NOT LISTED FOR SALE

Estimated Value: $487,028 - $566,000

2 Beds
2 Baths
860 Sq Ft
$652/mo HOA Fee

Last Sold December 15, 2021

Last sale price $575,000 $669 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,793/month

19 Days on Market

Highlights

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

About This Home

As of December 2021

Spacious loft located in the nostalgic Rowan Building of the “old bank district” in DTLA awaits you. The condo offers a classic charm with high ceilings and open floorplan. Modern upgrades throughout including hardwood floors, central air/heat and sound barrier windows. As you enter the space, you’ll notice the characteristic exposed brick walls, attractive living room, dining area, & spacious office nook. The fashionable kitchen is ideal for a gourmet chef which includes ample cabinet and counter space accompanied with stainless-steel appliances and large kitchen island. This unit faces Spring St and offers plenty of natural light beaming in through the large windows with upgraded sound proofing making this the perfect place for those seeking a quiet place to call home. Additional amenities include all appliances and an in-unit stackable washer/ dryer. Probably the best feature is that the Rowan Building is Mills Act approved which provides significant property tax savings to the condo owner. Building amenities include 24Hr manned security, community room, hot tub, splash pool, barbecues, secure park and dog area making this one of DTLA’s most amazing buildings. There is also optional paid dedicated parking with a secured gated walkway to the Rowan building. Perfect place for first time home buyer, investor, international buyer, or those professionals working in downtown LA.

Last Agent to Sell the Property

Chris Lechner

Weichert, Realtors-GlobalPoint License #01873493 Listed on: 10/28/2021

Weichert, Realtors-GlobalPoint

Co-Listed By

Nohora Delgado

Weichert, Realtors-GlobalPoint License #02009452

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,290

Year Built

  • Built in 1912

Lot Details

  • Two or More Common Walls

HOA Fees

  • $652 Monthly HOA Fees

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Traditional Architecture
  • Turnkey

Interior Spaces

  • 860 Sq Ft Home
  • Open Floorplan
  • Brick Wall or Ceiling
  • High Ceiling
  • Track Lighting
  • Fireplace
  • Insulated Windows
  • Blinds
  • Entryway
  • Family Room Off Kitchen
  • Living Room
  • Storage
  • Wood Flooring

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Recirculated Exhaust Fan
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Low Flow Toliet
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

Parking

  • Public Parking
  • Parking Available
  • Community Parking Structure

Outdoor Features

  • Spa
  • Fireplace in Patio
  • Patio
  • Outdoor Fireplace
  • Fire Pit
  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Central Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 63018
  • Assessor Parcel Number 5149023074
  • $394 per year additional tax assessments

Community Details

Overview

  • 206 Units
  • Rowan Poa, Phone Number (800) 232-7517
  • Seabreeze HOA
  • 12-Story Property

Amenities

  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room
  • Community Storage Space

Recreation

  • Community Spa
  • Dog Park

Pet Policy

  • Pets Allowed

Security

  • Security Guard
  • Controlled Access
  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,290

Year Built

Built in 1912

Lot Details

0

HOA Fees

$652 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LAC4
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5149023074
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 860.00 Square Feet
  • Interior Amenities: Brick Walls, Granite Counters, High Ceilings, Open Floorplan, Storage, Track Lighting
  • Stories: 12
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: In Kitchen
  • Fireplace Features: Outside, Patio, Fire Pit
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 668.60
  • Room Type: Entry, Kitchen, Laundry, Living Room, Master Bedroom
  • Spa Features: Association
  • Window Features: Blinds, Insulated Windows, Storm Window(s)
  • Bathroom Features: Low Flow Toilet(s), Shower In Tub, Exhaust Fan(s), Granite Counters
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers

Exterior Features

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

Garage/Parking

  • Parking: Yes
  • Parking Features: Community Structure, Public

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Ice Maker, Microwave, Recirculated Exhaust Fan, Refrigerator, Water Heater Central, Water Line to Refrigerator
  • Heating Type: Central
  • Laundry Features: In Closet, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Fire Pit, Barbecue, Picnic Area, Dog Park, Recreation Room, Storage, Gas, Trash, Sewer, Water, Pets Permitted, Guard, Security, Controlled Access
  • Association Fee: 652.00
  • Association Fee Frequency: Monthly
  • Association Name: Rowan POA
  • Phone: 800-232-7517
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Dog Park, Sidewalks, Street Lights, Urban
  • Association Management: Seabreeze

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Park Nearby, Walkstreet
  • 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: 206

Tax Info

  • Tax Census Tract: 2073.02
  • Tax Lot: 1
  • Tax Tract Number: 63018
  • TaxOtherAnnualAssessmentAmount: 394.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Oct 22, 2021
Sold by
Navarria Jane F
Bought by
Kuhlmann Evan
Seller's Agent
Chris Lechner
Weichert, Realtors-GlobalPoint
List Price
$575,000
Sold Price
$575,000
Total Days on Market
19
Current Estimated Value
$525,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,493
Avg. Annual Appreciation
-1.31%
Original Mortgage
$431,250
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 13, 2019
Closed on
Oct 29, 2019
Sold by
Hwang Carolina
Bought by
Navarria Jane F
Seller's Agent
Mark Duncan
eXp Realty of California Inc
Buyer's Agent
Michelle Carr Quintana
Berkshire Hathaway HomeServices CA Properties
List Price
$649,000
Sold Price
$649,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.55%
Original Mortgage
$485,000
Interest Rate
2.75%

Purchase Details

Listed on
Jul 26, 2013
Closed on
Jul 5, 2013
Sold by
Gao Kathy Hua
Bought by
Hwang Caroline
Seller's Agent
Ryan Asao
KW Executive
Buyer's Agent
Ryan Asao
KW Executive
List Price
$488,000
Sold Price
$475,000
Premium/Discount to List
-$13,000
-2.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$372,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2011
Sold by
Gao Kathy Hua and Gao Ning
Bought by
Gao Kathy Hua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2009
Sold by
Msgg Rowan Realty Partners Llc
Bought by
Gao Kathy Hua and Gao Ning

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
4.91%
Mortgage Type
New Conventional
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
Kuhlmann Evan $575,000 Stewart Title Of California In
Navarria Jane F $649,000 Stewart Title Of Ca Inc
Hwang Caroline $475,000 Chicago Title Company
Gao Kathy Hua -- Lawyers Title Company
Gao Kathy Hua $355,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kuhlmann Evan $50,000
Previous Owner Kuhlmann Evan $431,250
Previous Owner Navarria Jane F $485,000
Previous Owner Hwang Caroline $372,000
Previous Owner Gao Kathy Hua $320,000
Previous Owner Gao Kathy Hua $272,500
Previous Owner Gao Kathy Hua $278,000
Previous Owner Gao Kathy Hua $284,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $575,000 0.0% $669 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
11/16/2021 11/16/21 For Sale $575,000 0.0% $669 / Sq Ft
11/15/2021 11/15/21 Off Market $575,000 -- --
10/28/2021 10/28/21 For Sale $575,000 -11.4% $669 / Sq Ft
11/04/2019 11/04/19 Sold $649,000 0.0% $755 / Sq Ft
09/24/2019 09/24/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $649,000 +36.6% $755 / Sq Ft
08/23/2013 08/23/13 Sold $475,000 -2.7% $552 / Sq Ft
07/26/2013 07/26/13 For Sale $488,000 0.0% $567 / Sq Ft
06/28/2013 06/28/13 Pending -- -- --
05/25/2013 05/25/13 For Sale $488,000 -- $567 / 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 $2,290 $150,000 $30,000 $120,000
2023 $2,262 $150,000 $30,000 $120,000
2022 $2,177 $150,000 $30,000 $120,000
2021 $2,977 $219,000 $43,800 $175,200
2019 $2,645 $221,000 $44,200 $176,800
2018 $3,010 $221,000 $44,200 $176,800
2016 $2,202 $160,000 $32,000 $128,000
2015 $2,465 $160,000 $32,000 $128,000
2014 $2,245 $157,000 $31,400 $125,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21235778

California Regional Multiple Listing Service (CRMLS)

APN: 5149-023-074