$575,000
SOLD JUL 1, 2016
-- Bed
1 Bath
800 Sq Ft
1.72 Acres

Recently Sold

$719 Per Sq Ft

4% Below List Price

47 Days on Market

Highlights

  • Fitness Center
  • Heated Lap Pool
  • City View
  • 24-Hour Security
  • Gated Parking
  • 2-minute walk to Grand Hope Park

About This Home

As of July 2016

Centrally located in South Park's NE corner near the Financial and Fashion Districts, the sought-after Market Lofts are as close to LA Live and the Staples Center as they are to the Bloc, the 7th Street Metro Station, the Orpheum Theater and the Ace Hotel - all just a few blocks away. And talk about convenient grocery shopping, Ralph's Fresh Fare Market is on the ground floor and Whole Foods is within a two-block walk. The unit is on the top floor with higher ceilings, two balconies, roof-top views, lots of light, a nicely-finished kitchen and bathroom, a large walk-in closet, inside laundry, and a wonderfully open loft-style floor plan. The complex offers a beautiful pool and hot tub area, a community room, a DVD screening room with its own kitchen, a fitness center, 24/7 security, on-site management, and gated covered parking with direct access to the building.

Last Agent to Sell the Property

Marty Walker

eXp Realty of California Inc License #01169890 Listed on: 04/23/2016

eXp Realty of California Inc

Last Buyer's Agent

Beata Mandell

The Executive Realty Group License #01392993

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,051

Year Built

  • Built in 2006

Property Views

  • Courtyard

Home Design

  • Contemporary Architecture
  • Entry on the 7th floor

Interior Spaces

  • 800 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Security Lights

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Gated Parking
  • Controlled Entrance

Pool

  • Heated Lap Pool
  • Heated In Ground Pool

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5144-028-088

Community Details

Overview

  • 267 Units
  • 7-Story Property

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Billiard Room
  • Elevator

Recreation

  • Fitness Center
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,051

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: Market Lofts
  • Entry Floor: 7
  • Living Area: 800
  • Planned Urban Dev: 0
  • Stories: 7
  • Unit Floor In Building: 7
  • Year Built: 2006
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Stone, Wood
  • 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 Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Elevator, Garbage Disposal, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Washer, Water Line to Refrigerator
  • Price Per S Q F T: 737.38

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Association Pool, Heated And Filtered, In Ground, Lap Pool
  • Pool: Yes
  • View: City, Courtyard
  • View: Yes

Garage/Parking

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

Utilities

  • Cooling: Ceiling Fan, Central
  • Heating: Central
  • Security: 24 Hour, Card/Code Access, Exterior Security Lights

Association/Amenities

  • Amenities: Assoc Barbecue, Billiard Room, Clubhouse, Controlled Access, Elevator, Exercise Room, Fitness Center, Gated Parking, Hot Water, Onsite Property Management, Pool, Spa
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fees: 509.00

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5144-028-088
  • 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
Apr 23, 2016
Closed on
Jun 13, 2016
Sold by
Wilson Luann J
Bought by
Chiang Cindy
Seller's Agent
Marty Walker
eXp Realty of California Inc
Buyer's Agent
Beata Mandell
The Executive Realty Group
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%
Current Estimated Value
$520,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$54,278
Avg. Annual Appreciation
-1.07%

Purchase Details

Closed on
Apr 11, 2016
Sold by
Morrison Nancy G
Bought by
Wilson Luann J

Purchase Details

Closed on
Oct 8, 2007
Sold by
Wilson Gary D
Bought by
Wilson Luann J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
6.42%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 29, 2007
Sold by
9Th Street Market Lofts Llc
Bought by
Morrison Nancy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
5.75%
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 $575,000 Wfg National Title Co Of Ca
Interfamily Deed Transfer -- Wfg National Title
Interfamily Deed Transfer -- First American Title Co
Grant Deed $520,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $78,000 Stand Alone Second
Previous Owner $416,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2023 05/28/23 Rented $2,400 -2.0% --
05/11/2023 05/11/23 Off Market $2,450 -- --
03/23/2023 03/23/23 Price Changed $2,450 0.0% $3 / Sq Ft
03/23/2023 03/23/23 For Rent $2,450 -7.5% --
03/22/2023 03/22/23 Off Market $2,650 -- --
02/23/2023 02/23/23 For Rent $2,650 0.0% --
02/22/2023 02/22/23 Off Market $2,650 -- --
01/09/2023 01/09/23 For Rent $2,650 0.0% --
07/01/2016 07/01/16 Sold $575,000 -2.5% $719 / Sq Ft
05/31/2016 05/31/16 Price Changed $589,900 -1.5% $737 / Sq Ft
04/23/2016 04/23/16 For Sale $599,000 -- $749 / 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 $8,051 $667,327 $200,776 $466,551
2024 $8,051 $654,243 $196,840 $457,403
2023 $7,894 $641,416 $192,981 $448,435
2022 $7,525 $628,841 $189,198 $439,643
2021 $7,429 $616,512 $185,489 $431,023
2019 $7,204 $598,229 $179,989 $418,240
2018 $7,191 $586,500 $176,460 $410,040
2016 $6,666 $546,000 $165,000 $381,000
2015 $5,875 $480,000 $145,000 $335,000
2014 $4,674 $370,000 $112,000 $258,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-118586

The MLS

APN: 5144-028-088