$795,000
SOLD JUN 30, 2020
2 Beds
2 Baths
1,220 Sq Ft
$537/mo HOA Fee

Recently Sold

$652 Per Sq Ft

4% Below List Price

92 Days on Market

Highlights

  • 24-Hour Security
  • Spa
  • 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

VACANT Appreciate this Chic Modern unit at the Beacon Lofts. Modernized in 2012, the Beacon Lofts is located in the Prime Arts District and is steps away from Little Tokyo District. The Beacon Lofts provides artist lofts designed for dynamic city living and space for the creative arts. This Corner End Unit offers 2 enclosed bedrooms, 2 full baths, polished concrete floors, large windows, 48sqft balcony, open kitchen which flows to living area, W/D in unit, stainless steel appliances, and comes w/ 2 parking spaces. Building provides rooftop grilling area w/ lounging area, hot tub, dog walk/run area, and Amazing West views of DTLA skyline from the roof. Neighborhood amenities within walking distance provide new eateries, breweries, galleries, boutiques, and a bustling social presence. To name a few are: Little Tokyo Market Place, Pie Hole, Urth Cafe, Container Yard, Bestia, Bavel, Arts District Brewery, Angel City Brewery, Salt & Straw, Everson Royce and Eighty Two.*VIDEO TOUR AVAILABLE*

Last Agent to Sell the Property

Michael Baquiran

Coldwell Banker Realty License #01918202 Listed on: 03/06/2020

Last Buyer's Agent

Neil McDermott

Hilton & Hyland License #01385176

Hilton & Hyland

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,883

Year Built

  • Built in 1923

Lot Details

  • East Facing Home

HOA Fees

  • $537 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 1,220 Sq Ft Home
  • Concrete Flooring
  • Laundry in unit

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom
  • Two Primary Bathrooms
  • 2 Full Bathrooms

Home Security

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Tandem Parking
  • Assigned Parking
  • Controlled Entrance

Outdoor Features

  • Spa
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Assessor Parcel Number 5163-011-066

Community Details

Overview

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

Amenities

  • Sundeck
  • Community Barbecue Grill
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,883

Year Built

Built in 1923

Lot Details

0

HOA Fees

$537 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Street Number Display: Yes
  • Complex Name: Beacon Lofts / Prime Association
  • Entry Floor: 4
  • Living Area: 1220
  • Planned Urban Dev: 0
  • Stories: 6
  • Unit Floor In Building: 4
  • Year Built: 1923
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Cement
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: 2 Master Bedrooms
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Microwave, Range/Oven
  • Price Per S Q F T: 654.92

Exterior Features

  • Direction Faces: East
  • Patio: Balcony
  • Pool: No
  • Spa: Community
  • Spa Yn: Yes
  • View: City Lights, Mountains
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Parking Garage: Assigned, Controlled Entrance, Tandem
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinklers, Guarded
  • Sewer: Paid
  • Water: Paid

Association/Amenities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Gas, Security, Trash, Water and Sewer Paid
  • HOA Fees: 537.18
  • Management Company: Prime Association
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5163-011-066
  • Geocode Override: No
  • Lot Size Area: 43104

Rental Info

  • Lease Option: 1

Multi Family

  • Number Of Units: 53

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
2.31%
Original Mortgage
$295,000
Outstanding Balance
$262,647
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$631,726

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $795,000 Equity Title Company
Interfamily Deed Transfer -- Title 365 Company
Condominium Deed $474,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $295,000 New Conventional
Previous Owner $577,500 New Conventional
Previous Owner $355,500 New Conventional
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: 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 $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

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Map

Source: The MLS

MLS Number: 20-560168

The MLS

APN: 5163-011-066