NOT LISTED FOR SALE

El Dorado Lofts 416 S Spring St Unit 705 Los Angeles, CA 90013

Downtown LA Neighborhood

Estimated Value: $560,000 - $954,000

2 Beds
2 Baths
1,100 Sq Ft
$584/mo HOA Fee

Last Sold October 11, 2017

Last sale price $750,000 $682 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,923/month

15 Days on Market

Highlights

  • Concierge
  • City Lights View
  • Elevator
  • 24-Hour Security
  • Wood Flooring
  • 2-minute walk to Spring Street Park

About This Home

As of October 2017

This crisp and intelligently designed 2 bed, 2 bath unit at the El Dorado building comes cloaked in old-world charm. Located within the Historic Core of DTLA (once known as the "Wall Street of the West") this fantastic home offers 1100 SQFT of prime living space with dark hardwood floors, exposed concrete beams, walls and ceilings, a balcony overlooking Spring Street, and a modern kitchen with designer appliances. The spacious master bedroom offers privacy with en-suite bath and a walk-in closet. The versatile second bedroom can be utilized as a den or simply add sliding doors to close off the room and turn this into a dedicated bedroom. Amenities include stacked washer/dryer in unit, assigned parking, and 24/7 security with controlled access. Thanks to this building's historical relevance, homeowners at El Dorado are rewarded with significant property-tax rebates courtesy of the Mills Act. Located next to Spring Street Park, shops, restaurants, and all DTLA has to offer.

Last Agent to Sell the Property

Kerry Marsico

Compass License #01456415 Listed on: 08/23/2017

Last Buyer's Agent

Jeremy McGinnis

License #01827357

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,140

Year Built

  • Built in 1914

Lot Details

  • 10,019

HOA Fees

  • $584 Monthly HOA Fees

Interior Spaces

  • 1,100 Sq Ft Home
  • Entryway
  • Living Room
  • Dining Area
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Controlled Entrance

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5149-038-032

Community Details

Overview

  • 65 Units
  • 12-Story Property

Amenities

  • Concierge
  • Elevator

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,140

Year Built

Built in 1914

Lot Details

0

HOA Fees

$584 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: El Dorado
  • Entry Floor: 7
  • Living Area: 1100
  • Planned Urban Dev: 0
  • Stories: 12
  • Unit Floor In Building: 7
  • Year Built: 1914
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 695.45

Exterior Features

  • Balcony: 1
  • Tennis Court Y/N: No
  • Exposure: Western
  • Pool: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Community Garage, Controlled Entrance
  • Total Parking: 1

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: 24 Hour

Association/Amenities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 584.44
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5149-038-032
  • Geocode Override: No
  • Lot Size Area: 10334

Multi Family

  • Number Of Units: 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2017
Closed on
Oct 2, 2017
Sold by
Thomas Darwin Russell and Denton Julie K
Bought by
Jacobi Elizabeth M
Seller's Agent
Kerry Marsico
Compass
Buyer's Agent
Jeremy McGinnis
List Price
$765,000
Sold Price
$750,000
Premium/Discount to List
-$15,000
-1.96%
Total Days on Market
15
Current Estimated Value
$726,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,728
Avg. Annual Appreciation
-0.42%
Original Mortgage
$550,000
Outstanding Balance
$464,885
Interest Rate
3.82%
Mortgage Type
Commercial
Estimated Equity
$261,387

Purchase Details

Closed on
Aug 31, 2010
Sold by
Msgg El Dorado Realty Partners Llc
Bought by
Thomas Darwin Russell and Denton Julie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
4.35%
Mortgage Type
Commercial
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
Jacobi Elizabeth M $750,000 Equity Title Company
Thomas Darwin Russell $430,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobi Elizabeth M $550,000
Previous Owner Thomas Darwin Russell $344,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2017 10/11/17 Sold $750,000 -2.0% $682 / Sq Ft
09/07/2017 09/07/17 Pending -- -- --
08/23/2017 08/23/17 For Sale $765,000 -- $695 / 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
2024 $3,140 $217,000 $43,400 $173,600
2023 $3,104 $217,000 $43,400 $173,600
2022 $2,990 $217,000 $43,400 $173,600
2021 $2,978 $217,000 $43,400 $173,600
2019 $2,921 $231,000 $46,200 $184,800
2018 $3,140 $231,000 $46,200 $184,800
2016 $2,921 $214,000 $42,800 $171,200
2015 $2,883 $214,000 $42,800 $171,200
2014 $2,975 $449,403 $135,866 $313,537
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kerry Marsico

    Compass

  • J

    Buyer's Agent in 2017

    Jeremy McGinnis

See All Agents

About El Dorado Lofts

Map

Source: The MLS

MLS Number: 17-262324

The MLS

APN: 5149-038-032

California Los Angeles County Los Angeles 90013 Downtown LA

416 S Spring St Unit 705, Los Angeles, CA

This home is located at 416 S Spring St Unit 705, Los Angeles, CA 90013 since 23 August 2017 and is currently estimated at $726,272, approximately $660 per square foot. This property was built in 1914. 416 S Spring St Unit 705 is a home located in Los Angeles County with nearby schools including Para Los Niños Charter Middle School, John H. Liechty Middle School, and Ramón C. Cortines School of Visual and Performing Arts.

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