NOT LISTED FOR SALE

Estimated Value: $828,000 - $988,000

2 Beds
2 Baths
1,220 Sq Ft
$615/mo HOA Fee

Last Sold April 01, 2022

Last sale price $845,000 $693 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,430/month

7 Days on Market

Highlights

  • Spa
  • Automatic Gate
  • City Lights View
  • Felicitas and Gonzalo Mendez High Rated A-
  • Two Primary Bedrooms
  • 3-minute walk to Arts District Dog Park

About This Home

As of April 2022

Chic and modern Beacon Loft unit. Built in 1921, modernized in 2012, the building is located in the Prime Arts District and a few blocks from Little Tokyo District. This open artist loft is designed for dynamic city living and space to be creative. Bright corner end unit offers 2 bedrooms, 2 full baths, polished concrete floors, large windows, a large 48 sqft. balcony, open kitchen which flows to the living area, W/D in unit, and stainless steel appliances. Building provides rooftop grilling area, hot tub, dog walk/run area, 2 secured gated parking spaces, views of DTLA skyline from the roof, and spectacular sunsets. Neighborhood amenities within walking distance provide fabulous eateries like Girl & the Goat, Urth Cafe, Bavel, breweries, galleries, boutiques, and a bustling social presence. This is good living...come and see it

Last Agent to Sell the Property

Shelly Hilliard

Coldwell Banker Realty License #01968101 Listed on: 03/09/2022

Coldwell Banker Realty

Last Buyer's Agent

Jennifer Chan

COMPASS License #01780218

COMPASS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,883

Year Built

  • Built in 1923

Lot Details

  • End Unit
  • 1 Common Wall
  • West Facing Home
  • Wrought Iron Fence
  • Electric Fence
  • Fence is in excellent condition
  • Sprinkler System
  • Density is up to 1 Unit/Acre

HOA Fees

  • $615 Monthly HOA Fees

Home Design

  • Turnkey
  • Combination Foundation
  • Pre-Cast Concrete Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,220 Sq Ft Home
  • Open Floorplan
  • Beamed Ceilings
  • High Ceiling
  • Drapes & Rods
  • Window Screens
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Concrete Flooring
  • City Lights Views

Kitchen

  • Open to Family Room
  • Gas Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Double Master Bedroom
  • 2 Full Bathrooms
  • Quartz Bathroom Countertops
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Automatic Gate
  • Assigned Parking
  • Controlled Entrance

Accessible Home Design

  • No Interior Steps
  • Accessible Parking

Outdoor Features

  • Spa
  • Living Room Balcony
  • Open Patio
  • Exterior Lighting

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 67247
  • Assessor Parcel Number 5163011066
  • $307 per year additional tax assessments

Community Details

Overview

  • 53 Units
  • Prime Association, Phone Number (800) 706-7838
  • Maintained Community
  • 6-Story Property

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Security Service
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,883

Year Built

Built in 1923

Lot Details

0

HOA Fees

$615 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
  • View: Yes
  • Zoning: LAM3
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5163011066
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1220.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, High Ceilings, Living Room Balcony, Open Floorplan
  • Stories: 6
  • Entry Location: 4
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Concrete
  • Accessibility Features: No Interior Steps, Parking
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: In Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 692.62
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Two Masters
  • Spa Features: Association
  • Window Features: Drapes, Screens
  • Bathroom Features: Shower In Tub, Quartz Counters
  • Room Kitchen Features: Kitchen Open To Family Room, Quartz Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Foundation: Combination, Concrete Perimeter
  • Exterior Features: Lighting
  • View: City Lights
  • Fence: Yes
  • Fencing: Electric, Excellent Condition, Wrought Iron
  • Patio And Porch Features: Patio Open
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Concrete, Unknown

Garage/Parking

  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Assigned, Controlled Entrance, Gated, On Site
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • 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, Maintenance Grounds, Sewer, Water, Pet Rules, Pets Permitted, Security, Controlled Access, Hot Water
  • Association Fee: 615.00
  • Association Fee Frequency: Monthly
  • Association Name: Prime Association
  • Phone: 800-706-7838
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights
  • Association Management: yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Near Public Transit, Sprinkler System
  • Lot Size Sq Ft: 43170.00
  • Lot Size Acres: 0.9910

Multi Family

  • Lease Considered: No
  • Lot Size Area: 43170.0000 Square Feet
  • Number Of Units In Community: 53
  • Number Of Units Total: 53

Tax Info

  • Tax Census Tract: 2060.31
  • Tax Lot: 2
  • Tax Tract Number: 67247
  • TaxOtherAnnualAssessmentAmount: 307.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2020
Closed on
Jun 16, 2020
Sold by
Jung Andrew Inchun and Jung Eun Young
Bought by
Mcdonough Michael and Mcdonough Mary
Seller's Agent
Michael Baquiran
Coldwell Banker Realty
Buyer's Agent
Neil McDermott
Hilton & Hyland
List Price
$829,900
Sold Price
$795,000
Premium/Discount to List
-$34,900
-4.21%
Current Estimated Value
$907,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,688
Avg. Annual Appreciation
2.58%
Original Mortgage
$295,000
Outstanding Balance
$262,647
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$645,041

Purchase Details

Closed on
Oct 31, 2016
Sold by
Jung Andrew Inchun and Jung Eun Young
Bought by
Jung Andrew Inchun and Jung Eun Young

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$577,500
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2013
Sold by
Alameda & Fourth Llc
Bought by
Jung Andrew Inchun and Choi Eun Young

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,500
Interest Rate
3.36%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mcdonough Michael $795,000 Equity Title Company
Jung Andrew Inchun -- Title 365 Company
Jung Andrew Inchun $474,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdonough Michael $295,000
Previous Owner Jung Andrew Inchun $577,500
Previous Owner Jung Andrew Inchun $355,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $845,000 -1.1% $693 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $854,000 +7.4% $700 / Sq Ft
06/30/2020 06/30/20 Sold $795,000 -0.5% $652 / Sq Ft
06/06/2020 06/06/20 Pending -- -- --
05/18/2020 05/18/20 Price Changed $799,000 -3.7% $655 / Sq Ft
03/23/2020 03/23/20 For Sale $829,900 0.0% $680 / Sq Ft
03/11/2020 03/11/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $829,900 0.0% $680 / Sq Ft
08/01/2017 08/01/17 Rented $3,000 0.0% --
07/28/2017 07/28/17 Under Contract -- -- --
07/21/2017 07/21/17 Price Changed $3,000 -10.4% $2 / Sq Ft
06/13/2017 06/13/17 Price Changed $3,350 -6.9% $3 / Sq Ft
05/13/2017 05/13/17 For Rent $3,600 -- --
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 $10,883 $896,720 $366,116 $530,604
2024 $10,883 $879,138 $358,938 $520,200
2023 $10,668 $861,900 $351,900 $510,000
2022 $9,866 $819,298 $491,579 $327,719
2021 $9,746 $803,235 $481,941 $321,294
2020 $6,624 $533,711 $159,887 $373,824
2019 $6,365 $523,247 $156,752 $366,495
2018 $6,340 $512,988 $153,679 $359,309
2016 $6,058 $493,069 $147,712 $345,357
2015 $5,970 $485,664 $145,494 $340,170
2014 $5,985 $476,151 $142,644 $333,507
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22047681

California Regional Multiple Listing Service (CRMLS)

APN: 5163-011-066