NOT LISTED FOR SALE

Rowan Lofts 460 S Spring St Unit 709 Los Angeles, CA 90013

Downtown LA Neighborhood

Estimated Value: $437,000 - $576,000

1 Bed
1 Bath
829 Sq Ft
$642/mo HOA Fee

Last Sold October 05, 2021

Last sale price $507,000 $612 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,490/month

236 Days on Market

Highlights

  • 24-Hour Security
  • 5-minute walk to Pershing Square Station
  • Contemporary Architecture
  • Heated Spa
  • 0.71 Acre Lot
  • 1-minute walk to Spring Street Park

About This Home

As of October 2021

The one and only Rowan Lofts, a rare Mills Act Historic property - originally built in 1912 as a Bank HQ. Today, Rowan has been completely re-constructed and re-imagined as a luxury residential community. Mills Act status equates to a huge reduction in the owners annual LA County Property Tax bill. Bright & spacious open floor plan loft with 6 enormous nearly floor-to-ceiling windows. Cool contemporary style has been perfectly blended with classic historic features. This property has much natural light and is a refuge of quiet and calm amid DTLA's booming landscape. High end kitchen with Bosch appliances, Caesarstone counters, custom window shades, hardwood floors, large bathroom with deep soaking tub, etc. Rowan amenities include an outdoor dining area with BBQ, hot & cold spas. Indoor lounge/party room also available. So close to all that DTLA has to offer - including soon to open Citizen Hotel, Perla on Broadway, METRO station at 2nd St, numerous restaurants. Please 'click' on VIRTUAL TOUR prior to requesting an in-person property tour.

Last Agent to Sell the Property

Neil McDermott

Hilton & Hyland License #01385176 Listed on: 02/05/2021

Hilton & Hyland

Last Buyer's Agent

Alexandra Newman

Compass License #01967405

Compass

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1912

Lot Details

  • East Facing Home

HOA Fees

  • $642 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 7th floor

Interior Spaces

  • 829 Sq Ft Home
  • Furnished
  • Double Pane Windows
  • Dining Area
  • Loft
  • Wood Flooring
  • Courtyard Views
  • Security Lights

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Heated Spa
  • In Ground Spa

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5149-023-124

Community Details

Overview

  • 206 Units
  • High-Rise Condominium
  • Maintained Community
  • 12-Story Property

Amenities

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

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1912

Lot Details

0

HOA Fees

$642 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: Rowan Lofts
  • Entry Floor: 7
  • Living Area: 829
  • Lot Acreage: 0.7068
  • Planned Urban Dev: 0
  • Stories: 12
  • Year Built: 1912
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • 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, Garbage Disposal, Microwave, Washer, Refrigerator, Range/Oven, Recirculated Exhaust Fan
  • Price Per S Q F T: 638.12
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Exposure: Eastern
  • Pool: No
  • Spa: Community, Heated, In Ground
  • Spa Yn: Yes
  • View: Courtyard
  • View: Yes

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: 24 Hour, Card/Code Access, Fire and Smoke Detection System, Exterior Security Lights, Fire Sprinklers, Gated Community with Guard
  • Sewer: In Street
  • Water: District

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Controlled Access, Elevator, Gated Community Guard, Onsite Property Management, Outdoor Cooking Area, Spa, Security, Rec Multipurpose Rm
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 642.34
  • HOA: Yes
  • Unit Location: faces East

Lot Info

  • Assessor Parcel Number: 5149-023-124
  • Lot Size Area: 30787

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units: 206

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2009
Sold by
Msgg Rowan Realty Partners Llc
Bought by
Oconnell Sean P
Current Estimated Value
$515,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,469
Outstanding Balance
$178,403
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$336,933
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
Oconnell Sean P $305,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oconnell Sean P $274,469
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2021 10/05/21 Sold $507,000 -4.2% $612 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
06/10/2021 06/10/21 Price Changed $529,000 -7.0% $638 / Sq Ft
02/24/2021 02/24/21 Price Changed $569,000 -5.0% $686 / Sq Ft
02/05/2021 02/05/21 For Sale $599,000 -- $723 / 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 $2,163 $140,000 $28,000 $112,000
2024 $2,138 $140,000 $28,000 $112,000
2023 $2,112 $140,000 $28,000 $112,000
2022 $2,034 $140,000 $28,000 $112,000
2021 $2,693 $204,000 $40,800 $163,200
2020 $2,757 $206,000 $41,200 $164,800
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 $2,210 $95,000 $19,000 $76,000
2014 $2,008 $95,000 $19,000 $76,000
Source: Public Records

Agents Affiliated with this Home

  • Neil McDermott

    Seller's Agent in 2021

    Neil McDermott

    Hilton & Hyland

    (310) 880-2315

    3 in this area

    19 Total Sales

    Neil McDermott
    Section Image
  • Alexandra Newman

    Buyer's Agent in 2021

    Alexandra Newman

    Compass

    (661) 733-4444

    1 in this area

    137 Total Sales

    Alexandra Newman
    Section Image

  • R

    Buyer Co-Listing Agent in 2021

    Rouanne Garcia

    Compass

    (323) 285-3405

    2 in this area

    27 Total Sales

    Rouanne Garcia
    Section Image
See All Agents

About Rowan Lofts

Map

Source: The MLS

MLS Number: 21-689210

The MLS

APN: 5149-023-124

California Los Angeles County Los Angeles 90013 Downtown LA

460 S Spring St Unit 709, Los Angeles, CA

Not Listed for Sale

Condos

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