Rowan Lofts 460 S Spring St Unit 1114 Los Angeles, CA 90013
Downtown LA NeighborhoodEstimated Value: $533,000 - $692,000
1
Bed
1
Bath
972
Sq Ft
$741/mo
HOA Fee
Highlights
- 24-Hour Security
- 5-minute walk to Pershing Square Station
- 0.71 Acre Lot
- Heated Spa
- City Lights View
- 1-minute walk to Spring Street Park
About This Home
As of April 2023Urban living at its finest in the heart of the historic core in downtown Los Angeles at the iconic Rowan Building. This rare southwest facing corner unit with panoramic views of the downtown skyline is situated on a higher floor in the building and is flooded with natural light. Remodeled and spacious, this one-bedroom loft has a superior floorplan which naturally separates the living space from the bedroom and bath. Character rich, historic design elements are perfectly balanced with chic modern elements throughout. The open living area features walls of Mahagony framed over-sized windows which have an additional layer of soundproof glass and automatic solar and black-out shades, elevated ceilings, wood plank flooring, and exposed brick walls. The upgraded kitchen boasts quartz countertops, glass fronted Scavolini cabinets, high-end Bosch dishwasher and stove, and a stainless-steel refrigerator. An open hallway leads you to a generous sized bedroom and bath area with a large double door custom built closet. Off the bedroom is a lux remodeled bath with white Carrera marble, custom dimmable lit mirror, a spa-like shower with a seamless glass door, and a sizable laundry closet with a Miele stacked washer and dryer. Central air and heat with a Nest thermostat. The Rowan building, built in 1912, was completely renovated in 2008. Amenities include a lounge, garden space, an outdoor dining space, barbecues, a hot and cold spa, dog run, and 24-hour security. It is steps away from premiere downtown eateries, cafes, galleries, entertainment, the Metro, and the Spring Street Park. This building has been granted the Mills Act for a substantial property tax break. Parking space (not deeded) is available for an additional fee.
Last Agent to Sell the Property
Coldwell Banker Realty License #01190160 Listed on: 03/23/2023
Last Buyer's Agent
Eric Zimmerman
License #01935916
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,100
Year Built
- Built in 1912 | Remodeled
Lot Details
- 0.71
HOA Fees
- $741 Monthly HOA Fees
Interior Spaces
- 972 Sq Ft Home
- Ceiling Fan
- Living Room
- Dining Area
- Loft
- Skyline Views
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Engineered Wood
- Marble
Bedrooms and Bathrooms
- 1 Bedroom
- Remodeled Bathroom
- 1 Full Bathroom
Laundry
- Laundry closet
- Dryer
- Washer
Additional Features
- Heated Spa
- South Facing Home
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 5149-023-197
Community Details
Overview
- Association fees include water, trash, building and grounds, clubhouse
- 207 Units
- High-Rise Condominium
- 13-Story Property
Amenities
- Community Barbecue Grill
- Clubhouse
- Elevator
Recreation
- Community Spa
Pet Policy
- Pets Allowed
Security
- 24-Hour Security
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2023
Closed on
Apr 11, 2023
Sold by
Knutson Stephen J
Bought by
Heilich Elizabeth
Seller's Agent
Ross Carter
Coldwell Banker Realty
Buyer's Agent
Eric Zimmerman
List Price
$579,000
Sold Price
$623,000
Premium/Discount to List
$44,000
7.6%
Total Days on Market
12
Views
51
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,971
Avg. Annual Appreciation
-1.31%
Original Mortgage
$591,850
Outstanding Balance
$578,747
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$27,282
Purchase Details
Closed on
Aug 21, 2009
Sold by
Msgg Rowan Realty Partners Llc
Bought by
Knutson Stephen J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,963
Interest Rate
5.19%
Mortgage Type
New Conventional
Similar Homes in the area
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Heilich Elizabeth | $623,000 | Equity Title | |
| Knutson Stephen J | $417,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Heilich Elizabeth | $591,850 | |
| Previous Owner | Knutson Stephen J | $437,500 | |
| Previous Owner | Knutson Stephen J | $190,000 | |
| Previous Owner | Knutson Stephen J | $385,000 | |
| Previous Owner | Knutson Stephen J | $366,000 | |
| Previous Owner | Knutson Stephen J | $311,250 | |
| Previous Owner | Knutson Stephen J | $41,500 | |
| Previous Owner | Knutson Stephen J | $374,963 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2023 04/25/23 | Sold | $623,000 | +7.6% | $641 / Sq Ft |
| 04/04/2023 04/04/23 | Pending | -- | -- | -- |
| 03/23/2023 03/23/23 | For Sale | $579,000 | -- | $596 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $2,100 | $143,000 | $28,600 | $114,400 |
| 2023 | $2,158 | $143,000 | $28,600 | $114,400 |
| 2022 | $2,078 | $143,000 | $28,600 | $114,400 |
| 2021 | $2,843 | $209,000 | $41,800 | $167,200 |
| 2019 | $2,524 | $211,000 | $42,200 | $168,800 |
| 2018 | $2,874 | $211,000 | $42,200 | $168,800 |
| 2016 | $1,439 | $97,000 | $19,400 | $77,600 |
| 2015 | $1,429 | $97,000 | $19,400 | $77,600 |
| 2014 | $2,136 | $97,000 | $19,400 | $77,600 |
Source: Public Records
Agents Affiliated with this Home
-
Ross Carter
Seller's Agent in 2023
Ross Carter
Coldwell Banker Realty
(323) 454-3750
1 in this area
19 Total Sales
-
E
Buyer's Agent in 2023
Eric Zimmerman
About Rowan Lofts
Map
Source: The MLS
MLS Number: 23-253669
APN: 5149-023-197
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