NOT LISTED FOR SALE

El Dorado Lofts 416 S Spring St Unit 609 Los Angeles, CA 90013

Downtown LA Neighborhood

Estimated Value: $732,000 - $744,334

2 Beds
2 Baths
1,394 Sq Ft
10,332 Sq Ft Lot

Sale Details

Date Sold: December 14, 2021

Last sale price $835,000 $599 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,985 / mo

168 Days on Market

Highlights

  • 24-Hour Security
  • Contemporary Architecture
  • Loft
  • City Lights View
  • Wood Flooring
  • 2-minute walk to Spring Street Park

About This Home

As of December 2021

An urban sanctuary and a piece of living history in DTLA! Originally built in 1914 as a hotel in the Old Bank District, the El Dorado Lofts were elegantly repurposed into a perfect blend of classical architecture and modern living in 2010. This architecturally significant building is registered as a Historic Cultural Monument with Mills Act Status providing approx. 60%-70% property tax benefits for the new owner. Unit #609 is a large and bright home with 2BD/2BA overlooking Spring Street Park. Two private balconies. Custom marble kitchen island, shelving installations by a local artist, and ample storage space. Perfect urban city views. Large closet space/pantry, in unit laundry, and 24/7 security attendant. A great walkscore with easy access to the upcoming Trust Building, Cambria Hotel, Citizen M Hotel. Steps from La Petit, Bar Ama, Grand Central Market, and the Metro Rail. Located in a community of art, culture, and entertainment. The best of DTLA!

Last Agent to Sell the Property

Andrew Watkins

Avantge Real Estate License #01478668 Listed on: 05/27/2021

Last Buyer's Agent

Garry Nettles

Panorama Properties SFBA, Inc. License #01868304

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1914

Lot Details

  • 10,332

HOA Fees

  • $835 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 6th floor

Interior Spaces

  • 1,394 Sq Ft Home
  • Great Room
  • Living Room
  • Breakfast Room
  • Loft
  • Wood Flooring
  • City Lights Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Covered Spaces
  • Parking Permit Required
  • Assigned Parking

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5149-038-030

Community Details

Overview

  • 69 Units
  • 12-Story Property

Amenities

  • Elevator

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1914

Lot Details

10,332 Sq Ft Lot

HOA Fees

$835 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Advertising Remarks: An urban sanctuary and a piece of living history in DTLA! Originally built in 1914 as a hotel in the Old Bank District, the El Dorado Lofts were elegantly repurposed into a perfect blend of classical architecture and modern living in 2010. This architecturally significant building is registered as a Historic Cultural Monument with Mills Act Status providing approx. 60%-70% property tax benefits for the new owner. Unit #609 is a large and bright home with 2BD/2BA overlooking Spring Street Park. Two private balconies. Custom marble kitchen island, shelving installations by a local artist, and ample storage space. Perfect urban city views. Large closet space/pantry, in unit laundry, and 24/7 security attendant. A great walkscore with easy access to the upcoming Trust Building, Cambria Hotel, Citizen M Hotel. Steps from La Petit, Bar Ama, Grand Central Market, and the Metro Rail.
  • Complex Name: El Dorado
  • Entry Floor: 6
  • Living Area: 1394
  • Lot Acreage: 0.2372
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 12
  • Year Built: 1914
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • 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: Dishwasher, Garbage Disposal, Washer, Refrigerator, Range/Oven, Microwave, Dryer
  • Price Per S Q F T: 591.82

Exterior Features

  • Pool: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Permit/Decal

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour

Association/Amenities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 835.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5149-038-030
  • Lot Size Area: 10334

Multi Family

  • Number Of Units: 69

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2016
Closed on
Dec 6, 2016
Sold by
Bought by
Seller's Agent
Tiffany Gatto
Smart LA Realty
Buyer's Agent
Jeronimo Almeida
List Price
$995,999
Sold Price
$880,000
Premium/Discount to List
-$115,999
-11.65%
Current Estimated Value
$723,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$156,780
Avg. Annual Appreciation
-1.85%
Original Mortgage
$580,000
Outstanding Balance
$473,118
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$264,466

Purchase Details

Listed on
Mar 21, 2015
Closed on
May 20, 2015
Sold by
Bought by
Seller's Agent
Robert McGowan
Smart LA Realty
Buyer's Agent
Robert McGowan
Smart LA Realty
Sold Price
$4,500

Purchase Details

Closed on
Mar 10, 2014
Sold by
Bought by

Purchase Details

Closed on
Feb 15, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
4.96%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$880,000 Lawyers Title
-- Accommodation
$845,000 Factola
$485,000 First American Title Subdivi
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $580,000
Previous Owner $388,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2021 12/14/21 Sold $835,000 +1.2% $599 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
11/04/2021 11/04/21 Price Changed $825,000 -4.5% $592 / Sq Ft
09/09/2021 09/09/21 Price Changed $864,000 -3.9% $620 / Sq Ft
08/12/2021 08/12/21 For Sale $899,000 0.0% $645 / Sq Ft
08/01/2021 08/01/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $899,000 0.0% $645 / Sq Ft
05/15/2019 05/15/19 Rented $3,600 0.0% --
05/05/2019 05/05/19 Price Changed $3,600 -4.0% $3 / Sq Ft
04/01/2019 04/01/19 For Rent $3,750 0.0% --
04/01/2019 04/01/19 Price Changed $3,750 -3.8% $3 / Sq Ft
03/18/2019 03/18/19 Off Market $3,900 -- --
03/14/2019 03/14/19 For Rent $3,900 0.0% --
12/30/2016 12/30/16 Sold $880,000 -2.1% $631 / Sq Ft View Prior Sale
10/22/2016 10/22/16 Price Changed $899,000 -2.3% $645 / Sq Ft
10/03/2016 10/03/16 Price Changed $920,000 +2.3% $660 / Sq Ft
09/15/2016 09/15/16 Price Changed $899,000 -0.7% $645 / Sq Ft
09/15/2016 09/15/16 Price Changed $905,000 -1.4% $649 / Sq Ft
09/01/2016 09/01/16 Price Changed $918,000 -0.2% $659 / Sq Ft
08/02/2016 08/02/16 Price Changed $920,000 -3.2% $660 / Sq Ft
07/18/2016 07/18/16 Price Changed $950,000 -0.5% $681 / Sq Ft
06/24/2016 06/24/16 Price Changed $955,000 -2.2% $685 / Sq Ft
05/24/2016 05/24/16 Price Changed $975,999 -2.0% $700 / Sq Ft
05/06/2016 05/06/16 For Sale $995,999 0.0% $714 / Sq Ft
03/27/2015 03/27/15 Rented $4,500 0.0% --
03/27/2015 03/27/15 Under Contract -- -- --
03/21/2015 03/21/15 For Rent $4,500 0.0% --
03/19/2015 03/19/15 Sold $845,000 0.0% $606 / Sq Ft View Prior Sale
02/24/2015 02/24/15 For Sale $845,000 -- $606 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,740 $248,000 $49,600 $198,400
2024 $3,703 $248,000 $49,600 $198,400
2023 $3,660 $248,000 $49,600 $198,400
2022 $3,524 $248,000 $49,600 $198,400
2021 $3,429 $248,000 $49,600 $198,400
2019 $3,272 $273,000 $54,600 $218,400
2018 $3,720 $273,000 $54,600 $218,400
2016 $3,434 $252,000 $50,400 $201,600
2015 $3,418 $252,000 $50,400 $201,600
2014 $3,496 $506,884 $193,347 $313,537
Source: Public Records

Agents Affiliated with this Home

  • Andrew Watkins

    Seller's Agent in 2021

    Andrew Watkins

    Avantge Real Estate

    (310) 383-6239

    1 in this area

    54 Total Sales

    Andrew Watkins
    Section Image

  • G

    Buyer's Agent in 2021

    Garry Nettles

    Panorama Properties SFBA, Inc.

  • Tiffany Gatto

    Seller's Agent in 2019

    Tiffany Gatto

    Smart LA Realty

    (213) 447-4130

    1 in this area

    7 Total Sales

    Tiffany Gatto
    Section Image

  • R

    Seller Co-Listing Agent in 2016

    Robert McGowan

    Smart LA Realty

  • J

    Buyer's Agent in 2016

    Jeronimo Almeida

  • M

    Buyer's Agent in 2016

    Michael Barasch

See All Agents

About El Dorado Lofts

Map

Source: The MLS

MLS Number: 21-735850

The MLS

APN: 5149-038-030

California Los Angeles County Los Angeles 90013 Downtown LA

416 S Spring St Unit 609, Los Angeles, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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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