NOT LISTED FOR SALE

El Dorado Lofts 416 S Spring St Unit 710 Los Angeles, CA 90013

Downtown LA Neighborhood

Estimated Value: $334,000 - $424,951

Studio
1 Bath
780 Sq Ft
$890/ mo HOA Fee

Last Sold October 28, 2024

Last sale price $410,000 $526 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,147/month

17 Days on Market

Highlights

  • Open Floorplan
  • Loft
  • Granite Countertops
  • Wood Flooring
  • High Ceiling
  • 2-minute walk to Spring Street Park

About This Home

As of October 2024

Elevated seven stories high in the heart of DTLA’s vibrant Historic Core district, 416 S Spring #710 offers a contemporary living experience that blends modern design with over a century of Los Angeles history. A state-of-the-art digital video entry system provides 24/7 secured access, leading to a fully restored and upgraded lobby featuring high ceilings and natural lighting. This residence, sharing only one common wall, boasts nearly 800 square feet of open interiors with exposed concrete features, satisfying all your urban living needs. No expense was spared during the redesign, which includes hardwood flooring, granite slab countertops, custom Snaidero Italian cabinetry with easy-glide drawers, modern Bosch stainless steel appliances, a hidden dishwasher, in-unit washer/dryer, low-e/dual glazed windows, sound-attenuated ceilings and floors, and a fire-escape style balcony. The generously sized bathroom features custom Snaidero Italian cabinetry with a granite slab countertop, a deep-set soaking tub with elegant subway tile surrounds, a Toto silent-close seated toilet, and chrome-finished faucets. Step outside onto Spring Street and find yourself surrounded by an ever-growing array of restaurants, art venues, shops, entertainment, and the dog-friendly Spring Street Park. Secured monthly parking is available directly behind the building, with EV charging options. Benefit from a significant reduction in property taxes through the Mills Act as the owner of a private residence in this historic Los Angeles landmark. Discover why Hollywood celebrities such as Charlie Chaplin, Ryan Gosling, and Christian Bale have been drawn to the historic El Dorado in downtown Los Angeles.

Last Agent to Sell the Property

Kevin Akbari

Rise Realty Brokerage Phone: 949-415-8033 License #01993351 Listed on: 08/25/2024

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1914

Lot Details

  • 10,337

HOA Fees

  • $890 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Community Parking Structure

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 780 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Loft
  • Storage
  • Wood Flooring

Kitchen

  • Gas Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Granite Bathroom Countertops
  • Soaking Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Central Heating
  • Air Source Heat Pump

Additional Features

  • Exterior Lighting
  • 1 Common Wall
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 63019
  • Assessor Parcel Number 5149038037
  • $426 per year additional tax assessments

Community Details

Overview

  • 65 Units
  • El Dorado On Spring Association
  • 12-Story Property

Recreation

  • Dog Park

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1914

Lot Details

10,337 Sq Ft Lot

HOA Fees

$890 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Refrigerator, Washer, Dryer.
  • Property Attached: Yes
  • View: No
  • Zoning: LAC4
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5149038037
  • Year Built: 1914
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 780.00 Square Feet
  • Interior Amenities: Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, Storage
  • Stories: 12
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 525.64
  • Room Type: Loft
  • Bathroom Features: Bathtub, Granite Counters, Soaking Tub
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Heat Pump
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Gas, Trash, Sewer, Water, Pets Permitted, Management, Security, Controlled Access
  • Association Fee: 890.00
  • Association Fee Frequency: Monthly
  • Association Name: EL DORADO ON SPRING
  • Phone: 213-290-195
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Dog Park, Sidewalks, Street Lights, Urban
  • Association Management: EL DORADO ON SPRING

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 10337.00
  • Lot Size Acres: 0.2373

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10337.0000 Square Feet
  • Number Of Units In Community: 65
  • Number Of Units Total: 65

Tax Info

  • Tax Census Tract: 2073.06
  • Tax Lot: 1
  • Tax Tract Number: 63019
  • TaxOtherAnnualAssessmentAmount: 426.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2024
Closed on
Sep 16, 2024
Sold by
Berk Andrew N and Berk Donald L
Bought by
Ahlstrom Peter Anton
Seller's Agent
Kevin Akbari
Rise Realty
List Price
$439,000
Sold Price
$410,000
Premium/Discount to List
-$29,000
-6.61%
Views
22
Current Estimated Value
$390,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,512
Avg. Annual Appreciation
-3.47%
Original Mortgage
$328,000
Outstanding Balance
$324,120
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$66,368

Purchase Details

Closed on
Oct 17, 2011
Sold by
Msgg El Dorado Realty Partners Llc
Bought by
Berk Andrew N and Berk Donald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,200
Interest Rate
3.95%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ahlstrom Peter Anton $410,000 Ticor Title
Berk Andrew N $254,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahlstrom Peter Anton $328,000
Previous Owner Berk Andrew N $215,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 Sold $410,000 -6.6% $526 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
08/25/2024 08/25/24 For Sale $439,000 0.0% $563 / Sq Ft
06/02/2019 06/02/19 Rented $2,200 -6.4% --
04/27/2019 04/27/19 Price Changed $2,350 -6.0% $3 / Sq Ft
03/26/2019 03/26/19 For Rent $2,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $2,213 $410,000 $80,000 $330,000
2024 $2,213 $154,000 $30,800 $123,200
2023 $2,189 $154,000 $30,800 $123,200
2022 $2,109 $154,000 $30,800 $123,200
2021 $2,100 $154,000 $30,800 $123,200
2019 $2,052 $190,000 $38,000 $152,000
2018 $2,526 $190,000 $38,000 $152,000
2016 $1,989 $151,000 $30,200 $120,800
2015 $1,967 $151,000 $30,200 $120,800
2014 $2,028 $260,255 $143,448 $116,807
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kevin Akbari

    Rise Realty

  • Jason Woodruff

    Buyer Co-Listing Agent in 2024

    Jason Woodruff

    Keller Williams Hollywood Hills

    (310) 770-3101

    1 in this area

    53 Total Sales

    Jason Woodruff
    Section Image

  • T

    Buyer Co-Listing Agent in 2024

    Todd Pivetti

    Keller Williams Hollywood Hills

    (310) 913-9477

    1 in this area

    19 Total Sales

    Todd Pivetti
    Section Image
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About El Dorado Lofts

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24176290

California Regional Multiple Listing Service (CRMLS)

APN: 5149-038-037

California Los Angeles County Los Angeles 90013 Downtown LA

416 S Spring St Unit 710, Los Angeles, CA

Not Listed for Sale

Condos

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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