NOT LISTED FOR SALE
Studio
1 Bath
678 Sq Ft
0.3 Acres

Highlights

  • Concierge
  • In Ground Pool
  • Wood Flooring
  • Fitness Center
  • City Lights View
  • Loft

About This Home

As of June 2017

*Open loft style. Bright, exterior facing unit.* Built in 1928, Union Lofts was recently converted to residential lofts while preserving much of 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 with stainless steel kitchen appliances and an in-unit washer/dryer. Building Amenities: 24 Onsite Valet/Concierge, Rooftop Lounge & Sundeck, Fitness Studio & BBQ plus access to all LEVEL: Furnished Living Amenities. Conveniently located on the cusp of the Historic Core and South Park neighborhoods: 2 blocks from Whole Foods, 3 blocks from Ralph's, 4 blocks from the 7th Street Metro Center & Macy's Bloc. Boasts an excellent walking score: close to abundant dining, shopping, and nightlife. Parking is $250/mt for onsite valet service, or $150/mt at offsite covered garage 1 block away.

Last Agent to Rent the Property

Alexis Alegre

Smart LA Realty License #01970214 Listed on: 05/30/2017

Co-Listed By

Tiffany Gatto

Smart LA Realty License #01822601

Last Renter's Agent

Alexis Alegre

Smart LA Realty License #01970214 Listed on: 05/30/2017

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1928

Lot Details

  • 0.3

Parking

  • Parking Garage Space

Interior Spaces

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

Kitchen

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

Flooring

  • Wood
  • Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • In Ground Pool
  • 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 5144-014-097

Community Details

Overview

  • High-Rise Condominium
  • 11-Story Property

Amenities

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

Recreation

  • Community Basketball Court
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Controlled Access

Condo Details

Home Type

Condominium

Year Built

Built in 1928

Lot Details

0

Rental Info

  • Credit Report Required: Yes
  • 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: 678
  • Stories: 11
  • Year Built: 1928
  • 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
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 3.02

Exterior Features

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

Garage/Parking

  • Parking Garage: Community Garage, Valet

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Assoc Barbecue, Basketball Court, Concierge, Controlled Access, Elevator, Exercise Room, Fire Pit, Fitness Center, Onsite Property Management, Pool, Spa, Sun Deck, Valet Parking
  • Pet Rules: Yes

Lot Info

  • Assessor Parcel Number: 5144-014-097
  • 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

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
$11,639,397
Interest Rate
3.65%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2017 06/08/17 Rented $2,050 0.0% --
05/30/2017 05/30/17 For Rent $2,050 -- --
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 $3,027 $245,041 $115,132 $129,909
2024 $3,027 $240,237 $112,875 $127,362
2023 $2,969 $235,527 $110,662 $124,865
2022 $2,832 $230,910 $108,493 $122,417
2021 $2,791 $226,383 $106,366 $120,017
2019 $2,618 $212,131 $99,670 $112,461
2018 $2,661 $212,131 $99,670 $112,461
2016 $2,401 $190,900 $89,900 $101,000
2015 $1,672 $130,000 $60,000 $70,000
2014 $1,596 $120,000 $60,000 $60,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-236246

The MLS

APN: 5144-014-097