NOT LISTED FOR SALE

Estimated Value: $1,451,000 - $1,743,000

Studio
3 Baths
2,000 Sq Ft
$731/mo HOA Fee

Last Sold October 28, 2024

Last sale price $1,680,000 $840 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $10,744/month

222 Days on Market

Highlights

  • Wine Cellar
  • Penthouse
  • Rooftop Deck
  • 24-Hour Security
  • Spa
  • 5-minute walk to Arts District Dog Park

About This Home

As of October 2024

A rare Japanese Zen-influenced, open floor, and upgraded PENTHOUSE in trendy arts district! The Beacon Loft is a chic community of live-work lofts optimized for urban living in the center of Downtown Los Angeles. Ample sized gourmet kitchen comes with Viking S/S appliances, a wine cellar, a large marble stone countertop, and an automation system by Lutron which controls lighting, shades, and HVAC from your phone or tablet. The magnificent skyline and mountain view from the spacious living room and dining room area will take your breath away. Two master baths come with deep Japanese-style tubs, a separate shower room, and custom California closets. You can entertain your special guests at the large L-shaped patio overlooking the best downtown LA view. Community amenities include a rooftop jacuzzi, outdoor kitchen, and dog walking area. The Beacon is located near the Walt Disney Concert Hall, Music Center, trendy restaurants and bars, Little Tokyo, and Union Station. Do not miss this once-in-a-lifetime opportunity!

Last Agent to Sell the Property

Bryan Miyamoto

Keller Williams Realty Los Feliz License #01346587 Listed on: 02/03/2024

Keller Williams Realty Los Feliz

Last Buyer's Agent

Bryan Miyamoto

Keller Williams Realty Los Feliz License #01346587 Listed on: 02/03/2024

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • North Facing Home
  • Gated Home

HOA Fees

  • $731 Monthly HOA Fees

Property Views

  • Panoramic
  • Skyline
  • Views of a landmark
  • Mountain
  • Park or Greenbelt

Home Design

  • Penthouse
  • Modern Architecture
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • Decorative Fireplace
  • Wine Cellar
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Loft
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Convection Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Marble Countertops
  • Disposal

Bedrooms and Bathrooms

  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Intercom
  • Alarm System

Parking

  • 2 Covered Spaces
  • Tandem Parking
  • Automatic Gate

Outdoor Features

  • Spa
  • Balcony
  • Rooftop Deck
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5163-011-082

Community Details

Overview

  • Association fees include water, trash
  • 53 Units
  • Pmp Management Association

Amenities

  • Community Barbecue Grill
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1923 | Remodeled

Lot Details

0

HOA Fees

$731 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Beacon Lofts
  • Disability Access: Handicap Access
  • Entry Floor: 1
  • Entry Location: Penthouse
  • Living Area: 2000
  • Lot Acreage: 0.9913
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Open Floor Plan, Laundry - Closet Stacked, Furnished, Turnkey
  • Fireplace Rooms: Living Room, Decorative
  • Flooring: Hardwood
  • Appliances: Cooktop - Gas, Convection Oven, Microwave
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: Master Suite, WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled, Shower and Tub, 2 Master Baths
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Dining Area
  • Kitchen Features: Counter Top, Gourmet Kitchen, Marble Counters
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Cable, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Washer, Refrigerator, Intercom
  • Price Per S Q F T: 869.50

Exterior Features

  • Direction Faces: North
  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Patio: Balcony, Patio Open, Roof Top Deck
  • Pool: No
  • Spa: Community
  • Spa Yn: Yes
  • View: City Lights, City, Landmark, Skyline, Panoramic, Mountains, Green Belt
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Tandem, Gated

Utilities

  • TV Svcs: Cable TV
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: 24 Hour, Automatic Gate, Carbon Monoxide Detector(s), Fire Sprinklers, Gated, Smoke Detector, T.V., Community, Card/Code Access, Fire and Smoke Detection System

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Pet Rules, Elevator, Gated Community, Controlled Access, Spa
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Water, Trash
  • HOA Fees: 731.00
  • Management Company: PMP Management
  • Mgmt Co Phone: 3106940600|
  • HOA: Yes
  • Unit Location: 6

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5163-011-082
  • Lot Size Area: 43183

Rental Info

  • Furnished: Furnished Or Unfurnished
  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 53

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2018
Closed on
Mar 13, 2019
Sold by
Smlland Land Company Llc
Bought by
Kagaya Masato
Seller's Agent
Brian Ashley Armstrong
Real Estate eBroker Inc.
Buyer's Agent
Richard Oda
Seven Star Realty
List Price
$1,495,000
Sold Price
$1,480,000
Premium/Discount to List
-$15,000
-1%
Current Estimated Value
$1,599,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,582
Avg. Annual Appreciation
1.17%
Original Mortgage
$1,000,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2013
Sold by
Alameda & Fourth Llc
Bought by
Smiland Land Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Kagaya Masato $1,480,000 Fidelity National Title
Smiland Land Company Llc $1,041,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kagaya Masato $1,000,000
Previous Owner Smiland Land Company Llc $625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2024 10/28/24 Sold $1,680,000 -3.4% $840 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
07/08/2024 07/08/24 Price Changed $1,739,000 -3.1% $870 / Sq Ft
02/03/2024 02/03/24 For Sale $1,795,000 +21.3% $898 / Sq Ft
04/29/2019 04/29/19 Sold $1,480,000 -1.0% $740 / Sq Ft View Prior Sale
03/11/2019 03/11/19 Pending -- -- --
03/02/2019 03/02/19 For Sale $1,495,000 0.0% $748 / Sq Ft
03/02/2019 03/02/19 Price Changed $1,495,000 +1.0% $748 / Sq Ft
02/12/2019 02/12/19 Off Market $1,480,000 -- --
11/11/2018 11/11/18 For Sale $1,699,000 -- $850 / Sq Ft
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 $19,881 $1,680,000 $335,000 $1,345,000
2024 $19,881 $1,618,593 $492,139 $1,126,454
2023 $19,488 $1,586,857 $482,490 $1,104,367
2022 $18,572 $1,555,743 $473,030 $1,082,713
2021 $18,349 $1,525,239 $463,755 $1,061,484
2020 $18,537 $1,509,600 $459,000 $1,050,600
2019 $3,957 $1,149,161 $344,417 $804,744
2018 $13,880 $1,126,629 $337,664 $788,965
2016 $13,275 $1,082,883 $324,553 $758,330
2015 $13,082 $1,066,618 $319,678 $746,940
2014 $13,114 $1,045,725 $313,416 $732,309
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-354585

The MLS

APN: 5163-011-082