NOT LISTED FOR SALE

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

Downtown LA Neighborhood

Estimated Value: $543,000 - $917,000

2 Beds
2 Baths
1,080 Sq Ft
0.66 Acres

Highlights

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

About This Home

As of November 2020

New York Vibe in this Top Floor Historic Penthouse located at The Douglas Building that was built in 1899 and renovated in 2005. Exposed Brick Walls, High Ceilings and Stunning City Views are what you get in this historic-modern 2 Bedroom, 2 Bath condominium. Located a short walk to the popular eatery-filled Grand Central Market and all the northern-end Historic Core has to offer with The Broad Museum, MOCA, Walt Disney Concert Hall, The Music Center and Redbird Restaurant also a short distance. Condo includes 2 car assigned parking spaces with 1 space in garage with direct building access and the other is on a secured lot. One of the few condos in this building with 2 bathrooms and 2 parking. One of the bedrooms is loft style. Excellent credit and references are a must.

Last Agent to Rent the Property

Yvonne Neustadter

The Property Lab, Inc. License #01882489 Listed on: 10/09/2020

Co-Listed By

Ixia McGee

The Property Lab, Inc. License #02052212

Last Renter's Agent

Yvonne Neustadter

The Property Lab, Inc. License #01882489 Listed on: 10/09/2020

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1899 | Remodeled

Lot Details

  • 0.66

Parking

  • 1 Car Garage
  • Assigned Parking

Interior Spaces

  • 1,080 Sq Ft Home
  • Wood Flooring
  • City Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $2,900
  • Tenant pays for electricity, cable TV
  • Rent includes association dues, trash collection, water, gas
  • 12 Month Lease Term
  • Assessor Parcel Number 5149-008-086

Community Details

Overview

  • 50 Units
  • 5-Story Property

Amenities

  • Elevator

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security
  • Card or Code Access

Condo Details

Home Type

Condominium

Year Built

Built in 1899 | Remodeled

Lot Details

0.66 Acres

Parking

1

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Rent Excludes: anything that the HOA dues do not cover which are electric, cable and internet.
  • Rent Includes: Association Dues, Trash Collection, Water, Gas
  • Security Deposit: 2900
  • Tenant Pays: Electricity, Cable TV

Listing Details

  • Property Type: Residential Lease
  • Style: Architectural
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Advertising Remarks: New York Vibe in this Top Floor Historic Penthouse located at The Douglas Building that was built in 1898 and renovated in 2005. Exposed Brick Walls, High Ceilings and Stunning City Views are what you get in this historic-modern 2 Bedroom, 2 Bath condominium. Located a short walk to the popular eatery-filled Grand Central Market and all the northern-end Historic Core has to offer with The Broad Museum, MOCA, Walt Disney Concert Hall, The Music Center and Redbird Restaurant also a short distance. Condo includes 2 car assigned parking spaces with 1 space underground parking with direct building access and the other is on a secured lot. One of the few condominiums in this building of this size with 2 bathrooms and 2 parking. One of the bedrooms is loft style. Excellent credit and references are a must.
  • Lease Terms: 1+Year
  • Living Area: 1080
  • Lot Acreage: 0.6616
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 5
  • Year Built: 1899
  • Builders Tract Name: The Douglas Building
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Wood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Microwave, Refrigerator, Washer, Dryer, Range/Oven, Dishwasher
  • Price Per S Q F T: 2.69

Exterior Features

  • Pool: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Assigned
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Card/Code Access

Association/Amenities

  • Amenities: Controlled Access, Elevator, Security
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5149-008-086
  • Lot Size Area: 28817

Multi Family

  • Number Of Units: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2012
Sold by
U S Bank National Association
Bought by
Yacoob Gabrielle Alexandra
Current Estimated Value
$725,900

Purchase Details

Closed on
Sep 6, 2011
Sold by
Reaume Jacqueline F
Bought by
U S Bank National Association

Purchase Details

Closed on
Sep 15, 2005
Sold by
257 Spring Street Llc
Bought by
Reaume Jacqueline F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Yacoob Gabrielle Alexandra $445,000 Lsi Title Company Ca
U S Bank National Association $393,741 Accommodation
Reaume Jacqueline F $685,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reaume Jacqueline F $548,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2020 11/19/20 Rented $2,900 0.0% --
11/10/2020 11/10/20 Under Contract -- -- --
10/09/2020 10/09/20 For Rent $2,900 -- --
Source: The MLS

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 $2,684 $200,000 $40,000 $160,000
2024 $2,684 $200,000 $40,000 $160,000
2023 $2,677 $200,000 $40,000 $160,000
2022 $2,602 $200,000 $40,000 $160,000
2021 $2,711 $209,000 $41,800 $167,200
2019 $2,775 $228,000 $45,600 $182,400
2018 $2,968 $228,000 $45,600 $182,400
2016 $3,012 $234,000 $46,800 $187,200
2015 $3,007 $234,000 $46,800 $187,200
2014 $2,617 $234,000 $46,800 $187,200
Source: Public Records

Agents Affiliated with this Home

  • Yvonne Neustadter

    Landlord's Agent in 2020

    Yvonne Neustadter

    The Property Lab, Inc.

    (310) 248-0047

    25 in this area

    48 Total Sales

    Yvonne Neustadter
    Section Image
  • Ixia McGee

    Landlord's Co-Listing Agent in 2020

    Ixia McGee

    The Property Lab, Inc.

    (818) 634-7634

    5 Total Sales

    Ixia McGee
    Section Image
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About Douglas Building Lofts

Map

Source: The MLS

MLS Number: 20-644266

The MLS

APN: 5149-008-086

California Los Angeles County Los Angeles 90012 Downtown LA

257 S Spring St Unit PHP, Los Angeles, CA

Not Listed for Sale

Condos

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