NOT LISTED FOR SALE

Estimated Value: $523,000 - $636,564

1 Bed
1 Bath
972 Sq Ft
$741/mo HOA Fee

Last Sold April 25, 2023

Last sale price $623,000 $641 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,090/month

12 Days on Market

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 2023

Urban 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

Ross Carter

Coldwell Banker Realty License #01190160 Listed on: 03/23/2023

Coldwell Banker Realty

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,100

Year Built

Built in 1912 | Remodeled

Lot Details

0

HOA Fees

$741 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: High or Mid-Rise Condo
  • Street Number Display: Yes
  • Complex Name: The Rowan
  • Entry Floor: 11
  • Living Area: 972
  • Lot Acreage: 0.7068
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 13
  • Unit Floor In Building: 11
  • Year Built: 1912
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Engineered Hardwood, Marble
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Laundry: In Closet, In Unit, Laundry Closet Stacked
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Garbage Disposal, Dryer, Dishwasher, Ceiling Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 595.68

Exterior Features

  • Direction Faces: South
  • Pool: No
  • Spa: Association Spa, Heated
  • Spa Yn: Yes
  • View: City Lights, City, Skyline
  • View: Yes

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: 24 Hour

Association/Amenities

  • Amenities: Elevator, Assoc Barbecue, Clubhouse, Assoc Maintains Landscape, Security, Spa
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Water, Trash, Building and Grounds, Clubhouse
  • HOA Fees: 740.95
  • HOA: Yes
  • Unit Location: Corner

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5149-023-197
  • Lot Size Area: 30787

Multi Family

  • Number Of Units: 207

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%
Views
51
Current Estimated Value
$583,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,359
Avg. Annual Appreciation
-3.43%
Original Mortgage
$591,850
Outstanding Balance
$576,982
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
-$3,207

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
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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 $2,100 $143,000 $28,600 $114,400
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

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-253669

The MLS

APN: 5149-023-197