NOT LISTED FOR SALE

Rowan Lofts 460 S Spring St Unit 1208 Los Angeles, CA 90013

Downtown LA Neighborhood

Estimated Value: $349,000 - $424,000

-- Bed
1 Bath
600 Sq Ft
$594/mo HOA Fee

Last Sold August 12, 2022

Last sale price $425,000 $708 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,894/month

87 Days on Market

Highlights

  • 24-Hour Security
  • 5-minute walk to Pershing Square Station
  • Property is near a park
  • In Ground Spa
  • 0.71 Acre Lot
  • 1-minute walk to Spring Street Park

About This Home

As of August 2022

BACK ON MARKET. MILLS ACT TAX SAVINGS, Historic Core, this Studio loft is located on one of the most vibrant streets in downtown LA. This 12th floor loft faces East and is approximately 600 square feet. Adjacent to Spring Street Park, the Rowan building was meticulously converted into innovative, urban-style living spaces showcased by original exposed brick walls and oversized Mahogany trimmed windows. This loft features a gourmet kitchen with Scavolini Italian cabinetry, Bosch stainless steel 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 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

David Lakshin

Destiny Group Real Estate Services Inc License #00929485 Listed on: 04/12/2022

Co-Listed By

Colleen Lakshin

BUILDER INTELLIGENCE GROUP,INC License #01106746

Last Buyer's Agent

Brandon Buhr

PLG Estates License #01458815

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,371

Year Built

  • Built in 1912

Lot Details

  • 0.71

HOA Fees

  • $594 Monthly HOA Fees

Parking

  • Parking Available

Home Design

  • Loft
  • Planned Development

Interior Spaces

  • 1 Full Bathroom
  • 600 Sq Ft Home
  • Wood Frame Window
  • Wood Flooring
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Disposal

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 5149023208

Community Details

Overview

  • 206 Units
  • Rowan Property Owner's Association, Phone Number (949) 672-9091
  • Seebreeze Management HOA

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Meeting Room

Recreation

  • Community Spa

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,371

Year Built

Built in 1912

Lot Details

0

HOA Fees

$594 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System
  • View: No
  • Property Sub Type: Loft
  • Property Type: Residential
  • Parcel Number: 5149023208
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 600.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 708.33
  • Room Type: Loft
  • Spa Features: Association, In Ground
  • Window Features: Wood Frames

Exterior Features

  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Meeting Room, Security, Controlled Access
  • Association Fee: 594.00
  • Association Fee Frequency: Monthly
  • Association Name: Rowan Property Owner's Association
  • Phone: 949-672-9091
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Urban
  • Association Management: SeeBreeze Management

Schools

  • School District: Los Angeles Unified

Lot Info

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

Multi Family

  • Lease Considered: No
  • Lot Size Area: 30787.0000 Square Feet
  • Number Of Units In Community: 206
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 63018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
Jul 12, 2022
Sold by
Rowan Spring Llc
Bought by
Small Michael
Seller's Agent
David Lakshin
Destiny Group Real Estate Services Inc
Buyer's Agent
Brandon Buhr
PLG Estates
List Price
$439,900
Sold Price
$425,000
Premium/Discount to List
-$14,900
-3.39%
Current Estimated Value
$395,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,206
Avg. Annual Appreciation
-2.74%
Original Mortgage
$382,500
Outstanding Balance
$366,712
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$24,397

Purchase Details

Closed on
Jul 11, 2011
Sold by
Msgg Rowan Realty Partners Llc
Bought by
Rowan Spring Llc
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
Small Michael $425,000 Fidelity National Builders Ser
Rowan Spring Llc $5,894,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Small Michael $382,500
Previous Owner Rowan Spring Llc $8,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $425,000 -1.1% $708 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/01/2022 06/01/22 Price Changed $429,900 -2.3% $717 / Sq Ft
04/12/2022 04/12/22 For Sale $439,900 0.0% $733 / Sq Ft
03/21/2021 03/21/21 Rented $1,550 0.0% --
02/25/2021 02/25/21 Price Changed $1,550 -16.2% $3 / Sq Ft
02/15/2021 02/15/21 For Rent $1,850 -9.8% --
12/04/2019 12/04/19 Rented $2,050 +9.3% --
10/25/2019 10/25/19 For Rent $1,875 -- --
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 $1,816 $73,000 $14,600 $58,400
2014 $1,632 $73,000 $14,600 $58,400
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    David Lakshin

    Destiny Group Real Estate Services Inc

    (951) 333-7250

    3 in this area

    22 Total Sales

    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Colleen Lakshin

    BUILDER INTELLIGENCE GROUP,INC

    (951) 333-7250

    1 in this area

    58 Total Sales

    Section Image
  • Brandon Buhr

    Buyer's Agent in 2022

    Brandon Buhr

    PLG Estates

    (310) 433-5750

    8 in this area

    10 Total Sales

    Section Image
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About Rowan Lofts

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV22073470

California Regional Multiple Listing Service (CRMLS)

APN: 5149-023-208

California Los Angeles County Los Angeles 90013 Downtown LA

460 S Spring St Unit 1208, Los Angeles, CA

This home is located at 460 S Spring St Unit 1208, Los Angeles, CA 90013 since 12 April 2022 and is currently estimated at $391,109, approximately $651 per square foot. This property was built in 1912. 460 S Spring St Unit 1208 is a home located in Los Angeles County with nearby schools including Para Los Niños Charter Middle School, John H. Liechty Middle School, and Academic Leadership Community Miguel Contreras Learning Complex.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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