$599,988
$25K PRICE DROP

Estimated payment $4,891/month

Total Views 260,978
2 Beds
2 Baths
1,030 Sq Ft
$583 Price per Sq Ft

Highlights

  • Fitness Center
  • Spa
  • Open Floorplan
  • 24-Hour Security
  • 1.72 Acre Lot
  • 2-minute walk to Grand Hope Park

About This Home

IDEAL FOR THE 2026 WORLD CUP AND THE 2028 SUMMER OLYMPICS! Welcome to Market Lofts, a modern mid-rise condominium nestled in the heart of Downtown LA. This upscale 2-bedroom, 2-bathroom unit boasts wood flooring throughout and beautifully tiled bathrooms. Each spacious bedroom offers the luxury of a walk-in closet and a private bathroom, ensuring comfort and privacy. Upon entering, you'll be greeted by a generously sized foyer with laundry closet that leads to an inviting living and dining area, complemented by a modern kitchen featuring a convenient peninsula for casual dining. Market Lofts ensures a secure environment with 24-hour entry security and concierge services, elevating your living experience. Indulge in the array of exclusive amenities including a sparkling pool, a chic clubhouse with a fully-equipped kitchen, a state-of-the-art fitness center for wellness enthusiasts, a sophisticated billiard room, picturesque BBQ areas, and a private theater room for entertainment. The prime location offers unparalleled convenience, granting easy access to esteemed retailers such as Ralphs, Whole Foods, Target, Starbucks, plus so much more including seamless connectivity to public transportation networks. Whether it's for work or leisure, Market Lofts offers an ideal blend of convenience and luxury—an opportunity not to be missed!

Last Listed By

Cindy Ruiz

RE/MAX Galaxy Brokerage Phone: 909-973-9677 License #01752105 Listed on: 03/24/2025

RE/MAX Galaxy

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,002

Year Built

  • Built in 2006

Lot Details

  • Two or More Common Walls

HOA Fees

  • $957 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Parking Lot
  • Assigned Parking
  • Community Parking Structure

Home Design

  • Modern Architecture

Interior Spaces

  • 1,030 Sq Ft Home
  • Open Floorplan
  • Living Room
  • Loft
  • Wood Flooring
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Home Security

Outdoor Features

  • Spa
  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 53965
  • Assessor Parcel Number 5144027068
  • $251 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • Master Insurance
  • 267 Units
  • Market Lofts Association, Phone Number (213) 327-0554
  • Maintained Community
  • 7-Story Property

Amenities

  • Community Barbecue Grill
  • Meeting Room
  • Recreation Room

Recreation

  • Fitness Center
  • Community Spa

Pet Policy

  • Pet Restriction

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,002

Year Built

Built in 2006

Lot Details

0

HOA Fees

$957 per month

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: washer/dryer combo, refrigerator, and wall mirror.
  • Property Attached: Yes
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Fire Sprinkler System, Resident Manager, Smoke Detector(s)
  • View: No
  • Zoning: LAC2
  • Architectural Style: Modern
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5144027068
  • Year Built: 2006
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1030.00 Square Feet
  • Interior Amenities: Balcony, Elevator, Granite Counters, Open Floorplan
  • Stories: 7
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 582.51
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Loft, Main Floor Primary Bedroom, Walk-In Closet
  • Spa Features: Association
  • Bathroom Features: Shower In Tub
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Garage, On Site, Parking Space, Private
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Gym/Ex Room, Recreation Room, Meeting Room, Cable TV, Insurance, Maintenance Grounds, Trash, Pet Rules, Management, Security, Controlled Access
  • Association Fee: 957.00
  • Association Fee Frequency: Monthly
  • Association Name: Market Lofts
  • Phone: 213-327-0554
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
  • Association Management: Market Lofts

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 74742.00
  • Lot Size Acres: 1.7158

Multi Family

  • Lease Considered: No
  • Lot Size Area: 74742.0000 Square Feet
  • Number Of Units In Community: 267
  • Number Of Units Total: 267

Tax Info

  • Tax Census Tract: 2077.11
  • Tax Lot: 2
  • Tax Tract Number: 53965
  • TaxOtherAnnualAssessmentAmount: 251.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $9,002 $729,118 $218,912 $510,206
2023 $8,825 $714,822 $214,620 $500,202
2022 $8,412 $700,807 $210,412 $490,395
2021 $8,303 $687,067 $206,287 $480,780
2019 $8,052 $666,690 $200,169 $466,521
2018 $8,038 $653,619 $196,245 $457,374
2016 $7,685 $628,240 $188,626 $439,614
2015 $6,496 $529,000 $142,000 $387,000
2014 $6,563 $522,000 $140,000 $382,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 Price Changed $599,988 -4.0% $583 / Sq Ft
03/24/2025 03/24/25 For Sale $624,800 0.0% $607 / Sq Ft
05/01/2024 05/01/24 Rented $3,200 0.0% --
04/29/2024 04/29/24 Under Contract -- -- --
02/13/2024 02/13/24 Price Changed $3,200 -5.9% $3 / Sq Ft
12/13/2023 12/13/23 For Rent $3,400 +23.6% --
03/21/2018 03/21/18 Rented $2,750 -1.8% --
03/06/2018 03/06/18 For Rent $2,800 +9.8% --
10/23/2014 10/23/14 Rented $2,550 -1.9% --
10/23/2014 10/23/14 Under Contract -- -- --
09/19/2014 09/19/14 For Rent $2,600 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $566,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $452,988 Purchase Money Mortgage
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR25063845

California Regional Multiple Listing Service (CRMLS)

APN: 5144-027-068