Douglas Building Lofts 257 S Spring St Unit PENTC Los Angeles, CA 90012
Downtown LA NeighborhoodEstimated Value: $675,000 - $911,000
1
Bed
2.5
Baths
1,387
Sq Ft
$638/mo
HOA Fee
Highlights
- Penthouse
- 0.66 Acre Lot
- Home Office
- City Lights View
- Wood Flooring
- 5-minute walk to Spring Street Park
About This Home
As of February 2023Significant 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 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
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%
Total Days on Market
87
Views
44
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$85,574
Avg. Annual Appreciation
-4.08%
Original Mortgage
$740,000
Outstanding Balance
$718,199
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$121,227
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
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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 |
|---|---|---|---|---|
| 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
53 Total Sales
-
L
Buyer's Agent in 2023
Lauren Tizabi
Compass
About Douglas Building Lofts
Map
Source: The MLS
MLS Number: 22-206335
APN: 5149-008-078
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© 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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