NOT LISTED FOR SALE

Rowan Lofts 460 S Spring St Unit 1016 Los Angeles, CA 90013

Downtown LA Neighborhood

Estimated Value: $413,000 - $501,347

1 Bed
1 Bath
734 Sq Ft
$695/ mo HOA Fee

Last Sold November 21, 2023

Last sale price $494,785 $674 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,306/month

27 Days on Market

Highlights

  • Concierge
  • 5-minute walk to Pershing Square Station
  • City Lights View
  • 24-Hour Security
  • In Ground Pool
  • 1-minute walk to Spring Street Park

About This Home

As of November 2023

3D Tour: bit.ly/Rowan-1016 Phenomenal corner home with incredible views of the Downtown LA skyline and Spring St Park. Located in the prestigious Rowan Lofts, this historical Mills Act approved home features a wall full of double hung mahogany windows, luxurious hardwood floors laid throughout, and original brickwork from well over a century ago. The kitchen showcases alluring granite countertops and backsplash, custom-made Scavolini cabinets, and Bosch stainless-steel appliances including a 4-burner gas range. From the bedroom, experience true city living with backdrop views of towering high-rises and peekaboo views of the San Gabriel Mountains. Off to the side, enjoy a spacious bathroom beautifully lined with large format tiles along the shower walls and floors, sizable bathroom vanity, and a huge mahogany window drawing in an abundance of natural light. Designated as a Mills Act approved building, homeowners are granted huge property tax savings, majority are seeing upwards of 70% off compared to traditional tax amounts. Keeping true to the original beaux-arts decor, Rowan is clad in original brick and terra cotta facade, while vast hallways are adorned with Carrera marble with original copper and brass staircase banisters. As a resident of the Rowan, delight in the numerous amenities including a beautiful outdoor garden, BBQ grilling stations, hot & cold plunge pools, resident's lounge, on-site storage cages, and 24-hr security & concierge. Conveniently located near several popular destinations including The Last Bookstore, Grand Central Market, Perch, and Pershing Square to name a few.

Last Agent to Sell the Property

Jonathan Yuen

Coldwell Banker Exclusive License #01952091 Listed on: 08/24/2023

Coldwell Banker Exclusive

Last Buyer's Agent

David Wilson

The Collective Realty License #02178551

The Collective Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1912

Lot Details

  • West Facing Home

HOA Fees

  • $695 Monthly HOA Fees

Parking

  • Automatic Gate

Property Views

  • City Lights
  • Mountain
  • Park or Greenbelt

Home Design

  • Entry on the 10th floor

Interior Spaces

  • 734 Sq Ft Home
  • Built-In Features
  • Living Room
  • Loft

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Pool

  • In Ground Pool
  • Spa

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5149-023-182

Community Details

Overview

  • 206 Units
  • Maintained Community
  • 13-Story Property

Amenities

  • Concierge
  • Outdoor Cooking Area
  • Sundeck
  • Community Fire Pit
  • Community Barbecue Grill
  • Clubhouse
  • Meeting Room
  • Card Room
  • Recreation Room
  • Elevator
  • Community Storage Space

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1912

Lot Details

0.71 Acres

HOA Fees

$695 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Rowan POA
  • Entry Floor: 10
  • Living Area: 734
  • Lot Acreage: 0.7068
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 13
  • Year Built: 1912
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Tile, Hardwood
  • Bedrooms: 1
  • Fireplaces: 0
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Closet, In Unit, Laundry Closet Stacked, Inside
  • Total Bathrooms: 1.00
  • Equipment: Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Network Wire, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Stackable W/D Hookup, Washer
  • Fireplace: No
  • Price Per S Q F T: 681.20

Exterior Features

  • Direction Faces: West
  • Pool Description: Association Pool, Community
  • Pool: Yes
  • Spa: Association Spa, Community
  • Spa Yn: Yes
  • View: City, City Lights, Park, Mountains
  • View: Yes

Utilities

  • Cooling: Air Conditioning, Central, Heat Pump(s)
  • Heating: Central, Heat Pump
  • Security: 24 Hour, Carbon Monoxide Detector(s), Automatic Gate, Card/Code Access, Community, Fire and Smoke Detection System, Fire Sprinklers, Smoke Detector, T.V.

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Card Room, Clubhouse, Concierge, Conference, Controlled Access, Elevator, Extra Storage, Fire Pit, Hot Water, Meeting Room, Onsite Property Management, Outdoor Cooking Area, Pool, Rec Multipurpose Rm, Security, Spa, Sun Deck
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 695.00
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5149-023-182

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 206

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2023
Closed on
Nov 9, 2023
Sold by
Goffin David
Bought by
Arguello Paul Alexander
Seller's Agent
Jonathan Yuen
Coldwell Banker Exclusive
Buyer's Agent
David Wilson
The Collective Realty
List Price
$500,000
Sold Price
$494,785
Premium/Discount to List
-$5,215
-1.04%
Views
82
Current Estimated Value
$459,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,948
Avg. Annual Appreciation
-3.07%
Original Mortgage
$470,045
Outstanding Balance
$461,830
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
-$1,993

Purchase Details

Listed on
Feb 1, 2017
Closed on
Feb 17, 2017
Sold by
Duncan Matthieu Benoit and Duncan Caroline Charlotte
Bought by
Goffin David
Seller's Agent
Jenny Morant
Compass
Buyer's Agent
Rommy Shy
Rommy Shy
List Price
$585,000
Sold Price
$585,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.46%

Purchase Details

Listed on
Apr 17, 2015
Closed on
May 18, 2015
Sold by
Connell Scott
Bought by
Duncan Matthieu Benoit and Duncan Caroline Charlotte
Seller's Agent
Jenny Morant
Compass
Buyer's Agent
Jenny Morant
Compass
List Price
$515,000
Sold Price
$515,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.42%

Purchase Details

Closed on
Feb 24, 2009
Sold by
Msgg Rowan Realty Partners Llc
Bought by
Connell Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,121
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage
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
Arguello Paul Alexander $495,000 Chicago Title Company
Goffin David -- Chicago Title Company
Goffin David $585,000 Progressive Title Company
Duncan Matthieu Benoit $515,000 Progressive Title Company
Duncan Matthieu Benoit -- Progressive Title Company
Connell Scott $357,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arguello Paul Alexander $470,045
Previous Owner Connell Scott $321,121
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2023 11/21/23 Sold $494,785 -1.0% $674 / Sq Ft
09/20/2023 09/20/23 Pending -- -- --
08/24/2023 08/24/23 For Sale $500,000 -14.5% $681 / Sq Ft
03/06/2017 03/06/17 Sold $585,000 0.0% $813 / Sq Ft View Prior Sale
02/01/2017 02/01/17 For Sale $585,000 +13.6% $813 / Sq Ft
05/28/2015 05/28/15 Sold $515,000 0.0% $715 / Sq Ft View Prior Sale
04/27/2015 04/27/15 Pending -- -- --
04/17/2015 04/17/15 For Sale $515,000 -- $715 / Sq Ft
Source: The MLS

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 $1,851 $121,000 $24,200 $96,800
2024 $1,851 $121,000 $24,200 $96,800
2023 $1,830 $121,000 $24,200 $96,800
2022 $1,762 $121,000 $24,200 $96,800
2021 $2,399 $176,000 $35,200 $140,800
2019 $2,506 $178,000 $35,600 $142,400
2018 $2,430 $178,000 $35,600 $142,400
2016 $1,221 $82,000 $16,400 $65,600
2015 $1,129 $82,000 $16,400 $65,600
2014 $1,720 $82,000 $16,400 $65,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jonathan Yuen

    Coldwell Banker Exclusive

    Section Image

  • D

    Buyer's Agent in 2023

    David Wilson

    The Collective Realty

    Section Image
  • Jenny Morant

    Seller's Agent in 2017

    Jenny Morant

    Compass

    (310) 802-5883

    3 in this area

    47 Total Sales

    Jenny Morant
    Section Image
  • Rommy Shy

    Buyer's Agent in 2017

    Rommy Shy

    Rommy Shy

    (818) 274-2655

    2 in this area

    15 Total Sales

    Rommy Shy
    Section Image
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About Rowan Lofts

Map

Source: The MLS

MLS Number: 23-304327

The MLS

APN: 5149-023-182

California Los Angeles County Los Angeles 90013 Downtown LA

460 S Spring St Unit 1016, Los Angeles, CA

Not Listed for Sale

Condos

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