NOT LISTED FOR SALE

Estimated Value: $915,000 - $983,000

2 Beds
2.5 Baths
1,230 Sq Ft
$706/mo HOA Fee

Last Sold December 15, 2023

Last sale price $900,000 $732 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,830/month

11 Days on Market

Highlights

  • Gated Parking
  • Wood Flooring
  • Living Room
  • City Lights View
  • Modern Architecture
  • Open Patio

About This Home

As of December 2023

An opportunity to own a loft at one of LA's most iconic locations, The Lofts at Cherokee Studios. AIA-honored sustainable design by the acclaimed architects Pugh+Scarpa. Two-level top floor loft style unit with main living areas on one level and bedroom spaces downstairs. Kitchen with stainless appliances, Caesarstone countertops and custom cabinetry. Dining area, living area, powder room and spacious patio with far reaching east facing views make up first level. The bi-fold architectural screens on the patio close for privacy. Downstairs is a large primary suite with built-in closets and ensuite bathroom. On that same level you'll find an additional bedroom that could easily be a work room/office, with additional bathroom. Indoor laundry. This unit has two tandem parking spots with a dedicated Level 2 EV charging station. The building has a new Latch Keyless Entry System which allows guests and deliveries to be buzzed in from a smartphone. Green living-roof deck offers an outdoor retreat with native drought-resistant landscaping and unobstructed 360-degree views of the city day and night including the Hollywood Hills, the Hollywood Sign, Griffith Observatory and DTLA. This building location has historical significance, having been built to replace the recording studio where Elvis, Hendrix, Sinatra and Bowie all recorded albums. The eco-friendly building with extensive solar panels was also recognized with the prestigious LEED Platinum award. Conveniently located near Whole Foods, Melrose shops and restaurants, The Grove, and West Hollywood.

Last Agent to Sell the Property

Carrie Berkman Lewis

Douglas Elliman License #01400262 Listed on: 11/03/2023

Douglas Elliman

Co-Listed By

Scott Segall

Engel & Völkers Beverly Hills License #01179028

Last Buyer's Agent

Ryan Tan

Circa Properties, Inc. License #02008954

Circa Properties, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,874

Year Built

  • Built in 2010

Lot Details

  • East Facing Home
  • Gated Home

HOA Fees

  • $706 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Gated Parking
  • Parking Garage Space

Home Design

  • Modern Architecture

Interior Spaces

  • 1,230 Sq Ft Home
  • 4-Story Property
  • Living Room
  • Dining Area
  • City Lights Views

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Powder Room

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5527-012-044

Community Details

Overview

  • 12 Units

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,874

Year Built

Built in 2010

Lot Details

0

HOA Fees

$706 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Levels: Two
  • Street Number Display: Yes
  • Complex Name: The Lofts at Cherokee Studios
  • Entry Floor: 4
  • Living Area: 1230
  • Lot Acreage: 0.2279
  • Planned Urban Dev: 0
  • Stories: 4
  • Unit Floor In Building: 4
  • Year Built: 2010
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dryer, Dishwasher, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 730.89

Exterior Features

  • Direction Faces: East
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City Lights, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Community Garage, Gated
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Association/Amenities

  • Amenities: Gated Parking
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 706.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5527-012-044
  • Lot Size Area: 9928

Multi Family

  • Number Of Units: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2023
Closed on
Dec 4, 2023
Sold by
Chubb Family Trust
Bought by
Bower Alexander Thomas
Seller's Agent
Carrie Berkman Lewis
Douglas Elliman
Buyer's Agent
Ryan Tan
Circa Properties, Inc.
List Price
$899,000
Sold Price
$900,000
Premium/Discount to List
$1,000
0.11%
Views
495
Current Estimated Value
$952,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,897
Avg. Annual Appreciation
3.83%
Original Mortgage
$855,000
Outstanding Balance
$842,867
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$114,734

Purchase Details

Closed on
Nov 3, 2011
Sold by
Cherokee Lofts Llc
Bought by
Chubb Lee Caldecot and Chubb Isabella B
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
Bower Alexander Thomas $900,000 Lawyers Title Company
Chubb Lee Caldecot $557,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bower Alexander Thomas $855,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Sold $900,000 +0.1% $732 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
11/03/2023 11/03/23 For Sale $899,000 -- $731 / 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 $10,874 $918,000 $326,400 $591,600
2024 $10,874 $900,000 $320,000 $580,000
2023 $8,230 $672,446 $241,452 $430,994
2022 $7,847 $659,262 $236,718 $422,544
2021 $7,747 $646,336 $232,077 $414,259
2019 $7,514 $627,168 $225,195 $401,973
2018 $7,489 $614,872 $220,780 $394,092
2017 $7,410 $602,816 $216,451 $386,365
2016 $7,243 $590,997 $212,207 $378,790
2015 $7,138 $582,121 $209,020 $373,101
2014 $7,174 $570,719 $204,926 $365,793
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-327907

The MLS

APN: 5527-012-044