$650,000
SOLD JAN 19, 2017
1 Bed
1 Bath
1,026 Sq Ft
$499/mo HOA Fee

Recently Sold

$634 Per Sq Ft

19 Days on Market

Highlights

  • 24-Hour Security
  • 5-minute walk to Pershing Square Station
  • Open Floorplan
  • Spa
  • 0.71 Acre Lot
  • 1-minute walk to Spring Street Park

About This Home

As of January 2017

Incredible opportunity to own an extra large 1 Bed Loft in one of Downtown’s most coveted luxury condo buildings! The ROWAN at 5th and Spring in the heart of the historic core close to many of downtown’s most popular restaurants, bars, and shops, and is located directly next to the Spring Street Park. This unit is a corner unit with 15’ Ft high ceilings, and 2 Balconies – extremely rare in downtown! Featuring Scavolini Italian cabinetry, granite counter tops, Bosch appliances, hardwood floors and the beautifully restored original mahogany window frames. The building has a grand lobby and community lounge, both professionally designed by the award-winning interior designer Dodd Mitchell. There is also an outdoor community garden area with 2 Jacuzzis, BBQ grills, chaise lounges, a table and chairs, and dog-potty area. The Rowan is Mills Act Approved, giving the homeowners an estimated savings anywhere from 65-85% off the normal 1.25% annual property taxes!!

Last Agent to Sell the Property

Alin Glogvicean

No Firm Affiliation License #01327641 Listed on: 11/23/2016

Last Buyer's Agent

Ryan Hanke

Redfin Corporation License #01989718

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,546

Year Built

  • Built in 1912 | Remodeled

Lot Details

  • End Unit
  • 1 Common Wall
  • No Landscaping

HOA Fees

  • $499 Monthly HOA Fees

Home Design

  • Turnkey

Interior Spaces

  • 1,026 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Living Room
  • Loft
  • Wood Flooring
  • Views of a landmark
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Spa
  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1326
  • Tax Tract Number 1
  • Assessor Parcel Number 5149023036

Community Details

Overview

  • 70 Units

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Meeting Room
  • Recreation Room

Recreation

  • Community Spa

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,546

Year Built

Built in 1912 | Remodeled

Lot Details

0

HOA Fees

$499 per month

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated with Guard
  • View: Yes
  • Zoning: LAC4
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5149023036
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1026.00 Square Feet
  • Interior Amenities: Balcony, High Ceilings, Living Room Balcony, Open Floorplan
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Wood
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 633.53
  • Room Type: Kitchen, Living Room, Loft
  • Spa Features: Association

Exterior Features

  • View: Landmark
  • Pool Private: No
  • Spa: Yes

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet
  • 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, Recreation Room, Meeting Room, Guard
  • Association Fee: 499.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • 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: 70
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2073.02
  • Tax Lot: 1326
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 9, 2024
Sold by
Rigal Jackeline
Bought by
Jackeline Rigal Trust and Rigal
Total Days on Market
19
Current Estimated Value
$603,540

Purchase Details

Closed on
Jan 23, 2023
Sold by
Hu Alexander and Hu Mai
Bought by
Rigal Jackeline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,750
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 23, 2016
Closed on
Jan 5, 2017
Sold by
Lundquist Robert and Magaz Nazare
Bought by
Hu Alexander and Magaz Nazare
Seller's Agent
Alin Glogvicean
No Firm Affiliation
Buyer's Agent
Ryan Hanke
Redfin Corporation
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.88%
Original Mortgage
$520,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2014
Sold by
Lundquist Robert and Magaz Nazare
Bought by
Lunquist Magaz Trust

Purchase Details

Listed on
Oct 4, 2013
Closed on
Feb 3, 2014
Sold by
Rowan Spring Llc
Bought by
Lundguist Robert and Magaz Nazare
Seller's Agent
Anne Healy
WRS Enterprises, Inc.
Buyer's Agent
Anh Tran
Keller Williams Larchmont
List Price
$549,900
Sold Price
$548,000
Premium/Discount to List
-$1,900
-0.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.86%

Purchase Details

Closed on
Jul 11, 2011
Sold by
Msgg Rowan Realty Partners Llc
Bought by
Rowan Spring Llc
Source: Public Records

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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 Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $605,000 Lawyers Title Company
Grant Deed $650,000 Ortc
Interfamily Deed Transfer -- None Available
Grant Deed $548,000 First American Title Company
Grant Deed $5,894,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $574,750 New Conventional
Previous Owner $480,000 New Conventional
Previous Owner $520,000 New Conventional
Previous Owner $8,750,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2021 08/08/21 Rented $2,500 0.0% --
07/06/2021 07/06/21 For Rent $2,500 0.0% --
01/19/2017 01/19/17 Sold $650,000 +0.2% $634 / Sq Ft
12/12/2016 12/12/16 Pending -- -- --
11/23/2016 11/23/16 For Sale $649,000 +18.4% $633 / Sq Ft
02/18/2014 02/18/14 Sold $548,000 -0.3% $534 / Sq Ft
01/28/2014 01/28/14 Pending -- -- --
10/04/2013 10/04/13 For Sale $549,900 -- $536 / 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
2024 $2,546 $166,000 $33,200 $132,800
2023 $2,514 $166,000 $33,200 $132,800
2022 $2,419 $166,000 $33,200 $132,800
2021 $3,311 $250,000 $50,000 $200,000
2019 $2,929 $252,000 $50,400 $201,600
2018 $3,343 $252,000 $50,400 $201,600
2016 $2,417 $175,000 $35,000 $140,000
2015 $2,310 $167,000 $33,400 $133,600
2014 $2,036 $140,000 $28,000 $112,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16752470

California Regional Multiple Listing Service (CRMLS)

APN: 5149-023-036