$475,000
SOLD AUG 23, 2013
2 Beds
2 Baths
860 Sq Ft
$491/mo HOA Fee

Recently Sold

$552 Per Sq Ft

3% Below List Price

34 Days on Market

Highlights

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

About This Home

As of December 2021

This beautiful & spacious loft is located in the historic Old Bank District surrounded by rich culture and art. Once used as commercial buildings, these structures have been converted to residential use for those who prefer the urban lifestyle. The newly restored Rowan Building is a testament to architecture & design. This southern facing building is covered in large windows that allow an abundance of natural light during the day & showcase the serene skyline by night. Each loft was converted into a modern urban-style living space showcased by the original exposed brick walls, high ceilings, & large mahogany trimmed windows. This loft offers a gourmet kitchen, a separate bedroom area & bath featuring Scavolini cabinetry, granite counter tops, Bosch appliances, and maple flooring. Shared amenities include a residence lounge with kitchenette, a private garden and barbeque area, & an outdoor seating area with hot and cold spas. Parking is available in the garage next door for an additional fee. The new Spring Street Park which is being installed in front of the Rowan will add green space and beauty to an already exceptional street. The Rowan Building has been designated a Mills Act Building which gives owners a large discount on their property taxes.

Last Agent to Sell the Property

Ryan Asao

KW Executive License #01331834 Listed on: 07/26/2013

KW Executive

Last Buyer's Agent

Ryan Asao

KW Executive License #01331834 Listed on: 07/26/2013

KW Executive

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,290

Year Built

  • Built in 1912

HOA Fees

  • $491 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Public Parking
  • Parking Available

Interior Spaces

  • 860 Sq Ft Home
  • Brick Wall or Ceiling
  • High Ceiling
  • Custom Window Coverings
  • Loft
  • Wood Flooring
  • City Lights Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • In Ground Spa
  • Exterior Lighting

Additional Features

  • Accessible Elevator Installed
  • Two or More Common Walls
  • Property is near a park
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 63018
  • Assessor Parcel Number 5149023074

Community Details

Overview

  • 206 Units
  • Maintained Community

Amenities

  • Clubhouse
  • Laundry Facilities

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,290

Year Built

Built in 1912

Lot Details

0

HOA Fees

$491 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5149023074
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 860.00
  • Interior Amenities: Brick Walls, High Ceilings
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, In Kitchen
  • Levels: One
  • Price Per Square Foot: 552.33
  • Room Type: Loft, Master Bedroom
  • Spa Features: In Ground
  • Window Features: Custom Covering

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage, Public
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Recirculated Exhaust Fan
  • Heating Type: Central
  • Laundry Features: Common Area
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Dues Paid Monthly, Gas, Guard, Management, Maintenance Grounds, Pet Rules, Pets Permitted, Security, Spa/Hot Tub, Trash, Water
  • Association Fee: 491.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Schools

  • School District: Los Angeles Unified

Lot Info

  • Lot Features: Park Nearby, Walkstreet
  • Lot Size Sq Ft: 30787.00
  • Lot Size Acres: 0.7070

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 Lot: 1
  • Tax Tract Number: 63018

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
34
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 Type Sale Price Title Company
Grant Deed $575,000 Stewart Title Of California In
Warranty Deed $649,000 Stewart Title Of Ca Inc
Grant Deed $475,000 Chicago Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Grant Deed $355,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $50,000 Credit Line Revolving
Previous Owner $431,250 New Conventional
Previous Owner $485,000 No Value Available
Previous Owner $372,000 New Conventional
Previous Owner $320,000 New Conventional
Previous Owner $272,500 New Conventional
Previous Owner $278,000 New Conventional
Previous Owner $284,000 New Conventional
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: AR13098120

California Regional Multiple Listing Service (CRMLS)

APN: 5149-023-074