NOT LISTED FOR SALE

Estimated Value: $390,000 - $447,000

1 Bed
1 Bath
697 Sq Ft
$725/mo HOA Fee

Last Sold April 28, 2023

Last sale price $385,000 $552 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,461/month

34 Days on Market

Highlights

  • Concierge
  • 24-Hour Security
  • 1.72 Acre Lot
  • Fitness Center
  • City Lights View
  • 2-minute walk to Grand Hope Park

About This Home

As of April 2023

PRICED COMPETITIVELY to encourage multiple offers! Market loft is an upscale mixed-used loft-style condominium located in the heart of downtown Los Angeles. Unit 329 features a BRAND NEW laminated wood floors and interior paint on its functional floorplan with exposed concrete walls, a walk-in closet, an in-unit washer and dryer, and a patio overlooking the Grand Hope Park. State-of-the-art amenities include a heated pool, spa, barbeque grilling area, Amazon locker, fitness center, rec room with a pool table, theater, and a 24/7 security and concierge desk. Water and trash are covered by HOA. Perfectly located near Ralphs, Wholefoods, Starbucks, Philz Coffee, Petco, Macy's, LA Live, Crypto Arena, FIDM, Grammy Museum, 7th Street Metro Station, and many tasty restaurants. Come and see this unit before it is sold!

Last Agent to Sell the Property

Matthew Shinn

Shinn Real Estate Group License #01755855 Listed on: 03/02/2023

Last Buyer's Agent

Jed-Albert Mamaril

Christie's Int. R.E SoCal License #02057195

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,873

Year Built

  • Built in 2006

Lot Details

  • 1.72

HOA Fees

  • $725 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Assigned Parking

Property Views

  • City Lights
  • Park or Greenbelt
  • Neighborhood

Home Design

  • 697 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Two or More Common Walls
  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 53965
  • $151 per year additional tax assessments

Community Details

Overview

  • 273 Units
  • Market Loft Association, Phone Number (310) 730-1988

Amenities

  • Concierge
  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse
  • Billiard Room

Recreation

  • Fitness Center
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,873

Year Built

Built in 2006

Lot Details

0

HOA Fees

$725 per month

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Security: 24 Hour Security
  • View: Yes
  • Zoning: LAC2
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 697.00 Square Feet
  • Common Walls: 2+ Common Walls
  • 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: 552.37
  • Room Type: All Bedrooms Down

Exterior Features

  • View: City Lights, Neighborhood, Park/Greenbelt
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • 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, Outdoor Cooking Area, Gym/Ex Room, Clubhouse, Billiard Room, Concierge, Trash, Water, Pets Permitted, Security, Controlled Access
  • Association Fee: 725.00
  • Association Fee Frequency: Monthly
  • Association Name: Market Loft
  • Phone: 310-730-1988
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Street Lights, Urban
  • Association Management: Market Loft

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 74720.00
  • Lot Size Acres: 1.7153

Multi Family

  • Lease Considered: No
  • Lot Size Area: 74720.0000 Square Feet
  • Number Of Units In Community: 273
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2077.11
  • Tax Lot: 2
  • Tax Tract Number: 53965
  • TaxOtherAnnualAssessmentAmount: 151.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Apr 24, 2023
Sold by
Burnett Theodore and Burnett Denise
Bought by
Cononico Christian Taylor and Ramirez Richard Jerome
Seller's Agent
Matthew Shinn
Shinn Real Estate Group
Buyer's Agent
Jed-Albert Mamaril
Christie's Int. R.E SoCal
List Price
$398,000
Sold Price
$385,000
Premium/Discount to List
-$13,000
-3.27%
Views
222
Current Estimated Value
$421,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,572
Avg. Annual Appreciation
3.29%
Original Mortgage
$308,000
Outstanding Balance
$299,758
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$116,041

Purchase Details

Closed on
May 16, 2007
Sold by
9Th Street Market Lofts Llc
Bought by
Burnett Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,800
Interest Rate
6.4%
Mortgage Type
New Conventional
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
Cononico Christian Taylor $385,000 Lawyers Title
Burnett Theodore $426,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cononico Christian Taylor $308,000
Previous Owner Burnett Theodore $311,000
Previous Owner Burnett Theodore $340,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $385,000 -3.3% $552 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $398,000 0.0% $571 / Sq Ft
05/12/2019 05/12/19 Rented $2,000 -9.5% --
05/11/2019 05/11/19 Under Contract -- -- --
05/08/2019 05/08/19 Price Changed $2,210 -0.2% $4 / Sq Ft
05/07/2019 05/07/19 Price Changed $2,215 -0.2% $4 / Sq Ft
05/03/2019 05/03/19 Price Changed $2,220 -0.2% $4 / Sq Ft
05/02/2019 05/02/19 Price Changed $2,225 -0.2% $4 / Sq Ft
05/01/2019 05/01/19 Price Changed $2,230 -0.2% $4 / Sq Ft
04/30/2019 04/30/19 Price Changed $2,235 -0.2% $4 / Sq Ft
04/29/2019 04/29/19 Price Changed $2,240 -0.2% $4 / Sq Ft
04/28/2019 04/28/19 Price Changed $2,245 -0.2% $4 / Sq Ft
04/10/2019 04/10/19 Price Changed $2,250 -10.0% $4 / Sq Ft
02/21/2019 02/21/19 For Rent $2,500 +25.0% --
07/06/2014 07/06/14 Rented $2,000 0.0% --
07/02/2014 07/02/14 Under Contract -- -- --
06/27/2014 06/27/14 For Rent $2,000 -- --
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 $5,873 $452,574 $135,252 $317,322
2024 $5,873 $443,700 $132,600 $311,100
2023 $6,066 $492,000 $149,000 $343,000
2022 $5,744 $479,000 $145,000 $334,000
2021 $5,780 $479,000 $145,000 $334,000
2019 $5,619 $466,000 $141,000 $325,000
2018 $5,718 $466,000 $141,000 $325,000
2016 $5,124 $419,000 $126,000 $293,000
2015 $5,025 $411,000 $124,000 $287,000
2014 $4,184 $332,000 $99,800 $232,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23035316

California Regional Multiple Listing Service (CRMLS)

APN: 5144-027-079