NOT LISTED FOR SALE

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

Downtown LA Neighborhood

Estimated Value: $675,000 - $911,000

1 Bed
2.5 Baths
1,387 Sq Ft
0.66 Acres

Last Sold April 04, 2014

Last sale price $715,000 $516 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,995/month

187 Days on Market

Highlights

  • 0.66 Acre Lot
  • Loft
  • Crown Molding
  • Wood Flooring
  • High Ceiling
  • 5-minute walk to Spring Street Park

About This Home

As of April 2014

Built in 1899 by architects James & Merrit Reid, this beautiful Penthouse in the Douglas Building is located in the vibrant Old Bank District of DTLA. This spacious unit features a great fusion of old & new w/ hwd floors, soaring 23' ceilings, exposed brick walls, & an entire wall of original, restored double-hung windows that allow plenty of natural light. The modern Poggen Pohl kitchen comes w/ Bosch stainless appliances & views of City Hall & mountains beyond. This unit offers a separate BD area and BR, oversized LR w/ potential for 2nd BD, & a spiral staircase up to the loft & BR. Both large full BR are Waterworks BR w/ deep soaking tubs. W/ its Historical Designation, the Douglas Building qualifies for Mills Act tax savings for significant property tax reduction. This unit also comes w/ stackable washer/dryer & 1 secured underground pkg space. 2 blocks from the Metro Station & Grand Central Market, restaurants, galleries, farmer's market & Flea Market.

Last Listed By

Janice McGlashan

Coldwell Banker Realty License #01041976 Listed on: 09/20/2013

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,393

Year Built

  • Built in 1899

Lot Details

  • 0.66

Home Design

  • Composition Roof

Interior Spaces

  • 1,387 Sq Ft Home
  • Crown Molding
  • Brick Wall or Ceiling
  • High Ceiling
  • Blinds
  • Entryway
  • Living Room
  • Loft
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

Parking

  • Parking Available
  • Parking Lot

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5149008078

Community Details

Overview

  • 50 Units
  • Prime Association

Pet Policy

  • Pet Restriction

Security

  • Security Guard
  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,393

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Security: Card/Code Access, Guarded, Smoke Detector(s)
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: LAC4
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5149008078
  • Year Built: 1899
  • Special Features: None

Interior Features

  • Living Area: 1387.00
  • Interior Amenities: Brick Walls, Crown Molding, High Ceilings
  • Entry Location: Penthouse
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: Two
  • Price Per Square Foot: 515.50
  • Room Type: Entry, Kitchen, Living Room, Loft, Master Bedroom
  • Window Features: Blinds

Exterior Features

  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, In Closet, Inside, Stackable, Washer Included
  • Sewer: Other
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Controlled Access, Gas, Pet Rules
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Association Management: Prime Association

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 28817.00
  • Lot Size Acres: 0.6600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 28817.0000 Square Feet
  • Number Of Units In Community: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2023
Sold by
Dougherty Edward J
Bought by
Thornton Christine and Henry Brian
Total Days on Market
187
Current Estimated Value
$839,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Outstanding Balance
$718,199
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$121,227

Purchase Details

Listed on
Sep 20, 2013
Closed on
Apr 1, 2014
Sold by
Lin Helen H
Bought by
Dougherty Edward J
Seller's Agent
Janice McGlashan
Coldwell Banker Realty
List Price
$729,000
Sold Price
$715,000
Premium/Discount to List
-$14,000
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.45%
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

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Range of Values:

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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
04/04/2014 04/04/14 Sold $715,000 +21566.7% $516 / Sq Ft
03/26/2014 03/26/14 Pending -- -- --
11/11/2013 11/11/13 Rented $3,300 0.0% --
11/10/2013 11/10/13 Under Contract -- -- --
10/05/2013 10/05/13 For Rent $3,300 0.0% --
09/20/2013 09/20/13 For Sale $729,000 -- $526 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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
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

  • Janice McGlashan

    Seller's Agent in 2014

    Janice McGlashan

    Coldwell Banker Realty

    (818) 949-5230

    1 in this area

    132 Total Sales

    Janice McGlashan
    Section Image
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About Douglas Building Lofts

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22180120

Pasadena-Foothills Association of REALTORS®

APN: 5149-008-078

California Los Angeles County Los Angeles 90012 Downtown LA

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

This home is located at 257 S Spring St Unit PH C, Los Angeles, CA 90012 since 20 September 2013 and is currently estimated at $839,426, approximately $605 per square foot. This property was built in 1899. 257 S Spring St Unit PH C 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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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