NOT LISTED FOR SALE

Estimated Value: $674,137 - $899,000

1 Bed
1 Bath
1,640 Sq Ft
0.29 Acres

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Laundry Room
  • City Lights View
  • Community Pool
  • Central Heating and Cooling System

About This Home

As of November 2019

One of the most creative spaces in DTLA. The Mercantile Lofts has seen some of the most creative tenants in all of Los Angeles. This Historical building offers tenants large floor to ceiling windows, in-unit laundry, updated kitchen appliances, and space! There is nothing like it in DTLA. The building is in a great location, and offers a true Downtown Los Angeles living experience. The Mercantile is conveniently located on Main St. and within walking distance to all the hot spots and great restaurants. The Mercantile Lofts is a Live/Work space and makes for a much more affordable option for startups/businesses not wanting the long term headache that comes with commercial leasing in DTLA. Live somewhere original; Live/Work at The Mercantile Lofts.

Last Agent to Rent the Property

ERIC RAYGOZA

SIMPLY REAL ESTATE, INC. License #02085584 Listed on: 10/10/2019

Last Renter's Agent

ERIC RAYGOZA

SIMPLY REAL ESTATE, INC. License #02085584 Listed on: 10/10/2019

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,063

Year Built

  • Built in 1906

Lot Details

  • 0.29

Interior Spaces

  • 1,640 Sq Ft Home
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom | 2 Main Level Bedrooms
  • All Bedrooms Down
  • 1 Full Bathroom

Additional Features

  • Exterior Lighting
  • Two or More Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $3,000
  • 12-Month Minimum Lease Term
  • Available 11/4/19
  • Tax Lot 1
  • Tax Tract Number 61627

Community Details

Overview

  • No Home Owners Association
  • $500 HOA Transfer Fee
  • 36 Units
  • 7-Story Property

Recreation

  • Community Pool

Pet Policy

  • Pet Deposit $500
  • Dogs and Cats Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,063

Year Built

Built in 1906

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2019-11-04
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Pets: 500
  • Deposit Security: 3000
  • Furnished: Unfurnished
  • Pets Allowed: Cats OK, Dogs OK
  • Transfer Fees: 500.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Year Built: 1906
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1640.00 Square Feet
  • Stories: 7
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1.71
  • Room Type: All Bedrooms Down

Exterior Features

  • View: City Lights
  • Pool Features: Association
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Other
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 12848.00
  • Lot Size Acres: 0.2949

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 12848.0000 Square Feet
  • Number Of Units In Community: 36
  • Number Of Units Total: 36

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 61627

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2019 11/02/19 Rented $2,800 0.0% --
10/10/2019 10/10/19 For Rent $2,800 +9.8% --
11/15/2013 11/15/13 Rented $2,550 0.0% --
11/15/2013 11/15/13 Under Contract -- -- --
11/08/2013 11/08/13 For Rent $2,550 -- --
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
2025 $3,063 $189,623 $37,132 $152,491
2024 $3,063 $185,905 $36,404 $149,501
2023 $2,968 $182,261 $35,691 $146,570
2022 $2,801 $178,689 $34,992 $143,697
2021 $2,739 $175,186 $34,306 $140,880
2019 $2,633 $169,992 $33,290 $136,702
2018 $2,601 $166,660 $32,638 $134,022
2016 $2,392 $160,191 $31,372 $128,819
2015 $2,344 $157,786 $30,901 $126,885
2014 $2,358 $154,696 $30,296 $124,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB19258068

California Regional Multiple Listing Service (CRMLS)

APN: 5148-021-023