NOT LISTED FOR SALE

Estimated Value: $386,000 - $437,000

-- Bed
1 Bath
600 Sq Ft
0.71 Acres

Highlights

  • 24-Hour Security
  • 5-minute walk to Pershing Square Station
  • 0.71 Acre Lot
  • In Ground Spa
  • City Lights View
  • 1-minute walk to Spring Street Park

About This Home

As of May 2023

The Rowan is nestled in the heart of downtown Los Angeles adjacent to Spring Street Park. It is a historic building consisting of 206 lofts, meticulously converted into innovative living spaces showcased by the original exposed brick walls and ceilings (vary by unit) and oversized windows with Mahogany window sills.

Italian Scavolini cabinetry, Bosch appliances, Granite or CaesarStone countertops, TOTO bathroom fixtures and Maple flooring add special touches of distinction. Photos are of a studio loft on a lower level (6th floor), same studio floor plan, finish colors may vary.

The loft advertised is a Studio with 1 bathroom, approximately 600 sq ft living space. Parking is available at an extra cost.

Appliances:
- Central Air
- Dishwasher
- Garbage Disposal
- Microwave
- Refrigerator
- Stove (gas)
- Oven
- Washer & Dryer (within unit)

Utilities Included:
- Gas
- Water
- Trash

* You'll pay: Electric, Cable and Internet

Amenities:
- Parking available at an extra cost.
- Indoor Common Area (available for reservation)
- Outdoor Common Area (available for reservation)
- Jacuzzi x2
- Barbecue Grill x2
- Free Wi-Fi in both Common Areas
- Elevators in Building
- 24 Hour Security

*** Smoke Free ***

Accessibility:
- Centrally located in Downtown LA (can walk/bike almost anywhere)
- Easy access to Fwy: 110, 10, 101 & 5
- Minutes away from Metro-Red Line (Pershing Square)

Last Agent to Rent the Property

Colleen Lakshin

BUILDER INTELLIGENCE GROUP,INC License #01106746 Listed on: 04/19/2023

Co-Listed By

David Lakshin

Destiny Group Real Estate Services Inc License #00929485

Last Renter's Agent

David Lakshin

Destiny Group Real Estate Services Inc License #00929485

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,371

Year Built

  • Built in 1912

Lot Details

  • 0.71

Property Views

  • City Lights
  • Park or Greenbelt

Home Design

  • Loft
  • Entry on the 1st floor

Interior Spaces

  • 1 Full Bathroom
  • 600 Sq Ft Home
  • High Ceiling
  • Wood Flooring

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Additional Features

  • In Ground Spa
  • Two or More Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $1,875
  • Rent includes association dues, gas, sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 4/22/23
  • Tax Lot 1
  • Tax Tract Number 63018
  • Assessor Parcel Number 5149023191

Community Details

Overview

  • No Home Owners Association
  • 216 Units
  • 13-Story Property

Amenities

  • Community Barbecue Grill
  • Card Room

Recreation

  • Community Spa

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$1,371

Year Built

Built in 1912

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2023-04-22
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Other: 250
  • Deposit Security: 1875
  • Furnished: Unfurnished
  • Pets Allowed: Cats OK, Dogs OK, Number Limit

Listing Details

  • Structure Type: Multi Family
  • Other Phone Description: 951-640-1050
  • Property Attached: Yes
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System, Guarded
  • View: Yes
  • Zoning: LAC4
  • Property Sub Type: Loft
  • Property Type: Residential Lease
  • Parcel Number: 5149023191
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 600.00 Square Feet
  • Interior Amenities: High Ceilings
  • Stories: 13
  • Entry Location: Main Floor Lobby
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3.12
  • Room Type: Loft
  • Spa Features: Community, In Ground

Exterior Features

  • View: City Lights, Park/Greenbelt
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Spa/Hot Tub, Barbecue, Card Room, Guard
  • Senior Community: No
  • Community Features: Urban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 30787.00
  • Lot Size Acres: 0.7068

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 30787.0000 Square Feet
  • Number Of Units In Community: 216
  • Number Of Units Total: 206
  • Rent Includes: Association Dues, Gas, Sewer, Trash Collection, Water

Tax Info

  • Tax Census Tract: 2073.02
  • Tax Lot: 1
  • Tax Tract Number: 63018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2011
Sold by
Msgg Rowan Realty Partners Llc
Bought by
Rowan Spring Llc
Current Estimated Value
$405,441
Source: Public Records

Range of Values:

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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
Rowan Spring Llc $5,894,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rowan Spring Llc $8,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2023 05/05/23 Rented $1,875 0.0% --
04/19/2023 04/19/23 For Rent $1,875 +1.4% --
03/07/2022 03/07/22 Rented $1,850 0.0% --
01/09/2022 01/09/22 For Rent $1,850 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $1,356 $89,000 $17,800 $71,200
2022 $1,307 $89,000 $17,800 $71,200
2021 $1,781 $130,000 $26,000 $104,000
2019 $1,858 $131,000 $26,200 $104,800
2018 $1,798 $131,000 $26,200 $104,800
2016 $1,059 $73,000 $14,600 $58,400
2015 $1,053 $73,000 $14,600 $58,400
2014 $1,632 $73,000 $14,600 $58,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV23064553

California Regional Multiple Listing Service (CRMLS)

APN: 5149-023-191