$510,000
SOLD SEP 13, 2024
1 Bed
1 Bath
710 Sq Ft
$696/mo HOA Fee

Recently Sold

$718 Per Sq Ft

7% Below List Price

149 Days on Market

Highlights

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

About This Home

As of September 2024

Stunning corner loft at the Rowan Building, a historic Mills Act property. This beautiful, charming loft gets tons of natural light from the many massive windows all around. This unique loft boasts the best views overlooking both the skyline beyond Spring Street to the west, and the Spring Street Park to the north! There are 10-foot ceilings, hardwood floors, exposed brick walls, separate bedroom, and designer Scavolini kitchen with stainless steel appliances. The living and kitchen areas are open plan, making it ideal for effortless entertaining. The spacious bedroom has a large closet and the bathroom features a deep soaking tub and shower, and rare massive window that lets in natural light. There is central heat and AC, and Bosch Washer/Dryer. To top it off, the unit benefits from the Mills Act status, offering homeowners up to 70% off annual property taxes! Situated in the Historic Core, The Rowan features excellent amenities, including a 24-hour front desk and reception, beautifully restored lobby, WIFI enabled resident lounge and event space, hot and cold plunge pools, outdoor BBQ and dining area, dog run, on-site dry-cleaning service, and rentable basement storage. Monthly rentable parking is available in the adjacent Old Bank District Garage behind the Rowan. Enjoy everything within a few short blocks to the best of DTLA, such as the Grand Central Market, Spring Street Park, Metro, newly purchased Trust Building by UCLA across the street, Gallery Row, Little Tokyo, The Broad, Whole Foods, Spring Arcade, Fashion District, and tons of shops and eateries.

Last Agent to Sell the Property

Yuri Huxley

Coldwell Banker Realty License #01917264 Listed on: 03/25/2024

Coldwell Banker Realty

Last Buyer's Agent

Takeshi Kida

Takeshi Kida License #02096893

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,851

Year Built

  • Built in 1912

Lot Details

  • North Facing Home
  • Gated Home
  • Corners Of The Lot Have Been Marked

HOA Fees

  • $696 Monthly HOA Fees

Property Views

  • Skyline
  • Park or Greenbelt

Interior Spaces

  • 710 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Brick Wall or Ceiling
  • High Ceiling
  • Custom Window Coverings
  • Dining Area

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Pool

  • In Ground Pool
  • Spa

Additional Features

  • City Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5149-023-148

Community Details

Overview

  • Association fees include trash, water and sewer paid, water, sewer, security, gas
  • 206 Units

Amenities

  • Doorman
  • Community Barbecue Grill
  • Lounge
  • Lobby
  • Reception Area
  • Community Storage Space

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,851

Year Built

Built in 1912

Lot Details

0

HOA Fees

$696 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Rowan Lofts HOA
  • Entry Floor: 8
  • Entry Location: Main Level
  • Living Area: 710
  • Lot Acreage: 0.7070
  • Planned Urban Dev: 0
  • Unit Floor In Building: 8
  • Year Built: 1912
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Brick Walls
  • Flooring: Hardwood, Stone Tile
  • Appliances: Microwave, Oven, Cooktop - Gas
  • Bedrooms: 1
  • Fireplaces: 0
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Over Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Kitchen Features: Granite Counters
  • Laundry: In Unit, Inside, In Closet
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven, Garbage Disposal, Washer, Refrigerator, Microwave, Stackable W/D Hookup, Dryer
  • Fireplace: No
  • Price Per S Q F T: 746.48
  • Windows: Custom Window Covering

Exterior Features

  • Balcony: None
  • Direction Faces: North
  • Other Features: High Ceilings (9 Feet+)
  • Exposure: North West
  • Pool Description: Association Pool
  • Pool: Yes
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: City Lights, City, Park, Skyline
  • View: Yes

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Carbon Monoxide Detector(s), Card/Code Access, Community, Gated, Gated Community with Guard

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Assoc Barbecue, Assoc Pet Rules, Controlled Access, Gated Community, Gated Community Guard, Extra Storage, Pool
  • Pet Rules: Assoc Pet Rules, Pets Permitted, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Monthly
  • Association Fees Include: Trash, Water and Sewer Paid, Water, Sewer, Security, Gas
  • High Rise: Controlled Access, Entrance Lobby, Door Person, Lounge, Reception Desk, On-Site Guard
  • HOA Fees: 696.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5149-023-148
  • Lot Description: Corners Established, Gated Community
  • Lot Location: Corner Lot, City
  • Lot Size Area: 30796

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units: 206

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2024
Closed on
Aug 26, 2024
Sold by
Justin J Burke 2007 Revocable Trust and Peter D Burke 2007 Revocable Trust
Bought by
Kagawa Rika and Kagawa Hisahiko
Seller's Agent
Yuri Huxley
Coldwell Banker Realty
Buyer's Agent
Takeshi Kida
Takeshi Kida
List Price
$550,000
Sold Price
$510,000
Premium/Discount to List
-$40,000
-7.27%
Total Days on Market
149
Views
52
Current Estimated Value
$505,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,627
Avg. Annual Appreciation
-2.19%

Purchase Details

Closed on
Mar 10, 2011
Sold by
Msgg Rowan Realty Partners L L C
Bought by
Burke Justin J and The Justin J Burke 2007 Revoca
Source: Public Records

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Range of Values:

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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 $510,000 Fidelity National Title
Grant Deed $350,000 First American Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2024 09/13/24 Sold $510,000 -3.8% $718 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
07/08/2024 07/08/24 Price Changed $530,000 -3.6% $746 / Sq Ft
03/25/2024 03/25/24 For Sale $550,000 0.0% $775 / Sq Ft
05/05/2021 05/05/21 Rented $1,975 0.0% --
05/04/2021 05/04/21 For Rent $1,975 -14.1% --
02/14/2020 02/14/20 Rented $2,300 0.0% --
02/08/2020 02/08/20 Under Contract -- -- --
02/03/2020 02/03/20 Price Changed $2,300 -1.1% $3 / Sq Ft
01/31/2020 01/31/20 Price Changed $2,325 -1.1% $3 / Sq Ft
01/21/2020 01/21/20 For Rent $2,350 0.0% --
07/02/2017 07/02/17 Rented $2,350 0.0% --
06/16/2017 06/16/17 Under Contract -- -- --
05/13/2017 05/13/17 For Rent $2,350 -- --
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
2024 $1,851 $121,000 $24,200 $96,800
2023 $1,830 $121,000 $24,200 $96,800
2022 $1,762 $121,000 $24,200 $96,800
2021 $2,399 $176,000 $35,200 $140,800
2019 $2,506 $178,000 $35,600 $142,400
2018 $2,430 $178,000 $35,600 $142,400
2016 $1,221 $82,000 $16,400 $65,600
2015 $1,212 $82,000 $16,400 $65,600
2014 $1,806 $82,000 $16,400 $65,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-372451

The MLS

APN: 5149-023-148