NOT LISTED FOR SALE

El Dorado Lofts 416 S Spring St Unit 706 Los Angeles, CA 90013

Downtown LA Neighborhood

Estimated Value: $556,000 - $733,000

2 Beds
2 Baths
1,020 Sq Ft
$605/Sq Ft Est. Value

About This Home

Live in a historic and architectural gem. Step into a light-filled corner loft w/ 2 balconies overlooking Spring Street Park. High ceilings and hardwood floors throughout. The master bedroom features a spacious closet + floor-to-ceiling sliding doors offering views of the Historic Core/Old Bank District. The open floor plan kitchen features Bosch appliances + a stainless steel French door refrigerator. The second bedroom can double as an office or study room. Steps away from Grand Central Market, The Last Bookstore, art galleries, and countless restaurants. Originally built in 1913 as the El Dorado Hotel, where Charlie Chaplin once lived. Other property features: Control4Home automation system that provides control of all interior lights through use of touch panels (located throughout the unit + your smartphone). Also, an integrated audio system that allows streaming from Pandora or Tuneln stations throughout the entire loft.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2015
Sold by
Garcia Eric R and Garcia Regina Marie
Bought by
Garcia Eric R and Garcia Regina Marie
Current Estimated Value
$617,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Outstanding Balance
$308,253
Interest Rate
3.76%
Mortgage Type
Commercial
Estimated Equity
$308,989

Purchase Details

Closed on
Dec 8, 2010
Sold by
Msgg El Dorado Realty Partners Llc
Bought by
Garcia Eric R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,983
Interest Rate
4.67%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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

Date Buyer Sale Price Title Company
Garcia Eric R -- Western Resources Title Co
Garcia Eric R $412,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Eric R $387,000
Closed Garcia Eric R $395,000
Previous Owner Garcia Eric R $370,983
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2021 02/02/21 Rented $2,900 0.0% --
09/28/2020 09/28/20 For Rent $2,900 0.0% --
09/21/2020 09/21/20 Off Market $2,900 -- --
09/15/2020 09/15/20 Price Changed $2,900 -3.3% $3 / Sq Ft
09/04/2020 09/04/20 For Rent $3,000 +3.4% --
06/15/2017 06/15/17 Rented $2,900 0.0% --
06/06/2017 06/06/17 Under Contract -- -- --
05/24/2017 05/24/17 For Rent $2,900 +3.6% --
05/04/2017 05/04/17 Rented $2,800 -3.4% --
05/01/2017 05/01/17 For Rent $2,900 0.0% --
05/01/2017 05/01/17 Off Market $2,900 -- --
04/12/2017 04/12/17 Price Changed $2,900 -9.4% $3 / Sq Ft
04/03/2017 04/03/17 Price Changed $3,200 -5.9% $3 / Sq Ft
03/07/2017 03/07/17 Price Changed $3,400 -2.9% $3 / Sq Ft
02/26/2017 02/26/17 For Rent $3,500 -- --

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 $2,989 $201,000 $40,200 $160,800
2023 $2,956 $201,000 $40,200 $160,800
2022 $2,848 $201,000 $40,200 $160,800
2021 $2,838 $201,000 $40,200 $160,800
2019 $2,783 $214,000 $42,800 $171,200
2018 $2,990 $214,000 $42,800 $171,200
2016 $2,622 $198,000 $39,600 $158,400
2015 $2,586 $198,000 $39,600 $158,400
2014 $2,671 $430,850 $174,795 $256,055
Source: Public Records

Agents Affiliated with this Home

  • Alma Lam

    Seller's Agent in 2021

    Alma Lam

    eXp Realty of California Inc

    (213) 247-2337

    7 in this area

    21 Total Sales

    Alma Lam
    Section Image
  • Romy Flint

    Buyer's Agent in 2021

    Romy Flint

    Sotheby's International Realty

    (310) 721-2354

    11 Total Sales

    Romy Flint
    Section Image

  • I

    Seller's Agent in 2017

    Ian Cherney

    Keller Williams Larchmont

    (323) 762-2600

    15 in this area

    19 Total Sales

    Ian Cherney
    Section Image

  • H

    Buyer's Agent in 2017

    Hercules Goes

  • M

    Buyer Co-Listing Agent in 2017

    Michael Jefferson

    Compass

    (310) 990-2773

    1 in this area

    5 Total Sales

    Michael Jefferson
    Section Image
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About El Dorado Lofts

Map

California Los Angeles County Los Angeles 90013 Downtown LA

416 S Spring St Unit 706, Los Angeles, CA

This home is located at 416 S Spring St Unit 706, Los Angeles, CA 90013 and is currently estimated at $617,242, approximately $605 per square foot. 416 S Spring St Unit 706 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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