NOT LISTED FOR SALE

Estimated Value: $429,000 - $546,000

1 Bed
1 Bath
820 Sq Ft
$650/mo HOA Fee

Last Sold March 24, 2022

Last sale price $430,000 $524 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,401/month

100 Days on Market

Highlights

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

About This Home

As of March 2022

This beautiful home is located in the Old Bank District in the heart of Downtown Los Angeles at The Rowan Lofts. This Live/Work Loft boasts oversized mahogany double-hung windows, hardwood floors, brick walls, an Italian kitchen with Bosch appliances and designer finishes. This New York style loft is laid out with a separate bedroom area. The current owner installed DOUBLE windows throughout to provide a very quiet, comfortable home. It comes with a Bosch Washer/Dryer inside the unit as well. There is a community lounge with WIFI and a kitchen, a common area garden, 2 BBQs and spa on site too! Spring Street Park and a variety of shops, restaurants and galleries are right outside your door! Save on property taxes in this Mills Act building. Long term parking available to residents in community garage for an additional fee. Agents: please read private remarks!

Last Agent to Sell the Property

Bill Cooper

Coldwell Banker Exclusive License #01309009 Listed on: 10/28/2021

Coldwell Banker Exclusive

Last Buyer's Agent

Bill Cooper

Coldwell Banker Exclusive License #01309009 Listed on: 10/28/2021

Coldwell Banker Exclusive

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,184

Year Built

  • Built in 1912

Lot Details

  • 0.71

HOA Fees

  • $650 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 820 Sq Ft Home
  • Built-In Features
  • Loft
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Additional Features

  • Spa
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5149-023-054

Community Details

Overview

  • 206 Units
  • Maintained Community
  • 13-Story Property

Amenities

  • Outdoor Cooking Area
  • Sundeck
  • Community Barbecue Grill
  • Picnic Area
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,184

Year Built

Built in 1912

Lot Details

0

HOA Fees

$650 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: Rowan Owners Association
  • Entry Floor: 3
  • Living Area: 820
  • Lot Acreage: 0.7068
  • Planned Urban Dev: 0
  • Stories: 13
  • Unit Floor In Building: 3
  • Year Built: 1912
  • Number Of Photos: 43
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Closet, In Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 548.78

Exterior Features

  • Pool: No
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: No

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: 24 Hour, Carbon Monoxide Detector(s), Fire and Smoke Detection System, T.V.

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Controlled Access, Elevator, Hot Water, Onsite Property Management, Outdoor Cooking Area, Picnic Area, Spa, Sun Deck
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 650.00
  • HOA: Yes
  • Unit Location: LowerBack

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5149-023-054
  • Lot Size Area: 30787

Multi Family

  • Number Of Units: 206

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2023
Sold by
Shefa Abdullah and Shefa Lori
Bought by
Abe And Lori Shefa Family Trust
Current Estimated Value
$484,402

Purchase Details

Listed on
Oct 28, 2021
Closed on
Feb 8, 2022
Sold by
Arasteth Ladangol
Bought by
Shefa Abdullah and Shefa Lori
Seller's Agent
Bill Cooper
Coldwell Banker Exclusive
Buyer's Agent
Bill Cooper
Coldwell Banker Exclusive
List Price
$499,000
Sold Price
$430,000
Premium/Discount to List
-$69,000
-13.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.39%

Purchase Details

Closed on
Mar 1, 2009
Sold by
Msgg Rowan Realty Partners Llc
Bought by
Feyz Nikolaus H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
4.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Abe And Lori Shefa Family Trust -- None Listed On Document
Shefa Abdullah $430,000 Chicago Title
Feyz Nikolaus H $265,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Feyz Nikolaus H $185,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $430,000 -4.4% $524 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
01/31/2022 01/31/22 Price Changed $450,000 -9.8% $549 / Sq Ft
10/28/2021 10/28/21 For Sale $499,000 0.0% $609 / Sq Ft
05/27/2014 05/27/14 Rented $1,925 -12.5% --
05/10/2014 05/10/14 Under Contract -- -- --
04/07/2014 04/07/14 For Rent $2,200 +4.8% --
04/15/2013 04/15/13 Rented $2,100 -4.5% --
04/12/2013 04/12/13 Under Contract -- -- --
01/28/2013 01/28/13 For Rent $2,200 +15.8% --
01/17/2012 01/17/12 Rented $1,900 0.0% --
12/26/2011 12/26/11 Under Contract -- -- --
12/13/2011 12/13/11 For Rent $1,900 -- --
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 $2,184 $143,000 $28,600 $114,400
2024 $2,184 $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
2020 $2,909 $211,000 $42,200 $168,800
2019 $2,524 $211,000 $42,200 $168,800
2018 $2,875 $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

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Map

Source: The MLS

MLS Number: 21-100467

The MLS

APN: 5149-023-054