$730,000
SOLD JUL 5, 2018
1 Bed
1 Bath
1,050 Sq Ft
$670/mo HOA Fee

Recently Sold

$695 Per Sq Ft

3% Below List Price

16 Days on Market

Highlights

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

About This Home

As of July 2018

This energetic, light filled Market Lofts Penthouse unit offers DTLA living at its finest. The entry, with tall concrete walls leads you to a spacious living room with 14' ceilings and floor-to-ceiling windows to soak in the amazing DTLA views. An open modern kitchen is complete with Caesarstone countertops, stainless-steel appliances, and glass back splash. Excellent for cooking and entertaining. The master bedroom's generous size accommodates an office space with direct views of the heart of DTLA, a roomy bedroom area, large master bathroom and extra-large walk-in closet. Additional features include storage area at the entry way that is well lit and custom shelved up to the ceiling, in unit washer & dryer, and one assigned parking space.Located in one of the most prestigious buildings with 24-hour security, and full array of amenities such as swimming pool and spa, club house, BBQ area, teacher room, gym. Conveniently located close to stores and restaurants.

Last Agent to Sell the Property

Donald Heller

Christie's International Real Estate SoCal License #01198240 Listed on: 05/30/2018

Christie's International Real Estate SoCal

Last Buyer's Agent

Donald Heller

Compass License #01198240

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,836

Year Built

  • Built in 2006

HOA Fees

  • $670 Monthly HOA Fees

Home Design

  • Modern Architecture
  • Fire Rated Drywall

Interior Spaces

  • 1,050 Sq Ft Home

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Parking

  • Gated Parking
  • On-Street Parking

Pool

  • In Ground Pool
  • Spa

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5144-028-057

Community Details

Overview

  • 267 Units
  • 7-Story Property

Amenities

  • Concierge
  • Community Barbecue Grill
  • Elevator

Recreation

  • Fitness Center
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,836

Year Built

Built in 2006

Lot Details

0

HOA Fees

$670 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: Market Lofts Community Association
  • Entry Floor: 7
  • Living Area: 1050
  • Planned Urban Dev: 0
  • Stories: 7
  • Unit Floor In Building: 7
  • Year Built: 2006
  • Number Of Photos: 31
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Tile
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Closet
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 713.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Association Pool
  • Pool: Yes
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Above Street Level, Assigned, Community Garage, Covered Parking

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: 24 Hour, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System, Fire Rated Drywall, Fire Sprinklers

Association/Amenities

  • Amenities: Assoc Barbecue, Concierge, Controlled Access, Elevator, Fitness Center, Gated Parking, Pool, Security, Spa
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 670.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5144-028-057
  • Geocode Override: No
  • Lot Size Area: 74818

Multi Family

  • Number Of Units: 267

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2018
Closed on
Jun 20, 2018
Sold by
Schahmoradi Mariam J
Bought by
Jang Jungmin
Seller's Agent
Donald Heller
Christie's International Real Estate SoCal
Buyer's Agent
Donald Heller
Christie's International Real Estate SoCal
List Price
$749,000
Sold Price
$730,000
Premium/Discount to List
-$19,000
-2.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.42%

Purchase Details

Closed on
May 25, 2007
Sold by
9Th Street Market Lofts Llc
Bought by
Schahmoradi Mariam J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,800
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Grant Deed $730,000 Fidelity National Title
Grant Deed $721,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $86,900 Future Advance Clause Open End Mortgage
Previous Owner $576,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 Price Changed $765,000 -1.5% $729 / Sq Ft
05/08/2025 05/08/25 Price Changed $777,000 -0.4% $740 / Sq Ft
02/10/2025 02/10/25 For Sale $780,000 +6.8% $743 / Sq Ft
07/05/2018 07/05/18 Sold $730,000 -2.5% $695 / Sq Ft
05/30/2018 05/30/18 For Sale $749,000 -- $713 / Sq Ft
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 $9,836 $814,324 $446,205 $368,119
2024 $9,836 $798,357 $437,456 $360,901
2023 $9,643 $782,704 $428,879 $353,825
2022 $9,192 $767,358 $420,470 $346,888
2021 $9,073 $752,313 $412,226 $340,087
2019 $8,799 $730,000 $400,000 $330,000
2018 $8,584 $699,000 $250,000 $449,000
2016 $8,565 $703,000 $251,100 $451,900
2015 $8,314 $682,500 $243,800 $438,700
2014 $4,578 $360,000 $128,600 $231,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-349410

The MLS

APN: 5144-028-057