NOT LISTED FOR SALE

Estimated Value: $439,000 - $570,000

1 Bed
1 Bath
800 Sq Ft
$700/mo HOA Fee

Last Sold August 17, 2023

Last sale price $525,000 $656 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,557/month

48 Days on Market

Highlights

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

About This Home

As of August 2023

Downtown luxury loft living at its finest. The Rowan is a jewel in downtown's historic core that has been granted Mills Act tax status, resulting in significant property tax savings. Its location in the heart of downtown provides quick access to various attractions such as shops, restaurants, galleries, and events. The adjacent Spring St. park is an excellent spot to take your furry friend. This unit offers a unique living experience with its exposed brick walls, providing a chic and stylish vibe. Boasting breathtaking city views, the loft is sure to impress. The loft's large windows allow for an abundance of natural light, creating a warm and inviting atmosphere. The sleek updated kitchen features top-of-the-line appliances, perfect for the aspiring chef. The large closet includes built-in shelving, making organizing a breeze. The building offers various amenities such as a 24-hour door person, conference facilities, outdoor spaces equipped with hot and cold plunge pools, BBQ and outdoor kitchens as well as a dog run. The Rowan, built in 1912, was refurbished into condos in 2008, making it an outstanding example of loft living in DTLA.

Last Agent to Sell the Property

Aneela Zaman

Douglas Elliman License #01931182 Listed on: 05/18/2023

Douglas Elliman

Co-Listed By

Noelle Bohannon

Hollywood Estates License #02152228

Last Buyer's Agent

Hattie Ramirez

Keller Williams Realty Los Feliz License #01055189

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1912

Lot Details

  • 0.71

HOA Fees

  • $700 Monthly HOA Fees

Home Design

  • Art Deco Architecture
  • Entry on the 5th floor

Interior Spaces

  • 800 Sq Ft Home
  • Built-In Features
  • Great Room
  • Laminate Flooring
  • City Views

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Spa

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5149-023-091

Community Details

Overview

  • 206 Units
  • 13-Story Property

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Meeting Room
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Year Built

Built in 1912

Lot Details

0

HOA Fees

$700 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Art Deco
  • Street Number Display: Yes
  • Complex Name: Rowan Property Owners Association
  • Entry Floor: 5
  • Living Area: 800
  • Lot Acreage: 0.7068
  • Planned Urban Dev: 0
  • Stories: 13
  • Year Built: 1912
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Equipment: Dishwasher, Dryer, Washer, Range/Oven, Built-Ins, Refrigerator
  • Price Per S Q F T: 675.00

Exterior Features

  • Pool Description: Association Pool
  • Pool: Yes
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: City
  • View: Yes

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: 24 Hour, Guarded

Association/Amenities

  • Amenities: Assoc Barbecue, Conference, Elevator, Outdoor Cooking Area, Pool, Security, Spa
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 700.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5149-023-091
  • Lot Size Area: 30787

Multi Family

  • Number Of Units: 206

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Jul 6, 2023
Sold by
Casey L Curtis Revocable Trust
Bought by
Scripture Kayla and Kapoor Heera
Seller's Agent
Aneela Zaman
Douglas Elliman
Buyer's Agent
Hattie Ramirez
Keller Williams Realty Los Feliz
List Price
$540,000
Sold Price
$525,000
Premium/Discount to List
-$15,000
-2.78%
Views
63
Current Estimated Value
$511,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,629
Avg. Annual Appreciation
-1.10%
Original Mortgage
$115,000
Outstanding Balance
$112,948
Interest Rate
8.1%
Estimated Equity
$398,423

Purchase Details

Closed on
Aug 23, 2014
Sold by
Curtis Casey Lauren
Bought by
Curtis Casey L and Casey L Curtis Revocable Trust

Purchase Details

Closed on
Jun 18, 2010
Sold by
Msgg Rowan Realty Partners Llc
Bought by
Curtis Casey Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.68%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Scripture Kayla $525,000 Chicago Title Company
Curtis Casey L -- None Available
Curtis Casey Lauren $350,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scripture Kayla $115,000
Open Scripture Kayla $415,000
Previous Owner Curtis Casey Lauren $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2023 08/17/23 Sold $525,000 -2.8% $656 / Sq Ft
07/05/2023 07/05/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $540,000 -- $675 / 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 $2,138 $140,000 $28,000 $112,000
2024 $2,138 $140,000 $28,000 $112,000
2023 $2,028 $140,000 $28,000 $112,000
2022 $1,952 $140,000 $28,000 $112,000
2021 $2,693 $204,000 $40,800 $163,200
2019 $2,821 $206,000 $41,200 $164,800
2018 $2,723 $206,000 $41,200 $164,800
2016 $1,326 $95,000 $19,000 $76,000
2015 $1,316 $95,000 $19,000 $76,000
2014 $2,008 $95,000 $19,000 $76,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-271919

The MLS

APN: 5149-023-091