$505,000
SOLD JUN 18, 2024
1 Bed
1 Bath
910 Sq Ft
$890/mo HOA Fee

Recently Sold

$555 Per Sq Ft

7% Below List Price

82 Days on Market

Highlights

  • Concierge
  • 24-Hour Security
  • Automatic Gate
  • Fitness Center
  • In Ground Pool
  • 2-minute walk to Grand Hope Park

About This Home

As of June 2024

Sunlight streams through the expansive floor-to-ceiling glass windows of this meticulously maintained, spacious one-bedroom loft nestled in the heart of South Park. Situated within Market Lofts, this unit boasts one of the largest one-bedroom layouts and features an appealing floor plan. As you step inside, engineered hardwood floors guide you down a lengthy, freshly painted entry hall, leading to an alcove bedroom with a generously sized walk-in closet on your right. The well-appointed chef's kitchen showcases stainless-steel appliances, including new state-of-the-art oven and new gas cooktop, and offers ample cabinet storage. This unit also features newly installed window treatments. The living room is both functional and beautiful, providing a space for work or relaxation. Step out onto the balcony to enjoy fresh air and sunshine while overlooking the pool area. Market Lofts also offer amenities such as a BBQ grilling station, resident's lounge with a full kitchen and billiards table, screening room, fitness center, package storage lockers, and massive loading dock. For added peace of mind, there's onsite management and 24-hour security. The location is unbeatable, situated above Ralph's and just blocks away from Whole Foods, Target, The Bloc, Macy's, FIGat7th, FIDM, LA Live, Crypto.com Arena, Mastro's, Capital Grille, trendy Proper and Hoxton Hotels and so much more!

Last Agent to Sell the Property

Nina Moon

Epique Realty License #01815437 Listed on: 03/14/2024

Last Buyer's Agent

Angela von Detten

Compass License #01913656

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,648

Year Built

  • Built in 2006

HOA Fees

  • $890 Monthly HOA Fees

Interior Spaces

  • 910 Sq Ft Home
  • Built-In Features
  • Loft
  • Engineered Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Driveway
  • Automatic Gate
  • Controlled Entrance

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Balcony
  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5144-027-132

Community Details

Overview

  • 267 Units
  • Low-Rise Condominium
  • 7-Story Property

Amenities

  • Concierge
  • Outdoor Cooking Area
  • Sundeck
  • Community Barbecue Grill
  • Trash Chute
  • Clubhouse
  • Elevator
  • Lobby
  • Reception Area
  • Community Mailbox

Recreation

  • Fitness Center
  • Community Spa

Pet Policy

  • Pets Allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,648

Year Built

Built in 2006

Lot Details

0

HOA Fees

$890 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Low Rise
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Market Lofts
  • Entry Floor: 4
  • Living Area: 910
  • Lot Acreage: 1.7158
  • Planned Urban Dev: 0
  • Stories: 7
  • Unit Floor In Building: 4
  • Year Built: 2006
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Number Of Remote Controls: 1
  • Flooring: Engineered Hardwood
  • Appliances: Built-In Gas, Built-Ins, Cooktop - Gas, Gas, Microwave, Oven-Gas
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Tile, Shower Over Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Area, Kitchen Island
  • Laundry: In Closet, In Unit, Laundry Closet Stacked
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Washer, Refrigerator, Microwave, Freezer, Range/Oven
  • Price Per S Q F T: 560.44

Exterior Features

  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Pool Description: Association Pool, Community
  • Pool: Yes
  • Spa: Association Spa, Community
  • Spa Yn: Yes
  • View: Pool
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Garage - 1 Car, Gated, Controlled Entrance, Community Garage, Driveway - Concrete, Parking Space
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Carbon Monoxide Detector(s), Card/Code Access, Community, Fire and Smoke Detection System, Fire Sprinklers, Smoke Detector, Guarded, Automatic Gate, Gated, Resident Manager

Association/Amenities

  • Community Features: Community Mailbox
  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Clubhouse, Controlled Access, Elevator, Exercise Room, Hot Water, Outdoor Cooking Area, Pool, Security, Spa, Sun Deck
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • High Rise: 24-Hour Concierge, Controlled Access, Entrance Lobby, On-Site Guard, Reception Desk, Sun Deck, Trash Chute
  • HOA Fees: 890.31
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5144-027-132
  • Lot Size Area: 74742

Multi Family

  • Number Of Units: 267

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Jun 11, 2024
Sold by
Dyer Chauncey Todd
Bought by
Ying Guey Wong And Yuling Cua Wong Revocable and Wong
Seller's Agent
Nina Moon
Epique Realty
Buyer's Agent
Angela von Detten
Compass
List Price
$545,000
Sold Price
$505,000
Premium/Discount to List
-$40,000
-7.34%
Total Days on Market
82
Views
43
Current Estimated Value
$515,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,307
Avg. Annual Appreciation
2.13%

Purchase Details

Listed on
Oct 17, 2023
Closed on
Oct 31, 2023
Sold by
Baclayon Alvin Allan and Baclayon Natalie N
Bought by
Dyer Chauncey Todd
Seller's Agent
Jeanette Hamming
PLG Estates
Buyer's Agent
Jiahui Weng
Real Brokerage Technologies, Inc.
List Price
$535,000
Sold Price
$535,000
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.89%

Purchase Details

Listed on
Dec 23, 2020
Closed on
Jan 28, 2021
Sold by
Baclayon Alvin Allan
Bought by
Baclayon Alvin Allan and Shih Natalie N
Seller's Agent
Jeanette Hamming
PLG Estates
Buyer's Agent
Jeanette Hamming
PLG Estates
Sold Price
$2,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2009
Sold by
9Th Street Market Lofts Llc
Bought by
Baclayon Alvin Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,200
Interest Rate
4.91%
Mortgage Type
New Conventional
Source: Public Records

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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 $505,000 California Best Title Company
Grant Deed $535,000 First American Title
Interfamily Deed Transfer -- American Coast Title
Grant Deed $359,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 New Conventional
Previous Owner $277,000 New Conventional
Previous Owner $287,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $505,000 -1.0% $555 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/28/2024 05/28/24 Price Changed $510,000 -4.7% $560 / Sq Ft
05/02/2024 05/02/24 Price Changed $535,000 -1.8% $588 / Sq Ft
04/26/2024 04/26/24 For Sale $545,000 0.0% $599 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $545,000 +7.9% $599 / Sq Ft
03/21/2024 03/21/24 Off Market $505,000 -- --
03/14/2024 03/14/24 For Sale $545,000 +1.9% $599 / Sq Ft
11/06/2023 11/06/23 Sold $535,000 0.0% $588 / Sq Ft
10/23/2023 10/23/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $535,000 0.0% $588 / Sq Ft
09/25/2022 09/25/22 Rented $2,700 0.0% --
09/10/2022 09/10/22 For Rent $2,700 +22.7% --
02/12/2021 02/12/21 Rented $2,200 -2.2% --
01/20/2021 01/20/21 Price Changed $2,250 -2.2% $2 / Sq Ft
12/23/2020 12/23/20 For Rent $2,300 -6.1% --
12/28/2017 12/28/17 Rented $2,450 -2.0% --
12/01/2017 12/01/17 For Rent $2,500 +2.0% --
06/16/2015 06/16/15 Rented $2,450 0.0% --
06/16/2015 06/16/15 Under Contract -- -- --
04/28/2015 04/28/15 For Rent $2,450 -- --
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 $6,648 $535,000 $200,000 $335,000
2023 $5,569 $445,397 $310,167 $135,230
2022 $5,311 $436,665 $304,086 $132,579
2021 $5,238 $428,104 $298,124 $129,980
2020 $5,287 $423,716 $295,068 $128,648
2019 $5,080 $415,409 $289,283 $126,126
2018 $5,070 $407,264 $283,611 $123,653
2016 $4,844 $391,451 $272,599 $118,852
2015 $4,769 $385,572 $268,505 $117,067
2014 $4,791 $378,020 $263,246 $114,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-362421

The MLS

APN: 5144-027-132