NOT LISTED FOR SALE

Estimated Value: $632,000 - $787,000

2 Beds
2 Baths
1,090 Sq Ft
$739/mo HOA Fee

Last Sold May 03, 2023

Last sale price $671,000 $616 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,434/month

41 Days on Market

Highlights

  • Spa
  • City Lights View
  • Clubhouse
  • Gated Community
  • Open Floorplan
  • 1-minute walk to South Park Commons

About This Home

As of May 2023

Here’s your chance to live in the heart of Downtown LA’s city living. This gorgeous home features 2 beds and 2 baths. This dramatic loft style condo on the 4th floor boasts north views of Downtown Los Angeles. As you enter the front door you are welcomed to an open layout and hardwood floors. This home features indoor laundry, high ceilings, a private balcony, stainless steel appliances, refrigerator, 2 full baths, and a glass wall partition. The seller just painted inside, upgraded the lights and installed new garbage disposal. This home also includes 2 assigned parking spaces in a private and secure covered garage. Centrally located in Downtown LA. Walking distance to Crypto.com Arena (Formerly Staples center), Los Angeles Convention Center, and Los Angeles bustling restaurant scene that features many of the best the city has to offer. Luxury amenities include: Full sized pool, private cabanas, outdoor shower, high end gym that features full weight sets, squat rack, treadmills, TRX station, punching bag, multi-purpose fitness room. Rooftop basketball court that features panoramic city views, private Dog Park, outdoor grill, billiards table, community work space, outdoor work spaces that features beautiful view of Downtown Los Angeles, gathering area that can be reserved for private events + kitchen station, media room, corn hole, schedule for a private viewing of this property. This home is 100% move in ready.

Last Agent to Sell the Property

Jordan Mangaliman

eXp Realty of Greater Los Angeles License #02138473 Listed on: 02/21/2023

eXp Realty of Greater Los Angeles

Co-Listed By

Ray Fernandez-Silva

Berkshire Hathaway HomeServices California Properties License #01755107

Last Buyer's Agent

Phil Missig

Berkshire Hathaway HomeServices California Properties License #01367402

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,938

Year Built

  • Built in 1923

Lot Details

  • Two or More Common Walls
  • Density is 36-40 Units/Acre

HOA Fees

  • $739 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • City Lights
  • Neighborhood

Interior Spaces

  • 1,090 Sq Ft Home
  • Open Floorplan
  • Living Room
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Outdoor Features

  • Spa
  • Living Room Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 54309
  • Assessor Parcel Number 5139020064
  • $564 per year additional tax assessments

Community Details

Overview

  • 30 Units
  • Grand Lofts Homeowners Association, Phone Number (626) 529-3918
  • Partners Community Management HOA

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse
  • Meeting Room
  • Card Room
  • Recreation Room

Recreation

  • Sport Court
  • Community Playground
  • Community Pool
  • Community Spa
  • Dog Park

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,938

Year Built

Built in 1923

Lot Details

0

HOA Fees

$739 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Dishwasher, Stove, Microwave, refrigerator, washer
  • Property Attached: Yes
  • Security: Gated Community
  • View: Yes
  • Zoning: LAR5
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5139020064
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1090.00 Square Feet
  • Interior Amenities: Balcony, Living Room Balcony, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: In Kitchen
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 615.60
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom
  • Spa Features: Association
  • Room Kitchen Features: Granite Counters

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Playground, Dog Park, Sport Court, Clubhouse, Card Room, Recreation Room, Meeting Room, Cable TV, Gas, Trash, Water, Security
  • Association Fee: 739.00
  • Association Fee Frequency: Monthly
  • Association Name: Grand Lofts Homeowners Association
  • Phone: 626-529-3918
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Dog Park
  • Association Management: Partners Community Management

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 18467.00
  • Lot Size Acres: 0.4239

Multi Family

  • Lease Considered: No
  • Lot Size Area: 18467.0000 Square Feet
  • Number Of Units In Community: 30
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2079.02
  • Tax Lot: 1
  • Tax Tract Number: 54309
  • TaxOtherAnnualAssessmentAmount: 564.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2023
Sold by
Finkel Marni B and Finkel David J
Bought by
Finkel Family Trust and Finkel
Current Estimated Value
$726,430

Purchase Details

Listed on
Feb 21, 2023
Closed on
Apr 25, 2023
Sold by
Hee Lee Dong and Young Ji
Bought by
Finkel Marni B and Finkel David J
Seller's Agent
Jordan Mangaliman
eXp Realty of Greater Los Angeles
Buyer's Agent
Phil Missig
Berkshire Hathaway HomeServices California Properties
List Price
$690,000
Sold Price
$671,000
Premium/Discount to List
-$19,000
-2.75%
Views
128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.16%
Original Mortgage
$511,000
Interest Rate
5.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2011
Sold by
U S Bank National Association
Bought by
Lee Dong Hee and Oh Ji Young

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2010
Sold by
Collins Matt
Bought by
U S Bank National Association

Purchase Details

Closed on
Sep 21, 2005
Sold by
Grand Avenue Lofts Llc
Bought by
Collins Matt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$443,200
Interest Rate
5.25%
Mortgage Type
Fannie Mae Freddie Mac
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
Finkel Family Trust -- Chicago Title Company
Finkel Marni B $671,000 Orange Coast Title Company
Lee Dong Hee $325,000 Stewart Title
U S Bank National Association $450,000 Accommodation
Collins Matt $554,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Finkel Marni B $511,000
Previous Owner Finkel Marni B $511,000
Previous Owner Lee Dong A $470,000
Previous Owner Lee Dong Hee $242,500
Previous Owner Lee Dong Hee $249,000
Previous Owner Collins Matt $443,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2023 05/03/23 Sold $671,000 -2.8% $616 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $690,000 -- $633 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,938 $698,108 $177,908 $520,200
2024 $8,938 $684,420 $174,420 $510,000
2023 $5,502 $400,203 $98,508 $301,695
2022 $5,245 $392,357 $96,577 $295,780
2021 $5,084 $384,665 $94,684 $289,981
2019 $4,931 $373,258 $91,877 $281,381
2018 $4,859 $365,940 $90,076 $275,864
2016 $4,640 $351,731 $86,579 $265,152
2015 $4,576 $346,449 $85,279 $261,170
2014 $4,581 $339,664 $83,609 $256,055
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23028633

California Regional Multiple Listing Service (CRMLS)

APN: 5139-020-064