NOT LISTED FOR SALE

Estimated Value: $561,000 - $802,000

1 Bed
1 Bath
900 Sq Ft
$550/ mo HOA Fee

Last Sold April 30, 2021

Last sale price $655,000 $728 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,748/month

13 Days on Market

Highlights

  • Heated Spa
  • Gourmet Kitchen
  • City Lights View
  • Rooftop Deck
  • Automatic Gate
  • 5-minute walk to Arts District Dog Park

About This Home

As of April 2021

Priced to sell! Completely renovated Arts District beauty. This beautiful, south-facing, and light-filled loft with high ceilings was completely updated in 2020. The fully enclosed master bedroom with beautiful metalwork and factory-style windows, gorgeous custom-build swing doors, and spacious walk-in closet gives this unit a luxurious, upscale touch. The unit is perfect for live/work, as the 2nd bedroom can also be used as an office space. Perfect home, office or a work-from-home/ live-work- situation. The gourmet kitchen's Samsung appliances were newly purchased in 2020. The property has beautiful ceiling lighting installed in all rooms, and the windows have motorized, smart blinds to keep the unit cool during the summer months. The bedroom and office have smart LED lighting and the fully serviced AC is operated by a Nest thermostat. The polished concrete floors add to the industrial-chic character of the property. In addition to the walk-in closet, there is another fully built-out wardrobe in the hallway, as well as extra storage in the laundry cabinet by the entrance. The modern bathroom was updated with a shower glass panel. The unit comes with one assigned, full-size parking spot. The building's immediate neighbors are Bestia, Wurstkueche, Urth Caffe, galleries, Spotify, Honey, Warner Music and countless breweries and restaurants

Last Agent to Sell the Property

Andreas Ludwig

Keller Williams Studio City License #02032222 Listed on: 03/16/2021

Keller Williams Studio City

Last Buyer's Agent

Itza Mari

License #01916143

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • South Facing Home
  • Gated Home

HOA Fees

  • $550 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 900 Sq Ft Home
  • Built-In Features
  • Double Pane Windows
  • Blinds
  • Den
  • Concrete Flooring
  • City Lights Views
  • Security Lights
  • Laundry in Kitchen

Kitchen

  • Gourmet Kitchen
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Low Flow Toliet
  • Bathtub with Shower

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Automatic Gate
  • Controlled Entrance

Pool

  • Heated Spa

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district

Listing and Financial Details

  • Assessor Parcel Number 5163-011-059

Community Details

Overview

  • Association fees include gas, sewer, water and sewer paid, water, trash
  • 53 Units
  • Pmp Management Association
  • Maintained Community
  • 6-Story Property

Amenities

  • Rooftop Deck
  • Sundeck
  • Community Barbecue Grill
  • Elevator
  • Lobby

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1923 | Remodeled

Lot Details

0.99 Acres

HOA Fees

$550 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: Beacon Lofts HOA
  • Disability Access: 48 inch or more wide halls, Doors - Swing In
  • Entry Floor: 3
  • Living Area: 900
  • Lot Acreage: 0.9910
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 6
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins
  • Flooring: Cement
  • Appliances: Cooktop - Gas, Oven, Oven-Gas, Microwave, Gas/Electric Range, Gas
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Over Tub, Low Flow Toilet(s)
  • Three Quarter Bathrooms: 0
  • Kitchen Features: Gourmet Kitchen
  • Laundry: In Kitchen, In Closet
  • Total Bathrooms: 1.00
  • Equipment: Freezer, Garbage Disposal, Microwave, Ice Maker, Dishwasher, Built-Ins
  • Price Per S Q F T: 750.00
  • Windows: Window Blinds, Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Pool: No
  • Spa: Hot Tub, Heated, Community, Association Spa
  • Spa Yn: Yes
  • View: City Lights
  • View: Yes

Garage/Parking

  • Other Spaces: 1
  • Parking Garage: Controlled Entrance, Gated, Parking Space
  • Total Parking: 1

Utilities

  • Volt 220: In Laundry
  • Cooling: Central
  • Heating: Central
  • Security: Card/Code Access, Exterior Security Lights, Gated, Smoke Detector, Automatic Gate, Fire Sprinklers
  • Water: Water District

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Controlled Access, Sun Deck, Elevator, Spa
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Gas, Sewer, Water and Sewer Paid, Water, Trash
  • High Rise: Entrance Lobby, Controlled Access, Mid-Rise Building, Rooftop Sky Deck
  • HOA Fees: 550.00
  • Management Company: PMP Management
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5163-011-059
  • Lot Size Area: 43170

Multi Family

  • Number Of Units: 53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2019
Closed on
Feb 6, 2020
Sold by
Baquiran Beverly and Baquiran Janelle
Bought by
Ludwig Andreas and Ludwig Nicole Marie Amerian
Seller's Agent
Hanvid Kim
Compass
Buyer's Agent
Andreas Ludwig
Keller Williams Studio City
List Price
$629,000
Sold Price
$617,500
Premium/Discount to List
-$11,500
-1.83%
Current Estimated Value
$649,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,250
Avg. Annual Appreciation
0.83%
Original Mortgage
$463,125
Outstanding Balance
$410,133
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$239,617

Purchase Details

Closed on
Jul 14, 2015
Sold by
Baquiran Beverly
Bought by
Baquiran Beverly and Baquiran Janelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,831
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2013
Sold by
Alameda & Fourth Llc
Bought by
Baquiran Beverly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,660
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2012
Sold by
Baquiran Joseph
Bought by
Baquiran Beverly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,660
Interest Rate
3.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ludwig Andreas $617,500 Usa National Title Company
Baquiran Beverly -- National Link
Baquiran Beverly $354,000 Chicago Title Company
Baquiran Beverly -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ludwig Andreas $463,125
Previous Owner Baquiran Beverly $373,831
Previous Owner Baquiran Beverly $279,660
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2021 04/30/21 Sold $655,000 -3.0% $728 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $675,000 +9.3% $750 / Sq Ft
02/11/2020 02/11/20 Sold $617,500 -1.8% $686 / Sq Ft View Prior Sale
01/13/2020 01/13/20 Pending -- -- --
12/12/2019 12/12/19 For Sale $629,000 0.0% $699 / Sq Ft
03/26/2018 03/26/18 Rented $2,500 0.0% --
03/23/2018 03/23/18 Under Contract -- -- --
03/05/2018 03/05/18 For Rent $2,500 -- --
Source: The MLS

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 $8,717 $708,991 $324,729 $384,262
2024 $8,623 $695,090 $318,362 $376,728
2023 $8,453 $681,462 $312,120 $369,342
2022 $8,053 $668,100 $306,000 $362,100
2021 $7,590 $623,896 $374,338 $249,558
2020 $5,580 $443,632 $132,863 $310,769
2019 $5,362 $434,934 $130,258 $304,676
2018 $5,341 $426,406 $127,704 $298,702
2016 $5,107 $409,850 $122,746 $287,104
2015 $5,034 $403,695 $120,903 $282,792
2014 $5,049 $395,788 $118,535 $277,253
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-705836

The MLS

APN: 5163-011-059

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