NOT LISTED FOR SALE

Textile Building Lofts 315 E 8th St Unit 703 Los Angeles, CA 90014

Downtown LA Neighborhood

Estimated Value: $394,324 - $497,000

1 Bed
1 Bath
660 Sq Ft
7,362 Sq Ft Lot

Last Sold July 23, 2012

Last sale price $185,000 $280 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $2,454/month

6 Days on Market

Highlights

  • Fitness Center
  • City Lights View
  • Sundeck
  • In Ground Pool
  • Modern Architecture
  • Elevator

About This Home

As of July 2012

The historic textile Building, in the heart of the fashion district/flower market in Downtown LA features Live/Work loft homes. Unit features Downtown LA- Panoramic skyline and mountain views through large industrial windows. Newer stainless steel kitchen counters and sink, with stainless steel range/oven & refrigerator. Polished concrete floors, separate bedroom area with large closet space. Washer/dryer hookups in bathroom, corner unit with open views to city. Complex is historically designated "Mills Act" for 50% annual savings on property taxes. Shared amenities with Santee Village includes swimming pool, rooftop spas & patios, BBQ, gym, basketball court and driving range. Building is Mills Act approved giving owners substantial property tax savings. FANNIE MAE HOMEPATH PROPERTY, PURCHASE WITH AS LITTLE AS 3% DOWN. APPROVED FOR HOMEPATH MORTGAGE FINANCING. AGENTS-see private remarks for specific showing instructions.

Last Agent to Sell the Property

Andrew Rhoda

Carolwood Estates License #01879250 Listed on: 05/31/2012

Carolwood Estates

Co-Listed By

Danny Mahelka

Coldwell Banker Realty License #01170359

Last Buyer's Agent

Crystal Heatherly

DPP License #01474827

DPP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,480

Year Built

  • Built in 1925

Lot Details

  • 7,362

Parking

  • Parking Garage Space

Home Design

  • Modern Architecture

Interior Spaces

  • 660 Sq Ft Home
  • Dining Area
  • Concrete Flooring
  • City Lights Views
  • Laundry Room

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5145-003-055

Community Details

Overview

  • 64 Units

Amenities

  • Sundeck
  • Laundry Facilities
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,480

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: Textile Building Lofts
  • Entry Floor: 12
  • Living Area: 660
  • Planned Urban Dev: 0
  • Unit Floor In Building: 12
  • Year Built: 1925
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Cement
  • Bedrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community, Inside
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 253.79

Exterior Features

  • Pool Description: Community
  • Pool: Yes
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Community Garage

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Elevator, Exercise Room, Pool, Spa, Sun Deck
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fees: 442.00

Lot Info

  • Assessor Parcel Number: 5145-003-055

Multi Family

  • Number Of Units: 64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2012
Closed on
Jun 27, 2012
Sold by
Federal National Mortgage Association
Bought by
Hearl Timothy J
Seller's Agent
Andrew Rhoda
Carolwood Estates
Buyer's Agent
Crystal Heatherly
DPP
List Price
$167,500
Sold Price
$185,000
Premium/Discount to List
$17,500
10.45%
Current Estimated Value
$427,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,831
Avg. Annual Appreciation
6.58%
Original Mortgage
$175,750
Outstanding Balance
$121,522
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$305,032

Purchase Details

Closed on
Apr 2, 2012
Sold by
Mcnair Patricia Ann
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 8, 2006
Sold by
Santee Court Phase Iii Condo Lp
Bought by
Mcnair Patricia Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,795
Interest Rate
6.67%
Mortgage Type
Stand Alone Second
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
Hearl Timothy J $185,000 Lsi Title Company Inc
Federal National Mortgage Association $303,421 None Available
Mcnair Patricia Ann $379,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hearl Timothy J $20,000
Open Hearl Timothy J $175,750
Previous Owner Mcnair Patricia Ann $75,795
Previous Owner Mcnair Patricia Ann $303,182
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2012 07/23/12 Sold $185,000 +10.4% $280 / Sq Ft
06/06/2012 06/06/12 Pending -- -- --
05/31/2012 05/31/12 For Sale $167,500 -- $254 / 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 $1,480 $114,000 $22,800 $91,200
2024 $1,480 $114,000 $22,800 $91,200
2023 $1,473 $114,000 $22,800 $91,200
2022 $1,428 $114,000 $22,800 $91,200
2021 $2,159 $176,000 $35,200 $140,800
2019 $2,071 $161,000 $32,200 $128,800
2018 $2,010 $161,000 $32,200 $128,800
2016 $1,246 $103,000 $20,600 $82,400
2015 $1,244 $103,000 $20,600 $82,400
2014 $1,204 $103,000 $20,600 $82,400
Source: Public Records

Agents Affiliated with this Home

  • Andrew Rhoda

    Seller's Agent in 2012

    Andrew Rhoda

    Carolwood Estates

    (213) 915-8879

    66 Total Sales

    Andrew Rhoda
    Section Image
  • Danny Mahelka

    Seller Co-Listing Agent in 2012

    Danny Mahelka

    Coldwell Banker Realty

    (213) 359-4097

    58 Total Sales

    Danny Mahelka
    Section Image
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About Textile Building Lofts

Map

Source: The MLS

MLS Number: 12-603839

The MLS

APN: 5145-003-055

California Los Angeles County Los Angeles 90014 Downtown LA

315 E 8th St Unit 703, Los Angeles, CA

This home is located at 315 E 8th St Unit 703, Los Angeles, CA 90014 since 31 May 2012 and is currently estimated at $427,831, approximately $648 per square foot. This property was built in 1925. 315 E 8th St Unit 703 is a home located in Los Angeles County with nearby schools including Para Los Niños Charter Middle School, John Adams Middle School, and Santee Education Complex.

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