NOT LISTED FOR SALE

Estimated Value: $502,000 - $554,231

1 Bed
1 Bath
812 Sq Ft
$667/mo HOA Fee

Last Sold June 29, 2022

Last sale price $560,000 $690 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,669/month

28 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 June 2022

MILLS ACT TAX SAVINGS. Located on one of the most vibrant streets in downtown, this 1 Bedroom, 1 Bath Loft is approximately 812 square feet. The Rowan has been designated a Mills Act Building which rewards owners with a large property tax savings. This stunning loft is West facing and overlooks the Spring Street Park with great City Views of Spring Street. This Historic Core building was meticulously converted into innovative, urban-style living spaces showcased by the original exposed brick walls, large mahogany trimmed windows, and high ceilings. This loft offers a gourmet kitchen, a separate bedroom area and bath featuring Scavolini cabinetry, Bosch appliances, granite counter tops, TOTO bathroom fixtures and maple flooring. . Shared amenities include 24-hour private security, a residence lounge with kitchenette, a private garden and barbeque area, and outdoor seating with hot and cold spas. Minutes away from Metro-Red Line (Pershing Square) and easy access to Fwy: 110, 10, 101 & 5.

Parking is available at an extra cost.

Last Agent to Sell the Property

David Lakshin

Destiny Group Real Estate Services Inc License #00929485 Listed on: 05/07/2022

Last Buyer's Agent

Stephanie Singletary

Compass License #01726578

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,898

Year Built

  • Built in 1912

Lot Details

  • 0.71

HOA Fees

  • $667 Monthly HOA Fees

Property Views

  • City Lights
  • Park or Greenbelt

Interior Spaces

  • 812 Sq Ft Home
  • Loft

Kitchen

  • Gas Range
  • Dishwasher
  • Granite Countertops
  • Self-Closing Drawers
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Granite Bathroom Countertops
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Location

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

Additional Features

  • In Ground Spa
  • Two or More Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 63018
  • Assessor Parcel Number 5149023135

Community Details

Overview

  • 206 Units
  • Rowan Owners Association, Phone Number (949) 672-9091
  • Seabreeze Management HOA

Amenities

  • Community Barbecue Grill
  • Card Room

Recreation

  • Community Spa

Security

  • 24-Hour Security
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,898

Year Built

Built in 1912

Lot Details

0

HOA Fees

$667 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System, Guarded
  • View: Yes
  • Zoning: LAC4
  • Property Sub Type: Loft
  • Property Type: Residential
  • Parcel Number: 5149023135
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 812.00 Square Feet
  • Interior Amenities: Granite Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 689.66
  • Room Type: Loft
  • Spa Features: Community, In Ground
  • Bathroom Features: Bathtub, Shower In Tub, Granite Counters
  • Room Kitchen Features: Granite Counters, Self-Closing Drawers

Exterior Features

  • View: City Lights, Park/Greenbelt
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Parking: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Spa/Hot Tub, Barbecue, Card Room, Guard, Controlled Access
  • Association Fee: 667.00
  • Association Fee Frequency: Monthly
  • Association Name: Rowan Owners Association
  • Phone: 9496729091
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Urban
  • Association Management: SeaBreeze Management

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Park Nearby
  • 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: 1

Tax Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2022
Closed on
Jun 9, 2022
Sold by
Fair Breeze Company Ltd
Bought by
Althaus Jonathan E
Seller's Agent
David Lakshin
Destiny Group Real Estate Services Inc
Buyer's Agent
Stephanie Singletary
Compass
List Price
$555,000
Sold Price
$560,000
Premium/Discount to List
$5,000
0.9%
Total Days on Market
28
Current Estimated Value
$535,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,192
Avg. Annual Appreciation
-1.85%
Original Mortgage
$500,000
Outstanding Balance
$480,347
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$49,897

Purchase Details

Closed on
Sep 12, 2019
Sold by
Dias
Bought by
Fairb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.56%

Purchase Details

Closed on
Apr 14, 2017
Sold by
Fairb
Bought by
Dias

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.08%
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
Fairb -- --
Dias -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Fairb --
Previous Owner Dias --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $560,000 +0.9% $690 / Sq Ft
05/07/2022 05/07/22 For Sale $555,000 0.0% $683 / Sq Ft
10/14/2021 10/14/21 Rented $2,350 0.0% --
09/09/2021 09/09/21 For Rent $2,350 -2.1% --
08/18/2020 08/18/20 Rented $2,400 +1.3% --
08/09/2020 08/09/20 Under Contract -- -- --
06/08/2020 06/08/20 For Rent $2,370 -5.0% --
03/13/2019 03/13/19 Rented $2,495 -3.9% --
02/20/2019 02/20/19 Price Changed $2,595 +0.2% $3 / Sq Ft
02/20/2019 02/20/19 For Rent $2,590 -- --
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 $1,898 $124,000 $24,800 $99,200
2023 $1,876 $124,000 $24,800 $99,200
2022 $1,806 $124,000 $24,800 $99,200
2021 $2,466 $181,000 $36,200 $144,800
2019 $2,585 $183,000 $36,600 $146,400
2018 $2,497 $183,000 $36,600 $146,400
2016 $1,466 $102,000 $20,400 $81,600
2015 $1,456 $102,000 $20,400 $81,600
2014 $1,860 $102,000 $20,400 $81,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV22094571

California Regional Multiple Listing Service (CRMLS)

APN: 5149-023-135