$355,000
SOLD APR 25, 2025
-- Bed
1 Bath
510 Sq Ft
$645/mo HOA Fee

Recently Sold

$696 Per Sq Ft

14% Below List Price

64 Days on Market

Highlights

  • Doorman
  • 5-minute walk to Pershing Square Station
  • City Lights View
  • 24-Hour Security
  • Spa
  • 1-minute walk to Spring Street Park

About This Home

As of April 2025

PRICE REDUCED! This dramatic, bright & quiet 10th floor Studio Loft in the Rowan Building puts you right in the heart of Downtown LA's Historic Core. Step inside this serene and well-maintained unit and you're immediately welcomed by cheery morning sun and all-day sunlight thanks to an exposed-brick wall of huge windows and soaring 10-foot ceilings. As a legally-designated LIVE/WORK space, you'll enjoy unparalleled night-into-day flexibility thanks to a custom-designed Murphy Bed and storage system that effortlessly lifts up and away, allowing you to quickly transform the space from a cozy home into a professional work space. The designer Scavolini kitchen features stainless appliances, a granite countertop, and good storage. There's central heat and air-conditioning, and an in-unit stacked Bosch clothing washer and dryer. The bathroom features a deep soaking tub and shower. The Rowan is a Mills Act building which gives owners up to 70% annual property tax savings. Residents also enjoy a beautifully restored lobby and hallways, 24/7 front desk and reception (rare in DTLA), controlled building and common-area access, a well-maintained 2nd floor WIFI-enabled lounge, outdoor gardens, plunge pools and BBQ grills. Gated, covered parking and bike storage available. Grand Central Market, Spring Street Dog Park, Metro, Gallery Row, Little Tokyo, and tons of live-music venues are all just blocks away.

Last Agent to Sell the Property

Avery Carroll

Coldwell Banker Realty License #02192025 Listed on: 01/08/2025

Coldwell Banker Realty

Last Buyer's Agent

Elvin Apelian

Equity Union License #01433009

Equity Union

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,371

Year Built

  • Built in 1912

Lot Details

  • East Facing Home
  • Corners Of The Lot Have Been Marked
  • Historic Home

HOA Fees

  • $645 Monthly HOA Fees

Property Views

  • Skyline
  • Mountain

Home Design

  • Art Deco Architecture
  • Entry on the 10th floor

Interior Spaces

  • 510 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Brick Wall or Ceiling
  • High Ceiling
  • Double Pane Windows
  • Great Room
  • Dining Area

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom
  • Granite Bathroom Countertops
  • Bathtub with Shower

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • Spa
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 5149-023-174

Community Details

Overview

  • Association fees include gas, security, water and sewer paid, trash
  • 206 Units
  • Maintained Community
  • 13-Story Property

Amenities

  • Doorman
  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Trash Chute
  • Meeting Room
  • Lounge
  • Elevator
  • Lobby
  • Reception Area
  • Community Storage Space

Recreation

  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,371

Year Built

Built in 1912

Lot Details

0

HOA Fees

$645 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Art Deco
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: The Rowan Lofts
  • Entry Floor: 10
  • Entry Location: Ground Level - no steps
  • Living Area: 510
  • Lot Acreage: 0.7070
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 13
  • Unit Floor In Building: 10
  • Year Built: 1912
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Brick Walls, Built-Ins, High Ceilings (9 Feet+), Laundry - Closet Stacked, Open Floor Plan, Common Walls
  • Flooring: Hardwood, Stone
  • Appliances: Oven-Electric, Cooktop - Gas, Microwave
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Granite, Shower Over Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Kitchen Features: Granite Counters
  • Laundry: In Unit, Laundry Closet Stacked
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Stackable W/D Hookup, Washer, Refrigerator, Range/Oven, Built-Ins, Cable, Hood Fan
  • Price Per S Q F T: 782.35
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Other Features: High Ceilings (9 Feet+), Historical
  • Pool: No
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: City, City Lights, Mountains, Skyline
  • View: Yes

Utilities

  • TV Svcs: Cable TV
  • Cooling: Air Conditioning, Central
  • Heating: Central, Forced Air
  • Security: 24 Hour, Card/Code Access, Fire and Smoke Detection System, Gated Community with Guard, Carbon Monoxide Detector(s), Fire Sprinklers

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Controlled Access, Elevator, Extra Storage, Gated Community, Meeting Room, Outdoor Cooking Area, Security
  • Pet Rules: Assoc Pet Rules, Call, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Gas, Security, Water and Sewer Paid, Trash
  • High Rise: Door Person, Entrance Lobby, Lounge, Mid-Rise Building, On-Site Guard, Passenger Elevator, Reception Desk, Trash Chute
  • HOA Fees: 645.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5149-023-174
  • Lot Description: Corners Established, Gated Community, Street Lighting, Sidewalks
  • Lot Location: City, Corner Lot
  • Lot Size Area: 30796

Multi Family

  • Number Of Units: 206

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2025
Closed on
Mar 31, 2025
Sold by
Dela Rosa Rebecca Ann Odonovan and Duran Anais Fredericka
Bought by
Lykins Timothy
Seller's Agent
Avery Carroll
Coldwell Banker Realty
Buyer's Agent
Elvin Apelian
Equity Union
List Price
$415,000
Sold Price
$355,000
Premium/Discount to List
-$60,000
-14.46%
Views
58
Current Estimated Value
$376,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,536
Avg. Annual Appreciation
13.98%
Original Mortgage
$284,000
Outstanding Balance
$282,739
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$93,797

Purchase Details

Listed on
Sep 23, 2011
Closed on
Jan 6, 2012
Sold by
Msgg El Dorado Realty Partners Llc
Bought by
Ke Lihui and Ke Junjie
Seller's Agent
Anne Healy
WRS Enterprises, Inc.
Buyer's Agent
Anh Tran
Keller Williams Larchmont
List Price
$259,900
Sold Price
$255,000
Premium/Discount to List
-$4,900
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.52%
Original Mortgage
$190,000
Interest Rate
3.96%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Grant Deed $355,000 Equity Title - Los Angeles
Grant Deed $255,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $284,000 New Conventional
Previous Owner $190,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/25/2025 04/25/25 Sold $355,000 -11.0% $696 / Sq Ft
03/13/2025 03/13/25 Pending -- -- --
02/12/2025 02/12/25 Price Changed $399,000 -3.9% $782 / Sq Ft
01/08/2025 01/08/25 For Sale $415,000 -1.7% $814 / Sq Ft
05/31/2023 05/31/23 Sold $422,000 +5.5% $703 / Sq Ft View Prior Sale
05/06/2023 05/06/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $399,900 0.0% $667 / Sq Ft
11/09/2017 11/09/17 Rented $1,800 -4.0% --
10/12/2017 10/12/17 For Rent $1,875 0.0% --
01/17/2012 01/17/12 Sold $255,000 -1.9% $500 / Sq Ft View Prior Sale
10/21/2011 10/21/11 Pending -- -- --
09/23/2011 09/23/11 For Sale $259,900 -- $510 / 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
2025 $1,371 $89,000 $17,800 $71,200
2024 $1,371 $89,000 $17,800 $71,200
2023 $1,272 $89,000 $17,800 $71,200
2022 $1,225 $89,000 $17,800 $71,200
2021 $1,698 $130,000 $26,000 $104,000
2019 $1,776 $131,000 $26,200 $104,800
2018 $1,714 $131,000 $26,200 $104,800
2016 $833 $61,000 $12,200 $48,800
2015 $826 $61,000 $12,200 $48,800
2014 $1,546 $61,000 $12,200 $48,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25-478557

The MLS

APN: 5149-023-174