NOT LISTED FOR SALE

Estimated Value: $438,588 - $490,000

-- Bed
1 Bath
673 Sq Ft
0.3 Acres

Highlights

  • Concierge
  • City Lights View
  • Loft
  • Fitness Center
  • Wood Flooring
  • Sundeck

About This Home

As of February 2018

*SPACIOUS SOUTH FACING STUDIO LOFT. Actual unit is 6 floors lower than pictured unit.* Built in 1928, Union Lofts was recently converted to residential lofts while preserving the historical exterior Beaux Art details. Featuring hardwood floors, high ceilings, open floor plans and massive windows, these modernized lofts offer tenants the quintessential DTLA lifestyle! Fully equipped w/ stainless steel kitchen appliances & in-unit washer/dryer. Building Amenities: 24 Onsite Valet/Concierge, Rooftop Lounge & Sundeck, Fitness Studio & BBQ plus FREE access to LEVEL Amenities (Pool, Gym, Basketball Court) for initial 6 months of lease ($150/mt thereafter). Conveniently located 2 blocks from Whole Foods, 3 blocks from Ralph's, 4 blocks from 7th Street Metro Center & Macy's Bloc. Close to abundant dining, shopping, and nightlife. Parking is additional fee: $300/mt for onsite valet service, or $150/mt at offsite covered garage 1 block away. *PRICE IS SUBJECT TO CHANGE DAILY.*

Last Agent to Rent the Property

Alexis Alegre

Smart LA Realty License #01970214 Listed on: 02/17/2018

Co-Listed By

Tiffany Gatto

Smart LA Realty License #01822601

Last Renter's Agent

Alexis Alegre

Smart LA Realty License #01970214 Listed on: 02/17/2018

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,188

Year Built

  • Built in 1928

Lot Details

  • 0.3

Parking

  • Off-Site Parking

Interior Spaces

  • 1 Full Bathroom
  • 673 Sq Ft Home
  • Loft
  • City Lights Views

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $515
  • Tenant pays for cable TV, electricity, insurance, trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 5144-014-054

Community Details

Overview

  • High-Rise Condominium
  • 11-Story Property

Amenities

  • Concierge
  • Valet Parking
  • Sundeck
  • Community Barbecue Grill
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $300

Security

  • Resident Manager or Management On Site
  • Controlled Access

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,188

Year Built

Built in 1928

Lot Details

0

Rental Info

  • Credit Report Required: Yes
  • Pet Deposit: 300.00
  • Security Deposit: 515
  • Tenant Pays: Cable TV, Electricity, Insurance, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Style: High or Mid-Rise Condo
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Complex Name: Union Lofts
  • Lease Terms: 1+Year
  • Living Area: 673
  • Stories: 11
  • Year Built: 1928
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Hardwood, Tile
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 3.27

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Offsite, Valet

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Assoc Barbecue, Concierge, Controlled Access, Elevator, Exercise Room, Onsite Property Management, Sun Deck, Valet Parking
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5144-014-054
  • Geocode Override: No
  • Lot Size Area: 12863

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2012
Sold by
Meruelo Maddux Properties 760 S Hill Str
Bought by
Onni Union Lofts Limited Partnership
Current Estimated Value
$456,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000,000
Outstanding Balance
$11,807,576
Interest Rate
3.65%
Mortgage Type
Commercial
Estimated Equity
-$11,332,933
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Onni Union Lofts Limited Partnership $28,750,287 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Onni Union Lofts Limited Partnership $17,000,000
Closed Onni Union Lofts Limited Partnership $17,000,000
Previous Owner Meruelo Maddux Properties $20,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2018 02/26/18 Rented $2,200 0.0% --
02/17/2018 02/17/18 For Rent $2,200 -- --
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 $3,188 $257,354 $120,917 $136,437
2024 $3,188 $252,309 $118,547 $133,762
2023 $3,127 $247,363 $116,223 $131,140
2022 $2,983 $242,514 $113,945 $128,569
2021 $2,940 $237,760 $111,711 $126,049
2019 $2,758 $222,790 $104,679 $118,111
2018 $2,807 $222,790 $104,679 $118,111
2016 $2,531 $201,400 $94,400 $107,000
2015 $1,677 $130,000 $60,000 $70,000
2014 $1,722 $130,000 $60,000 $70,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-314880

The MLS

APN: 5144-014-054