NOT LISTED FOR SALE

Estimated Value: $526,000 - $622,000

2 Beds
2 Baths
980 Sq Ft
$493/mo HOA Fee

Last Sold November 08, 2016

Last sale price $700,000 $714 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $3,648/month

68 Days on Market

Highlights

  • 24-Hour Security
  • 5-minute walk to Pershing Square Station
  • 30,787 Sq Ft lot
  • In Ground Spa
  • City Lights View
  • 1-minute walk to Spring Street Park

About This Home

As of November 2016

Historic Core, Mills Act & spacious Live/Work space, this loft is located on one of the most vibrant streets in downtown LA. This 11th floor loft with South facing views has 2 bedrooms and 2 bathrooms. Adjacent to Spring Street Park, the building was meticulously converted into innovative, urban-style living spaces showcased by original exposed brick walls and mahogany trimmed windows. This loft features sound reducing, double planed windows, a gourmet kitchen with custom built kitchen island with added storage cabinets, finishes that include Scavolini cabinetry, Bosch appliances, granite counter tops, TOTO bathroom fixtures and wood flooring. Washer/dryer & refrigerator included. The unit owner has the right to have a reserved parking space/s at the Bankhouse Garage at an extra cost. The Rowan has been designated a Mills Act Building which rewards owners with a large property tax savings. Shared amenities include 24-hour private security, a residence lounge, a private garden and barbecue area, and outdoor seating with hot and cold spas. Minutes away from Metro-Red Line (Pershing Square) and easy access to Fwy: 110, 10, 101 & 5.

Last Agent to Sell the Property

Colleen Lakshin

BUILDER INTELLIGENCE GROUP,INC License #01106746 Listed on: 07/29/2016

Last Buyer's Agent

Michael Barasch

Rodeo Realty License #01232835

Rodeo Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,290

Year Built

  • Built in 1912

Lot Details

  • 0.71

HOA Fees

  • $493 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking
  • Unassigned Parking

Home Design

  • Loft
  • Planned Development

Interior Spaces

  • 980 Sq Ft Home
  • Wood Frame Window
  • City Lights Views
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

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

  • Tax Lot 1
  • Tax Tract Number 63018
  • Assessor Parcel Number 5149023196

Community Details

Overview

  • Rowan Property Owner's Association
  • 13-Story Property

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill

Recreation

  • Community Spa

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,290

Year Built

Built in 1912

Lot Details

0

HOA Fees

$493 per month

Parking

1

Listing Details

  • Assessments: No
  • Other Phone Description: Brian Heffernan
  • Other Phone Number: 619-316-4412
  • Property Attached: Yes
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Card/Code Access
  • View: Yes
  • Property Sub Type: Loft
  • Property Type: Residential
  • Parcel Number: 5149023196
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 980.00 Square Feet
  • Stories: 13
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Price Per Square Foot: 714.29
  • Room Type: Loft
  • Spa Features: Association, In Ground
  • Window Features: Wood Frames

Exterior Features

  • View: City Lights
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Unassigned
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Controlled Access, Dues Paid Monthly, Outdoor Cooking Area, Security, Spa/Hot Tub
  • Association Fee: 493.00
  • Association Fee Frequency: Monthly
  • Association Name: Rowan Property Owner's Association
  • Senior Community: No
  • Community Features: Urban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby, Planned Unit Development, Near Public Transit
  • Lot Size Sq Ft: 30787.00
  • Price Per Lot Square Foot: 23.38

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 63018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2016
Closed on
Oct 28, 2016
Sold by
Pasternak Cynthia and Pasternak David
Bought by
Howe Daniel
Seller's Agent
Colleen Lakshin
BUILDER INTELLIGENCE GROUP,INC
Buyer's Agent
Michael Barasch
Rodeo Realty
List Price
$719,900
Sold Price
$700,000
Premium/Discount to List
-$19,900
-2.76%
Current Estimated Value
$561,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$138,667
Avg. Annual Appreciation
-2.43%
Original Mortgage
$490,000
Outstanding Balance
$395,177
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$167,490

Purchase Details

Listed on
Aug 12, 2013
Closed on
Sep 27, 2013
Sold by
Stockstill Mason and Stockstill Caroline
Bought by
Pasternak Cynthia and Pasternak David
Seller's Agent
Hyon Chong
AIE Realty Inc
Buyer's Agent
Gil Saraf
Compass
List Price
$485,000
Sold Price
$485,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.57%
Original Mortgage
$388,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2010
Sold by
Msgg Rowan Realty Partners Llc
Bought by
Stockstill Mason and An Caroline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.03%
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 Buyer Sale Price Title Company
Howe Daniel $700,000 Commonwealth Land Title Co
Pasternak Cynthia $485,000 Wfg Title Company
Stockstill Mason $400,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howe Daniel $490,000
Previous Owner Pasternak Cynthia $388,000
Previous Owner Stockstill Mason $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2016 11/08/16 Sold $700,000 0.0% $714 / Sq Ft
10/05/2016 10/05/16 Pending -- -- --
09/22/2016 09/22/16 Price Changed $699,950 -2.8% $714 / Sq Ft
07/29/2016 07/29/16 For Sale $719,900 +48.4% $735 / Sq Ft
10/03/2013 10/03/13 Sold $485,000 0.0% $564 / Sq Ft
08/12/2013 08/12/13 For Sale $485,000 -- $564 / Sq Ft
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 $2,290 $150,000 $30,000 $120,000
2024 $2,290 $150,000 $30,000 $120,000
2023 $2,262 $150,000 $30,000 $120,000
2022 $2,177 $150,000 $30,000 $120,000
2021 $2,977 $219,000 $43,800 $175,200
2019 $2,645 $221,000 $44,200 $176,800
2018 $3,010 $221,000 $44,200 $176,800
2016 $2,119 $160,000 $32,000 $128,000
2015 $2,108 $160,000 $32,000 $128,000
2014 $2,160 $157,000 $31,400 $125,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16166769

California Regional Multiple Listing Service (CRMLS)

APN: 5149-023-196