NOT LISTED FOR SALE

530 W 7th St Unit 507 Los Angeles, CA 90014

Downtown LA Neighborhood

Estimated Value: $70,874,712

-- Bed
1 Bath
758 Sq Ft
0.41 Acres

Highlights

  • Valet Parking
  • 3-minute walk to 7Th Street/Metro Center Station
  • 17,888 Sq Ft lot
  • Fitness Center
  • In Ground Pool
  • Wood Flooring

About This Home

As of August 2018

The Brockman Building helped shape downtown LA a century ago. Today, this striking 12-story Beaux Arts tower is gaining new life as The Brockman Lofts. Located in the Financial District, this historic building is pet-friendly and features penthouses, rooftop amenities and large floor plans. The building's historical architecture lives on through its exposed brick and concrete but is now complemented by premium finishes including marble countertops in select lofts. Residents also enjoy priority seating at Bottega Louie as well as delivery straight to their lofts.

Last Agent to Rent the Property

Gabriel Olguin

Experts of Real Estate License #01407000 Listed on: 06/29/2018

Co-Listed By

Tiffany Gatto

Smart LA Realty License #01822601

Last Renter's Agent

Gabriel Olguin

Experts of Real Estate License #01407000 Listed on: 06/29/2018

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $675,942

Year Built

  • Built in 1917

Lot Details

  • 0.41

Home Design

  • Modern Architecture

Interior Spaces

  • 1 Full Bathroom
  • 758 Sq Ft Home
  • Loft
  • Wood Flooring
  • Alarm System
  • Laundry in unit
  • Property Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Pool

  • In Ground Pool

Utilities

  • Central Heating
  • Phone System
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $500
  • Tenant pays for cable TV, electricity, insurance, trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 5144-012-057

Community Details

Overview

  • High-Rise Condominium

Amenities

  • Valet Parking
  • Community Barbecue Grill
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $400

Security

  • Resident Manager or Management On Site
  • Controlled Access

Condo Details

Home Type

Condominium

Est. Annual Taxes

$675,942

Year Built

Built in 1917

Lot Details

0

Rental Info

  • Pet Deposit: 400.00
  • Security Deposit: 500
  • Tenant Pays: Cable TV, Electricity, Insurance, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Modern
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 758
  • Year Built: 1917
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Flooring: Wood
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Alarm System, Cable, Dishwasher, Garbage Disposal, Hood Fan, Microwave, Phone System, Range/Oven, Refrigerator
  • Price Per S Q F T: 3.91

Exterior Features

  • Tennis Court Y/N: No
  • Pool: Yes
  • View: Yes

Garage/Parking

  • Parking Garage: Valet

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Pet Rules, Controlled Access, Elevator, Exercise Room, Onsite Property Management
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5144-012-057
  • Geocode Override: No
  • Lot Size Area: 17888

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2018
Sold by
Simpson Brockman Lp
Bought by
Trea Sh Brockman Ll
Current Estimated Value
$70,874,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Outstanding Balance
$216,271
Interest Rate
4.8%
Mortgage Type
Commercial
Estimated Equity
$70,457,209

Purchase Details

Closed on
Mar 21, 2012
Sold by
Wickliffe A Corp
Bought by
Simpson Brockman Lp

Purchase Details

Closed on
Jan 3, 2011
Sold by
Brockman Building Lofts Llc
Bought by
Wickliffe
Source: Public Records

Range of Values:

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Average Value
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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
Trea Sh Brockman Ll $49,071,000 Chicago Title Company
Simpson Brockman Lp $38,750,387 Chicago Title Company
Wickliffe $11,000,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trea Sh Brockman Ll $245,000
Previous Owner Simpson Brockman Lp $200,000,000
Previous Owner Brockman Building Lofts Llc $24,000,000
Previous Owner Brockman Building Lofts Llc $15,760
Previous Owner Brockman Building Lofts Llc $4,885,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2018 08/27/18 Rented $2,965 0.0% --
08/13/2018 08/13/18 Price Changed $2,965 +9.6% $4 / Sq Ft
07/27/2018 07/27/18 For Rent $2,705 0.0% --
07/26/2018 07/26/18 Off Market $2,705 -- --
06/29/2018 06/29/18 For Rent $2,705 -- --
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 $675,942 $54,738,516 $14,390,194 $40,348,322
2024 $675,942 $53,665,213 $14,108,034 $39,557,179
2023 $661,890 $52,612,955 $13,831,406 $38,781,549
2022 $630,806 $51,581,329 $13,560,202 $38,021,127
2021 $622,021 $50,569,931 $13,294,316 $37,275,615
2020 $627,566 $50,262,558 $13,158,000 $37,104,558
2019 $603,403 $49,311,022 $12,900,000 $36,411,022
2018 $538,852 $43,041,410 $9,935,160 $33,106,250
2016 $515,335 $41,115,327 $9,549,366 $31,565,961
2015 $507,804 $40,497,737 $9,405,926 $31,091,811
2014 $509,960 $39,704,443 $9,221,677 $30,482,766
Source: Public Records

Agents Affiliated with this Home

  • G

    Landlord's Agent in 2018

    Gabriel Olguin

    Experts of Real Estate

  • Tiffany Gatto

    Landlord's Co-Listing Agent in 2018

    Tiffany Gatto

    Smart LA Realty

    (213) 447-4130

    2 in this area

    8 Total Sales

    Tiffany Gatto
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Map

Source: The MLS

MLS Number: 18-360096

The MLS

APN: 5144-012-057

California Los Angeles County Los Angeles 90014 Downtown LA

530 W 7th St Unit 507, Los Angeles, CA

This home is located at 530 W 7th St Unit 507, Los Angeles, CA 90014 since 29 June 2018 and is currently priced at $70,874,712. This property was built in 1917. 530 W 7th St Unit 507 is a home located in Los Angeles County with nearby schools including Para Los Niños Charter Middle School, John H. Liechty Middle School, and Academic Leadership Community Miguel Contreras Learning Complex.

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