is an ideal space for a home office or TV room. A skylight provides terrific light and the space has its own powder room and access to a large storage room, a rarity in DTLA.The building's location at the corner of Spring and 3rd is the epicenter of great DTLA dining, including nearby Grand Central Market, all the great sushi and ramen of Little Tokyo, Red Bird, Badmaash and Blue Bottle Coffee. The unit has an assigned parking space in the underground garage and the Douglas Building is a Mills Act approved historical site that entitles owners to significant property tax savings. The building's elegant entry lobby features a security desk and the building is pet friendly and even offers a doggie run.

Last Agent to Sell the Property

Geoff Clark

Compass License #01487063 Listed on: 10/06/2022

Compass

Last Buyer's Agent

Lauren Tizabi

Compass License #01952829

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,393

Year Built

  • Built in 1899

Lot Details

  • 0.66

HOA Fees

  • $638 Monthly HOA Fees

Property Views

  • City Lights
  • Views of a landmark

Home Design

  • Penthouse
  • Split Level Home

Interior Spaces

  • 1,387 Sq Ft Home
  • Entryway
  • Living Room
  • Dining Area
  • Home Office
  • Center Hall

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 1 Bedroom
  • Powder Room

Laundry

  • Laundry in unit
  • Dryer

Home Security

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Parking Garage Space

Additional Features

  • North Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5149-008-078

Community Details

Overview

  • 50 Units
  • 5-Story Property

Amenities

  • Elevator
  • Community Storage Space

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,393

Year Built

Built in 1899

Lot Details

0

HOA Fees

$638 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: The Douglas Lofts
  • Entry Floor: 5
  • Living Area: 1387
  • Lot Acreage: 0.6616
  • Planned Urban Dev: 0
  • Stories: 5
  • Unit Floor In Building: 5
  • Year Built: 1899
  • Number Of Photos: 47
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Stone, Hardwood
  • Bedrooms: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Or Electric Dryer Hookup, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup
  • Price Per S Q F T: 698.63

Exterior Features

  • Direction Faces: North
  • Exposure: North
  • Pool: No
  • View: City, City Lights, Landmark
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Community Garage, Door Opener
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Card/Code Access, Fire and Smoke Detection System, Fire Sprinklers

Association/Amenities

  • Amenities: Controlled Access, Elevator, Extra Storage
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 637.81
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5149-008-078
  • Lot Size Area: 28817

Multi Family

  • Number Of Units: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Jan 23, 2023
Sold by
Dougherty Edward J
Bought by
Thornton Christine and Henry Brian
Seller's Agent
Geoff Clark
Compass
Buyer's Agent
Lauren Tizabi
Compass
List Price
$1,075,000
Sold Price
$925,000
Premium/Discount to List
-$150,000
-13.95%
Views
44
Current Estimated Value
$880,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,128
Avg. Annual Appreciation
-2.34%
Original Mortgage
$740,000
Outstanding Balance
$714,603
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$156,805

Purchase Details

Closed on
Apr 1, 2014
Sold by
Lin Helen H
Bought by
Dougherty Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2005
Sold by
257 Spring Street Llc
Bought by
Lin Helen H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
5.62%
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
Thornton Christine $925,000 Endpoint Title
Dougherty Edward J $715,000 Equity Title
Lin Helen H $590,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thornton Christine $740,000
Previous Owner Dougherty Edward J $329,900
Previous Owner Dougherty Edward J $450,000
Previous Owner Lin Helen H $472,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2023 02/01/23 Sold $925,000 -4.5% $667 / Sq Ft
01/01/2023 01/01/23 Pending -- -- --
11/28/2022 11/28/22 Price Changed $969,000 -2.6% $699 / Sq Ft
10/26/2022 10/26/22 Price Changed $995,000 -7.4% $717 / Sq Ft
10/06/2022 10/06/22 For Sale $1,075,000 -- $775 / Sq Ft
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 $3,393 $257,000 $51,400 $205,600
2024 $3,393 $257,000 $51,400 $205,600
2023 $3,386 $257,000 $51,400 $205,600
2022 $3,291 $257,000 $51,400 $205,600
2021 $3,426 $268,000 $53,600 $214,400
2019 $3,524 $292,000 $58,400 $233,600
2018 $3,755 $292,000 $58,400 $233,600
2016 $2,635 $201,000 $40,200 $160,800
2015 $2,952 $201,000 $40,200 $160,800
2014 $4,949 $393,000 $118,000 $275,000
Source: Public Records

Agents Affiliated with this Home

  • Geoff Clark

    Seller's Agent in 2023

    Geoff Clark

    Compass

    (323) 459-3845

    3 in this area

    52 Total Sales

    Section Image

  • L

    Buyer's Agent in 2023

    Lauren Tizabi

    Compass

See All Agents

About Douglas Building Lofts

Map

Source: The MLS

MLS Number: 22-206335

The MLS

APN: 5149-008-078

California Los Angeles County Los Angeles 90012 Downtown LA

257 S Spring St Unit PENTC, Los Angeles, CA

This home is located at 257 S Spring St Unit PENTC, Los Angeles, CA 90012 since 06 October 2022 and is currently estimated at $871,408, approximately $628 per square foot. This property was built in 1899. 257 S Spring St Unit PENTC 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.

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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