NOT LISTED FOR SALE

Estimated Value: $760,000 - $1,373,000

2 Beds
2 Baths
1,110 Sq Ft
$416/mo HOA Fee

Last Sold October 16, 2018

Last sale price $802,000 $723 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,205/month

26 Days on Market

Highlights

  • Roof Top Spa
  • Automatic Gate
  • Gated Community
  • Felicitas and Gonzalo Mendez High Rated A-
  • Two Primary Bedrooms
  • 5-minute walk to Arts District Dog Park

About This Home

As of October 2018

Revel in the transformation of DTLA as you live in the culturally immersive Arts District, which is home to thriving new eateries, breweries, galleries, boutiques, and a bustling social atmosphere. To name a few - Bestia, Pour Haus, Officine Brera, Angel City, Factory Kitchen, Eighty Two, Blue Bottle Coffee, Stumptown, Arts District Brewing, Urth Caffe, Zinc Cafe, Everson Royce, Cafe Gratitude, Villains Tavern, The Springs, Urban Radish, Daily Dose, Church and State, Resident, Wurstkuche, and Hauser & Wirth.

This pristine listing (Beacon Lofts) has been transformed to an exquisite gem under current ownership, with artistic styling to compliment high-pitched ceilings, as well as offering gleaming rooftop views of the DTLA skyline. Meet your new muse.

Last Agent to Sell the Property

Andrew William Martinez

Vantage Realty License #01925549 Listed on: 08/15/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,875

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • Two or More Common Walls
  • No Landscaping
  • Density is up to 1 Unit/Acre
  • On-Hand Building Permits

HOA Fees

  • $416 Monthly HOA Fees

Home Design

  • Loft
  • Turnkey
  • Additions or Alterations
  • Interior Block Wall

Interior Spaces

  • 1,110 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Insulated Windows
  • Drapes & Rods
  • Blinds
  • Window Screens
  • Family Room Off Kitchen
  • Living Room Balcony
  • Concrete Flooring
  • City Lights Views
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Double Master Bedroom
  • 2 Full Bathrooms

Home Security

Parking

  • Parking Available
  • Automatic Gate
  • Assigned Parking

Pool

  • Roof Top Spa
  • In Ground Spa

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 67247
  • Assessor Parcel Number 5163011047

Community Details

Overview

  • Master Insurance
  • Beacon Lofts Association, Phone Number (800) 706-7838
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Trash Chute

Recreation

  • Community Spa

Security

  • Controlled Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,875

Year Built

Built in 1923 | Remodeled

Lot Details

0

HOA Fees

$416 per month

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Subdivision Name Other: Arts District
  • View: Yes
  • Zoning: LAM3
  • Property Condition: Additions/Alterations, Building Permit, Turnkey, Updated/Remodeled
  • Property Sub Type: Loft
  • Property Type: Residential
  • Parcel Number: 5163011047
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1110.00 Square Feet
  • Interior Amenities: Block Walls, High Ceilings, Living Room Balcony, Open Floorplan, Trash Chute
  • Common Walls: 2+ Common Walls
  • Flooring: Concrete
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 722.52
  • Room Type: Two Masters
  • Spa Features: Association, Community, In Ground, Roof Top
  • Window Features: Blinds, Drapes, Insulated Windows, Screens
  • Room Kitchen Features: Kitchen Open To Family Room, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Gated

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Gas, Insurance, Maintenance Grounds, Dues Paid Monthly, Controlled Access, Hot Water
  • Association Fee: 416.18
  • Association Fee Frequency: Monthly
  • Association Name: Beacon Lofts Association
  • Phone: 800-706-7838
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, No Landscaping
  • Lot Size Sq Ft: 43170.00

Multi Family

  • Lease Considered: No
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2060.31
  • Tax Lot: 2
  • Tax Tract Number: 67247

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2018
Closed on
Sep 11, 2018
Sold by
Empting Erin N
Bought by
Liao Niwei Vicki and Raykhelson Jacob
Seller's Agent
Andrew William Martinez
Vantage Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$860,000
Sold Price
$802,000
Premium/Discount to List
-$58,000
-6.74%
Current Estimated Value
$924,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,612
Avg. Annual Appreciation
2.02%
Original Mortgage
$624,000
Outstanding Balance
$541,919
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$382,693

Purchase Details

Closed on
Jul 19, 2016
Sold by
Butterfield Peter Marsh and Peter M Butterfield Management
Bought by
Empting Erin N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Liao Niwei Vicki $802,000 Ticor Title Company
Empting Erin N $650,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liao Niwei Vicki $624,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2018 10/16/18 Sold $802,000 -6.7% $723 / Sq Ft
08/15/2018 08/15/18 For Sale $860,000 -- $775 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,875 $894,642 $536,562 $358,080
2024 $10,757 $877,101 $526,042 $351,059
2023 $10,542 $859,904 $515,728 $344,176
2022 $10,043 $843,044 $505,616 $337,428
2021 $9,921 $826,514 $495,702 $330,812
2019 $9,622 $802,000 $481,000 $321,000
2018 $6,000 $485,930 $146,102 $339,828
2016 $5,817 $467,063 $140,430 $326,633
2015 $5,733 $460,048 $138,321 $321,727
2014 $5,750 $451,037 $135,612 $315,425
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18201198

California Regional Multiple Listing Service (CRMLS)

APN: 5163-011-047