NOT LISTED FOR SALE

Estimated Value: $922,000 - $1,201,000

2 Beds
2.5 Baths
1,232 Sq Ft
$639/mo HOA Fee

Last Sold June 29, 2021

Last sale price $921,000 $748 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,189/month

78 Days on Market

Highlights

  • 24-Hour Security
  • Gourmet Kitchen
  • All Bedrooms Downstairs
  • Unit is on the top floor
  • Primary Bedroom Suite
  • Automatic Gate

About This Home

As of June 2021

Live! Work! Thrive! ... In this renovated TOP-FLOOR 1,232 sq.ft. 2BD/2.5BA loft located in the iconic "Lofts @ Cherokee Studios." Its clean modern aesthetic, open floor plan with high ceilings, and private balcony with retractable metal screens (which can be opened for amazing DTLA skyline views or closed for privacy) make this a rare offering. The loft's living and dining areas gleam with natural light from both ends of the unit. The home's wide-plank wood floors show plenty of grain for that high-design look. The loft's kitchen has stainless steel appliances including a Bertazzoni range, Bosch dishwasher and refrigerator, built-in microwave, and range hood. Expansive, glimmering Caesarstone counters make kitchen prep simple. A Herringbone-patterned tile backsplash accents the space. The residence's master bedroom is en-suite; its master bathroom has a tub/shower combination (with seamless glass enclosure). The loft's guest bedroom (both bedrooms are downstairs from the living areas) could be used as an office, gym, or studio. The guest bathroom includes a step-in shower and floating storage cabinet. Other features: In-unit LG laundry machines, powder room, in-unit storage closet, dedicated tankless "flash" water heater, 2 underground parking spaces (tandem), community roof deck with panoramic views, and secure (gated) entry. LEED Platinum Certified.

Last Agent to Sell the Property

Jeff Yarbrough

Keller Williams Beverly Hills License #01341959 Listed on: 03/11/2021

Keller Williams Beverly Hills

Co-Listed By

Harrison Trachman

Coldwell Banker Realty License #02088162

Last Buyer's Agent

Daniel Banchik

Berkshire Hathaway HomeServices California Properties License #01305623

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,876

Year Built

  • Built in 2010

Lot Details

  • East Facing Home
  • Gated Home
  • Sprinkler System

HOA Fees

  • $639 Monthly HOA Fees

Interior Spaces

  • 1,232 Sq Ft Home
  • 4-Story Property
  • High Ceiling
  • Double Pane Windows
  • Drapes & Rods
  • Blinds
  • Sliding Doors
  • Dining Area
  • Wood Flooring
  • City Lights Views
  • Security System Owned

Kitchen

  • Gourmet Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Walk-In Closet
  • Powder Room
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Subterranean Parking
  • Automatic Gate
  • Guest Parking
  • Controlled Entrance

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Location

  • Unit is on the top floor

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5527-012-045

Community Details

Overview

  • 12 Units
  • Ross Morgan & Co. Association
  • Built by Pugh + Scarpa

Amenities

  • Sundeck
  • Elevator

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,876

Year Built

Built in 2010

Lot Details

0

HOA Fees

$639 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: Top Level, Two
  • Street Number Display: Yes
  • Builder Name: Pugh + Scarpa
  • Complex Name: Lofts @ Cherokee Studios
  • Entry Floor: 4
  • Living Area: 1232
  • Lot Acreage: 0.2279
  • Planned Urban Dev: 0
  • Stories: 4
  • Unit Floor In Building: 4
  • Year Built: 2010
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Wood
  • Appliances: Built-Ins
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: All Bedrooms Down, Master Suite
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Powder Room, Double Vanity(s), Shower and Tub, Shower Stall
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Kitchen Features: Gourmet Kitchen
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 770.29
  • Windows: Double Pane Windows, Drapes/Curtains, Window Blinds

Exterior Features

  • Balcony: EAST
  • Direction Faces: East
  • Other Features: Balcony, High Ceilings (9 Feet+), Sliding Glass Doors, Sprinkler System
  • Exposure: EAST/WEST
  • Patio: Balcony
  • Pool: No
  • Spa Yn: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Controlled Entrance, Gated, Subterr Tandem, Parking for Guests
  • Total Parking: 2

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Earth Quake Ins: 0
  • Heating: Central
  • Security: Card/Code Access, Automatic Gate, Carbon Monoxide Detector(s), Owned, Smoke Detector, Gated
  • Sewer: In Street
  • Water: In Street

Association/Amenities

  • Amenities: Elevator, Controlled Access, Assoc Maintains Landscape, Assoc Pet Rules, Gated Parking, Guest Parking, Security, Sun Deck
  • Pet Rules: Call, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 639.02
  • Management Company: Ross Morgan & Co.
  • Mgmt Co Phone: 8189076622|
  • HOA: No
  • Unit Location: Top-floor

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5527-012-045
  • Lot Size Area: 9925

Multi Family

  • Number Of Units: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2021
Closed on
Jun 7, 2021
Sold by
Phillips David Scott
Bought by
Zucker Robert J
Seller's Agent
Jeff Yarbrough
Keller Williams Beverly Hills
Buyer's Agent
Daniel Banchik
Berkshire Hathaway HomeServices California Properties
List Price
$949,000
Sold Price
$921,000
Premium/Discount to List
-$28,000
-2.95%
Current Estimated Value
$1,020,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,530
Avg. Annual Appreciation
2.51%
Original Mortgage
$407,000
Outstanding Balance
$367,418
Interest Rate
2.43%
Mortgage Type
New Conventional
Estimated Equity
$653,112

Purchase Details

Listed on
Oct 4, 2011
Closed on
Dec 21, 2011
Sold by
Cherokee Lofts Llc
Bought by
Phillips David Scott
Seller's Agent
Lisa Paperno
Compass
Buyer's Agent
Clinton Wade
Clutch Abode, Inc
List Price
$539,000
Sold Price
$521,000
Premium/Discount to List
-$18,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$390,750
Interest Rate
3.91%
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
Zucker Robert J $921,000 Fidelity National Title
Phillips David Scott $521,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zucker Robert J $407,000
Previous Owner Phillips David Scott $390,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2021 06/29/21 Sold $921,000 -3.0% $748 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $949,000 +82.1% $770 / Sq Ft
01/05/2012 01/05/12 Sold $521,000 -3.3% $382 / Sq Ft
12/15/2011 12/15/11 Pending -- -- --
10/04/2011 10/04/11 For Sale $539,000 -- $395 / 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 $11,876 $996,918 $108,242 $888,676
2024 $11,876 $977,371 $106,120 $871,251
2023 $11,647 $958,208 $104,040 $854,168
2022 $11,103 $939,420 $102,000 $837,420
2021 $7,165 $604,563 $241,825 $362,738
2020 $7,238 $598,365 $239,346 $359,019
2019 $6,947 $586,633 $234,653 $351,980
2018 $6,921 $575,131 $230,052 $345,079
2016 $6,699 $552,800 $221,120 $331,680
2015 $6,601 $544,497 $217,799 $326,698
2014 $6,634 $533,832 $213,533 $320,299
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-698552

The MLS

APN: 5527-012-045