NOT LISTED FOR SALE

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

Downtown LA Neighborhood

Estimated Value: $669,505 - $825,000

2 Beds
2.5 Baths
1,370 Sq Ft
0.66 Acres

Last Sold December 14, 2012

Last sale price $592,000 $432 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,195/month

20 Days on Market

Highlights

  • Penthouse
  • Wood Flooring
  • Elevator
  • City Lights View
  • Loft
  • 4-minute walk to Spring Street Park

About This Home

As of December 2012

Rare opportunity to own one of the Penthouse homes at the classic Douglas Lofts. This unit offers 2 separate, private bedrooms and baths located on either side of the open kitchen/dining and living areas along with an additional upstairs loft with a half bath. The Douglas Lofts were meticulously remodeled keeping the original 1898 hardwood floors, exposed brick walls, high ceilings and huge, restored double-hung windows. This home features a state-of-the-art Poggen Pohl kitchen with Bosch appliances and beautiful Waterworks bathrooms with deep soaking tubs. Custom pantry and closet build-outs round out the finishing touches. Also included is a washer and dryer. And it comes with one secured underground parking space with direct access to the building. This is a Mills Act Approved building which brings substantial property tax savings to the owner. The Douglas Lofts are located in the Historic Core of downtown near many shops, restaurants, parks and theaters.

Last Agent to Sell the Property

Bill Cooper

Coldwell Banker Exclusive License #01309009 Listed on: 10/20/2012

Coldwell Banker Exclusive

Last Buyer's Agent

Richard H Parrot

Coldwell Banker Realty License #01390971

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,586

Year Built

  • Built in 1898

Lot Details

  • 0.66

Parking

  • Parking Garage

Home Design

  • Penthouse
  • Composition Roof

Interior Spaces

  • 1,370 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Loft
  • Wood Flooring
  • City Lights Views
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5149-008-077

Community Details

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • Controlled Access

Additional Features

  • 50 Units
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,586

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: Douglas Lofts
  • Entry Floor: 5
  • Living Area: 1370
  • Planned Urban Dev: 0
  • Stories: 2
  • Unit Floor In Building: 5
  • Year Built: 1898
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 2.50
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 437.23

Exterior Features

  • Balcony: None
  • Tennis Court Y/N: No
  • Exposure: Northern
  • Pool: No
  • Roof: Composition
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Community Garage, Subterranean
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Earth Quake Ins: 0
  • Heating: Central
  • Security: Community

Association/Amenities

  • Amenities: Controlled Access, Elevator
  • Pet Rules: Yes

Condo/Co-op/Association

  • Assessments: None
  • HOA Fees: 598.00
  • Unit Location: Top Floor

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 5149-008-077

Multi Family

  • Number Of Units: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2012
Closed on
Nov 16, 2012
Sold by
Flueckiger Joseph R and Flueckiger Julie Ramirez
Bought by
Nguyen Dat
Seller's Agent
Bill Cooper
Coldwell Banker Exclusive
Buyer's Agent
Richard H Parrot
Coldwell Banker Realty
List Price
$599,000
Sold Price
$592,000
Premium/Discount to List
-$7,000
-1.17%
Current Estimated Value
$731,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,626
Avg. Annual Appreciation
1.48%
Original Mortgage
$473,600
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2005
Sold by
257 Spring Street Llc
Bought by
Flueckiger Joseph R and Flueckiger Julie Ramirez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
5%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Nguyen Dat $592,000 Fidelity National Title Co
Flueckiger Joseph R $610,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Dat $830,000
Closed Nguyen Dat T $238,700
Closed Nguyen Dat $473,600
Previous Owner Flueckiger Joseph R $105,400
Previous Owner Flueckiger Joseph R $488,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2012 12/14/12 Sold $592,000 -1.2% $432 / Sq Ft
11/09/2012 11/09/12 Pending -- -- --
10/20/2012 10/20/12 For Sale $599,000 -- $437 / 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 $2,586 $199,000 $39,800 $159,200
2024 $2,586 $199,000 $39,800 $159,200
2023 $2,579 $199,000 $39,800 $159,200
2022 $2,507 $199,000 $39,800 $159,200
2021 $2,603 $207,000 $41,400 $165,600
2019 $2,667 $225,000 $45,000 $180,000
2018 $2,847 $225,000 $45,000 $180,000
2016 $4,691 $382,000 $119,000 $263,000
2015 $4,686 $382,000 $119,000 $263,000
2014 $2,506 $382,000 $119,000 $263,000
Source: Public Records

Agents Affiliated with this Home

  • Bill Cooper

    Seller's Agent in 2012

    Bill Cooper

    Coldwell Banker Exclusive

    (310) 721-2455

    21 in this area

    35 Total Sales

    Bill Cooper
    Section Image
  • Richard H Parrot

    Buyer's Agent in 2012

    Richard H Parrot

    Coldwell Banker Realty

    (310) 968-1952

    Richard H Parrot
    Section Image
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About Douglas Building Lofts

Map

Source: The MLS

MLS Number: 12-631137

The MLS

APN: 5149-008-077

California Los Angeles County Los Angeles 90012 Downtown LA

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

This home is located at 257 S Spring St Unit PH B, Los Angeles, CA 90012 since 20 October 2012 and is currently estimated at $731,626, approximately $534 per square foot. This property was built in 1898. 257 S Spring St Unit PH B 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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