NOT LISTED FOR SALE

El Dorado Lofts 416 S Spring St Unit 809 Los Angeles, CA 90013

Downtown LA Neighborhood

Estimated Value: $647,000 - $737,313

2 Beds
2 Baths
1,300 Sq Ft
$952/mo HOA Fee

Last Sold April 26, 2023

Last sale price $730,000 $562 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,845/month

16 Days on Market

Highlights

  • 24-Hour Security
  • City Lights View
  • Loft
  • Primary Bedroom Suite
  • Engineered Wood Flooring
  • 2-minute walk to Spring Street Park

About This Home

As of April 2023

Low property taxes via a Mills Act contract is only one of the incredible perks that come with this huge true 2 bedroom unit in the renowned El Dorado building. Constructed in 1914 as the Hotel Stowell and then later renamed the El Dorado Hotel in 1938, the building was then converted into open lofts in 2010. The building and unit, with its flexible floor plan, retain much of their original historic charm and perfectly marry timeless & romantic Downtown Los Angeles with modern day comforts and amenities. A restored 1898 solid wooden door and original concrete beams are just some of the unique hallmarks of this classic space. Upon conversion, the unit was completely revamped with Snaidero kitchen and bathroom cabinetry, Bosch appliances, in-unit stackable laundry, HVAC, and a spacious island for easy entertaining. This 2/br 2/ba unit is also incredibly bright with windows on three sides. The two separate balconies boast stunning views overlooking Spring Street Park, the historic core and beyond. This building is in the heart of walkable DTLA, just steps from amenities such as Le Petit Paris, The Last Bookstore, Grand Central Market, Buzz Wine & Beer, Spring Street Arcade and so much more. Two side-by-side garage parking spaces are included. This home is perfect for anyone who doesn't want to sacrifice size, style, property condition or amenities. Come see this incredible value in one of the most walkable pockets of DTLA.

Last Agent to Sell the Property

Benjamin Kahle

Compass License #01951554 Listed on: 03/08/2023

Compass

Co-Listed By

Rachel Staman

Compass License #02118950

Last Buyer's Agent

Rouanne Garcia

Compass License #02138831

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,703

Year Built

  • Built in 1914 | Remodeled

Lot Details

  • 10,332

HOA Fees

  • $952 Monthly HOA Fees

Property Views

  • Park or Greenbelt

Home Design

  • Entry on the 8th floor
  • Turnkey

Interior Spaces

  • 1,300 Sq Ft Home
  • Living Room
  • Dining Area
  • Loft
  • Engineered Wood Flooring

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Off-Site Parking

Additional Features

  • Balcony
  • Historic Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5149-038-042

Community Details

Overview

  • 65 Units

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,703

Year Built

Built in 1914 | Remodeled

Lot Details

0

HOA Fees

$952 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: El Dorado Homeowners Association
  • Entry Floor: 8
  • Living Area: 1300
  • Lot Acreage: 0.2372
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Unit Floor In Building: 8
  • Year Built: 1914
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Turnkey
  • Flooring: Engineered Hardwood
  • Appliances: Gas/Electric Range, Oven, Oven-Gas, Cooktop - Gas, Gas, Range, Range Hood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Master Suite
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Kitchen Island, Dining Area
  • Kitchen Features: Island, Remodeled
  • Laundry: In Closet, In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Washer, Range/Oven, Refrigerator, Hood Fan, Electric Dryer Hookup
  • Price Per S Q F T: 576.15

Exterior Features

  • Other Features: Balcony, Historical
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights, Park
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Offsite
  • Total Parking: 2

Utilities

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

Association/Amenities

  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 951.59
  • HOA: Yes

Lot Info

  • Special Zoning: Rent Control
  • Assessor Parcel Number: 5149-038-042
  • Lot Size Area: 10334

Multi Family

  • Number Of Units: 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2018
Sold by
Kay Gregory S
Bought by
Kay Gregory and Mendelson Jodie
Current Estimated Value
$683,328

Purchase Details

Closed on
Oct 14, 2010
Sold by
Msgg El Dorado Realty Partners Llc
Bought by
Kay Gregory S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.16%
Mortgage Type
Commercial
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
Kay Gregory -- None Available
Kay Gregory S $485,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kay Gregory S $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2023 04/26/23 Sold $730,000 -2.5% $562 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $749,000 0.0% $576 / Sq Ft
07/28/2021 07/28/21 Rented $3,550 0.0% --
06/24/2021 06/24/21 Price Changed $3,550 -4.1% $3 / Sq Ft
06/03/2021 06/03/21 For Rent $3,700 -- --
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
2025 $3,703 $248,000 $49,600 $198,400
2024 $3,703 $248,000 $49,600 $198,400
2023 $3,576 $248,000 $49,600 $198,400
2022 $3,443 $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 $3,351 $252,000 $50,400 $201,600
2015 $3,311 $252,000 $50,400 $201,600
2014 $3,411 $506,883 $202,753 $304,130
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Kahle

    Seller's Agent in 2023

    Benjamin Kahle

    Compass

    (310) 779-4578

    1 in this area

    188 Total Sales

    Benjamin Kahle
    Section Image

  • R

    Seller Co-Listing Agent in 2023

    Rachel Staman

    Compass

    (310) 275-1000

    1 in this area

    30 Total Sales

    Rachel Staman
    Section Image

  • R

    Buyer's Agent in 2023

    Rouanne Garcia

    Compass

    (323) 285-3405

    2 in this area

    24 Total Sales

    Rouanne Garcia
    Section Image
  • Alma Lam

    Seller's Agent in 2021

    Alma Lam

    eXp Realty of California Inc

    (213) 247-2337

    9 in this area

    24 Total Sales

    Alma Lam
    Section Image
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About El Dorado Lofts

Map

Source: The MLS

MLS Number: 23-247751

The MLS

APN: 5149-038-042

California Los Angeles County Los Angeles 90013 Downtown LA

416 S Spring St Unit 809, Los Angeles, CA

This home is located at 416 S Spring St Unit 809, Los Angeles, CA 90013 since 08 March 2023 and is currently estimated at $683,328, approximately $525 per square foot. This property was built in 1914. 416 S Spring St Unit 809 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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