NOT LISTED FOR SALE

Estimated Value: $421,000 - $608,000

1 Bed
1 Bath
720 Sq Ft
$790/mo HOA Fee

Last Sold March 28, 2023

Last sale price $485,000 $674 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,807/month

23 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • 1.72 Acre Lot
  • Unit is on the top floor
  • City Lights View
  • 2-minute walk to Grand Hope Park

About This Home

As of March 2023

Experience urban luxury at Market Lofts in the heart of downtown Los Angeles. This sleek and stylish loft offers views of the city skyline and is a perfect blend of modern living and industrial charm. With the spacious open floorplan, high ceiling, and large windows, this loft is the epitome of contemporary living. The kitchen boasts stainless steel appliances, upgraded stone countertops and Euro lighting fixtures throughout. There is ample counter space, perfect for entertaining guests. There is a private enclosed bedroom (Rare) along with a huge walk-in closet. Enjoy access to the building's on-site amenities, including a fitness center, pool and spa, recreation center, outdoor BBQ and a luxurious screening room. You will be only 1 block from Whole Foods and a quick jaunt to LA Live, Crypto.com Arena, the LA Convention Center. Driving is optional as the Metro Station is literally 2 blocks away. The Market Lofts location puts you in the center of all that DTLA has to offer from top-rated restaurants and cultural attractions. Don't miss out on this opportunity to live in one of the city's most sought-after neighborhoods. Schedule a viewing today and make Market Lofts your new home today!

Last Agent to Sell the Property

Remo Packer

eXp Realty of California Inc License #01312783 Listed on: 02/01/2023

eXp Realty of California Inc

Last Buyer's Agent

Steve Phu

Steve Phu License #01951087

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,125

Year Built

  • Built in 2006 | Remodeled

Lot Details

  • 1.72

HOA Fees

  • $790 Monthly HOA Fees

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 720 Sq Ft Home
  • Built-In Features
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Controlled Entrance

Pool

  • In Ground Pool
  • Spa
  • Fence Around Pool

Additional Features

  • South Facing Home
  • Unit is on the top floor
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5144-028-074

Community Details

Overview

  • 276 Units
  • Low-Rise Condominium

Amenities

  • Clubhouse
  • Elevator
  • Lobby
  • Reception Area

Recreation

  • Fitness Center
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,125

Year Built

Built in 2006 | Remodeled

Lot Details

0

HOA Fees

$790 per month

Listing Details

  • Property Type: Residential
  • Style: Low Rise
  • Levels: Top Level
  • Street Number Display: Yes
  • Complex Name: Market Lofts
  • Entry Floor: 7
  • Entry Location: Elevator
  • Living Area: 720
  • Lot Acreage: 1.7153
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Year Built: 2006
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Flooring: Mixed
  • Appliances: Cooktop - Gas, Microwave
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Counter / Bar
  • Kitchen Features: Remodeled, Stone Counters
  • Laundry: Laundry Closet Stacked, Inside
  • Total Bathrooms: 1.00
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal
  • Price Per S Q F T: 673.61

Exterior Features

  • Direction Faces: South
  • Exposure: Southern
  • Pool Description: Association Pool, Fenced
  • Pool: Yes
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Community Garage, Controlled Entrance
  • Total Parking: 1

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Card/Code Access
  • Water: Public

Association/Amenities

  • Amenities: Clubhouse, Elevator, Fitness Center, Pool, Spa
  • Pet Rules: Assoc Pet Rules, Pets Permitted, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • High Rise: Entrance Lobby, Reception Desk, Passenger Elevator
  • HOA Fees: 790.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5144-028-074
  • Lot Size Area: 74720

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 276

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Jul 1, 2020
Sold by
Bera Mansukh R and Bera Bharti M
Bought by
Gondek Matthew Ryan
Seller's Agent
Art Avaness
RE/MAX Signature
Buyer's Agent
Marty Walker
eXp Realty of California Inc
List Price
$579,000
Sold Price
$569,000
Premium/Discount to List
-$10,000
-1.73%
Current Estimated Value
$478,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$90,202
Avg. Annual Appreciation
-3.24%
Original Mortgage
$398,300
Outstanding Balance
$353,841
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$124,957

Purchase Details

Closed on
Apr 28, 2016
Sold by
Bera Neil Mansukh
Bought by
Bera Mansukh R and Bera Bharti M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2014
Sold by
Bera Neil M
Bought by
Bera Mansukh R

Purchase Details

Closed on
May 30, 2007
Sold by
9Th Street Market Lofts Llc
Bought by
Bera Neil Mansukh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,000
Interest Rate
6.5%
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
Gondek Matthew Ryan $569,000 First American Title
Bera Mansukh R -- Lawyers Title
Bera Mansukh R -- Accommodation
Bera Neil Mansukh $509,000 First American Title Co
Bera Mansukh R -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gondek Matthew Ryan $398,300
Previous Owner Bera Mansukh R $270,000
Previous Owner Bera Neil Mansukh $309,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2023 03/28/23 Sold $485,000 0.0% $674 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
02/23/2023 02/23/23 Price Changed $485,000 -5.6% $674 / Sq Ft
02/01/2023 02/01/23 For Sale $514,000 -9.7% $714 / Sq Ft
08/03/2020 08/03/20 Sold $569,000 -1.7% $790 / Sq Ft View Prior Sale
07/31/2020 07/31/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $579,000 -- $804 / 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 $6,125 $504,594 $150,858 $353,736
2024 $6,125 $494,700 $147,900 $346,800
2023 $7,205 $591,987 $354,776 $237,211
2022 $6,867 $580,380 $347,820 $232,560
2021 $6,777 $569,000 $341,000 $228,000
2020 $5,989 $485,000 $176,400 $308,600
2019 $6,345 $526,000 $159,000 $367,000
2018 $6,062 $493,000 $149,000 $344,000
2016 $5,798 $474,000 $143,000 $331,000
2015 $5,699 $466,000 $140,100 $325,900
2014 $4,409 $356,000 $107,000 $249,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-237852

The MLS

APN: 5144-028-074