$305,000
SOLD AUG 4, 2025
1 Bed
1 Bath
470 Sq Ft
$679/mo HOA Fee

Recently Sold

$649 Per Sq Ft

5% Below List Price

45 Days on Market

Highlights

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

About This Home

As of August 2025

Live the best of DTLA life in this sleek loft on Spring Street in the iconic Rowan building. This loft was FEATURED IN CURBED LA!! Located in the Old Bank District in the booming Historic Core of Downtown LA, the Rowan was originally built in 1912 and exquisitely remodeled in 2008. Today's residents enjoy a beautiful mix of historic building features and high-end modern conveniences. Historic features include exposed brick walls, original large windows with beautiful mahogany frames, historic marble flooring in the lobby and restored exterior facade. The Rowan is a full amenity building, including a 24 hour doorman, resident's lounge, hot and cold plunge pools, outdoor BBQ area, dog run, secure parking, on-site dry cleaning valet and bike storage. All common areas are even WIFI-enabled. This cool loft has a wonderful open layout, 10-foot ceilings, exposed brick walls and top of the line appliances. The large windows let in luscious amounts of light. There's a nicely separated corner space for the bedroom area and a roomy bathroom plus laundry in the unit. Investment opportunity for anyone looking for built in income with a tenant currently renting, or live there yourself and enjoy being in the heart of the action! And best of all, take advantage of the Mills Act preservation property tax break! Also available for lease.

Last Agent to Sell the Property

Jenny Morant

Compass Brokerage Phone: 424-409-8976 License #01874517 Listed on: 05/06/2025

Compass

Co-Listed By

Tyler Morant

Compass Brokerage Phone: 424-409-8976 License #02155473

Last Buyer's Agent

Avery Carroll

Coldwell Banker Realty License #02192025

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,181

Year Built

  • Built in 1912

Lot Details

  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

HOA Fees

  • $679 Monthly HOA Fees

Interior Spaces

  • 470 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Brick Wall or Ceiling
  • High Ceiling
  • Wood Frame Window
  • City Lights Views
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • Parking Available
  • Off-Street Parking

Additional Features

  • Spa
  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 5149023065

Community Details

Overview

  • 206 Units
  • Rowan Property Owners Association, Phone Number (800) 706-7838
  • Prime Assocation Management HOA

Amenities

  • Community Barbecue Grill
  • Trash Chute
  • Clubhouse

Recreation

  • Community Spa

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,181

Year Built

Built in 1912

Lot Details

0

HOA Fees

$679 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Washer/Dryer combo unit & Refrigerator
  • Property Attached: Yes
  • Security: 24 Hour Security
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5149023065
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 470.00 Square Feet
  • Interior Amenities: Brick Walls, Built-in Features, High Ceilings, Open Floorplan, Trash Chute
  • Stories: 1
  • Entry Location: 4th floor
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Level: 4
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 648.94
  • Room Type: Primary Bathroom
  • Spa Features: Association
  • Window Features: Wood Frames

Exterior Features

  • View: City Lights
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, 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: Pool, Spa/Hot Tub, Barbecue, Clubhouse
  • Association Fee: 679.22
  • Association Fee Frequency: Monthly
  • Association Name: Rowan Property Owners Association
  • Phone: (800) 706-7838
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Urban
  • Association Management: Prime Assocation Management

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 30787.00
  • Lot Size Acres: 0.7068

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 30787.0000 Square Feet
  • Number Of Units In Community: 206
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2023
Sold by
Gan Amrapali
Bought by
Ag Revocable Trust and Gan
Total Days on Market
45

Purchase Details

Listed on
Sep 9, 2015
Closed on
Sep 21, 2015
Sold by
Cardwell Mitchell Ray
Bought by
Gan Amrapali
Seller's Agent
Kameron Eliassian
Avenue Homes
Buyer's Agent
Don Rossignol
List Price
$380,000
Sold Price
$385,000
Premium/Discount to List
$5,000
1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.85%
Original Mortgage
$308,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 14, 2014
Closed on
Mar 20, 2014
Sold by
Gaumer William B and Gaumer Jacquelyn L
Bought by
Cardwell Mitchell Ray
Seller's Agent
Ted Trentman
Realty Source Incorporated
Buyer's Agent
Tom Scrocco
Douglas Elliman
List Price
$349,000
Sold Price
$330,000
Premium/Discount to List
-$19,000
-5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.67%
Original Mortgage
$264,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2010
Sold by
Msgg Rowan Realty Partners Llc
Bought by
Gaumer William B and Gaumer Jacquelyn L
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 -- Accommodation/Courtesy Recordi
Grant Deed $385,000 Equity Title Company
Grant Deed $330,000 Fatcola
Grant Deed $220,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $308,000 Adjustable Rate Mortgage/ARM
Previous Owner $264,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 Sold $305,000 -4.7% $649 / Sq Ft
06/20/2025 06/20/25 Pending -- -- --
05/06/2025 05/06/25 For Sale $320,000 0.0% $681 / Sq Ft
05/29/2019 05/29/19 Rented $1,800 0.0% --
05/28/2019 05/28/19 Under Contract -- -- --
05/27/2019 05/27/19 Off Market $1,800 -- --
05/16/2019 05/16/19 Price Changed $1,800 -8.9% $4 / Sq Ft
04/16/2019 04/16/19 For Rent $1,975 0.0% --
10/23/2015 10/23/15 Sold $385,000 +1.3% $819 / Sq Ft
09/18/2015 09/18/15 Pending -- -- --
09/09/2015 09/09/15 For Sale $380,000 +15.2% $809 / Sq Ft
04/18/2014 04/18/14 Sold $330,000 -2.7% $702 / Sq Ft
03/19/2014 03/19/14 Pending -- -- --
03/10/2014 03/10/14 Price Changed $339,000 -2.9% $721 / Sq Ft
02/14/2014 02/14/14 For Sale $349,000 -- $743 / 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
2025 $1,181 $82,000 $16,400 $65,600
2024 $1,181 $82,000 $16,400 $65,600
2023 $1,169 $82,000 $16,400 $65,600
2022 $1,125 $82,000 $16,400 $65,600
2021 $1,564 $120,000 $24,000 $96,000
2019 $1,643 $121,000 $24,200 $96,800
2018 $1,579 $121,000 $24,200 $96,800
2016 $1,612 $126,000 $25,200 $100,800
2015 $1,470 $109,000 $21,800 $87,200
2014 $864 $56,000 $11,200 $44,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25099887

California Regional Multiple Listing Service (CRMLS)

APN: 5149-023-065