NOT LISTED FOR SALE

Rowan Lofts 460 S Spring St Unit 402 Los Angeles, CA 90013

Downtown LA Neighborhood

Estimated Value: $412,000 - $804,000

1 Bed
1 Bath
720 Sq Ft
0.71 Acres

Last Sold November 18, 2013

Last sale price $435,000 $604 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,482/month

10 Days on Market

Highlights

  • 24-Hour Security
  • 5-minute walk to Pershing Square Station
  • Wood Flooring
  • In Ground Pool
  • 30,787 Sq Ft lot
  • 1-minute walk to Spring Street Park

About This Home

As of November 2013

NOW IS YOUR CHANCE TO OWN A BEAUTIFUL ONE BEDROOM LOFT IN ONE OF DOWNTOWN'S MOST COVETED LUXURY CONDO BUILDINGS! THE ROWAN IS AT THE CORNER OF 5TH AND SPRING IN THE HEART OF THE HISTORIC CORE CLOSE TO MANY OF DOWNTOWN'S MOST POPULAR RESTAURANTS AND BARS, AND IS LOCATED DIRECTLY NEXT TO THE NEW SPRING STREET PARK. THIS UNIT IS A CORNER UNIT WITH A VIEW OF THE PARK FROM THE BEDROOM, AND IT GETS GREAT NATURAL LIGHT FROM THE EAST/SOUTHEAST. IT FEATURES 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 TWO JACUZZIS, BBQ GRILLS, CHAISE LOUNGES, A TABLE AND CHAIRS, AND DOG-POTTY AREA. THE ROWAN IS MILLS ACT APPROVED, GIVING THE HOMEOWNERS ANYWHERE FROM 65-85% OFF THE NORMAL 1.25% ANNUAL PROPERTY TAX RATE!

Last Agent to Sell the Property

Anne Healy

WRS Enterprises, Inc. License #01879860 Listed on: 10/04/2013

Last Buyer's Agent

Anne Healy

WRS Enterprises, Inc. License #01879860 Listed on: 10/04/2013

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1912

Lot Details

  • 0.71

Parking

  • Parking Garage Space

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 720 Sq Ft Home
  • Loft
  • Property Views

Kitchen

  • Oven or Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Prewired Security
  • Security Lights

Pool

  • In Ground Pool

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 5149-023-063

Community Details

Overview

  • 206 Units
  • Association Phone (213) 627-2965
  • High-Rise Condominium
  • Maintained Community

Amenities

  • Community Barbecue Grill
  • Elevator
  • Community Storage Space

Recreation

  • Park

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: High or Mid-Rise Condo
  • Street Number Display: Yes
  • Complex Name: Rowan Property Owner's Association
  • Entry Floor: 4
  • Living Area: 720
  • Planned Urban Dev: 1
  • Year Built: 1912
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Hardwood, Laminate, Tile
  • Bedrooms: 1
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer, Water Line to Refrigerator
  • Price Per S Q F T: 610.97

Exterior Features

  • Tennis Court Y/N: No
  • Pool: Yes
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Community Garage

Utilities

  • Cooling: Air Conditioning, Central, Heat Pump(s)
  • Heating: Heat Pump
  • Security: 24 Hour, Exterior Security Lights, Gated Community with Guard, Prewired for alarm system

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Elevator, Extra Storage, Gated Community Guard, Greenbelt/Park, Onsite Property Management, Security
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fees: 464.38
  • Phone: 213-627-2965

Lot Info

  • Assessor Parcel Number: 5149-023-063
  • Geocode Override: No
  • Lot Size Area: 30787

Multi Family

  • Number Of Units: 206

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2017
Sold by
Morgan Timothy R and Morgan Kengathevy
Bought by
Morgan Timothy R and Morgan Kengathevy
Current Estimated Value
$448,313

Purchase Details

Listed on
Oct 4, 2013
Closed on
Nov 7, 2013
Sold by
Rowan Springs Llc
Bought by
Morgan Timothy R and Morgan Kengathevy
Seller's Agent
Anne Healy
WRS Enterprises, Inc.
Buyer's Agent
Anne Healy
WRS Enterprises, Inc.
List Price
$439,900
Sold Price
$435,000
Premium/Discount to List
-$4,900
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.78%
Original Mortgage
$326,250
Outstanding Balance
$242,817
Interest Rate
4.18%
Mortgage Type
New Conventional
Estimated Equity
$296,570

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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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
Morgan Timothy R -- None Available
Morgan Tirnothy R -- None Available
Morgan Timothy R $435,000 First American Title Company
Rowan Spring Llc $5,894,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Timothy R $326,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2013 11/18/13 Sold $435,000 -1.1% $604 / Sq Ft
10/14/2013 10/14/13 Pending -- -- --
10/04/2013 10/04/13 For Sale $439,900 -- $611 / 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 $1,927 $126,000 $25,200 $100,800
2024 $1,927 $126,000 $25,200 $100,800
2023 $1,905 $126,000 $25,200 $100,800
2022 $1,834 $126,000 $25,200 $100,800
2021 $2,506 $184,000 $36,800 $147,200
2019 $2,612 $185,000 $37,000 $148,000
2018 $2,525 $185,000 $37,000 $148,000
2016 $1,850 $134,000 $26,800 $107,200
2015 $2,067 $134,000 $26,800 $107,200
2014 $1,887 $151,000 $30,200 $120,800
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Anne Healy

    WRS Enterprises, Inc.

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About Rowan Lofts

Map

Source: The MLS

MLS Number: 13-709437

The MLS

APN: 5149-023-063

California Los Angeles County Los Angeles 90013 Downtown LA

460 S Spring St Unit 402, Los Angeles, CA

Not Listed for Sale

Condos

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