$1,250,000
SOLD JUN 27, 2018
2 Beds
2 Baths
1,740 Sq Ft
$1,197/mo HOA Fee

Recently Sold

$718 Per Sq Ft

10% Below List Price

79 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • In Ground Pool
  • Boat Dock
  • 24-Hour Security
  • 4-minute walk to Grand Hope Park

About This Home

As of June 2018

The Famous Art Deco Eastern Columbia Building has been referred to as "the Jewel of Downtown" Presenting this rare sophisticated and spacious corner unit with large outdoor patio! Located in one of the most sought after historic district of Downtown LA and across from the Ace Hotel / Lounge! This unique 2B-2B loft is 1,730 square feet of large open space, a walk-in closet, 2 full bathrooms, and your private outdoor patio with views of the historically famous Orpheum Theatre! Enjoy a breathtaking rooftop pool and deck, spa and fitness center. Located minutes from leading restaurants, shops, Staple Center and Nokia Theater and other amenities.

Last Agent to Sell the Property

Alex LiMandri

Urban Residential Brokerage, Inc. License #01822666 Listed on: 01/31/2018

Last Buyer's Agent

Marty Walker

eXp Realty of California Inc License #01169890

eXp Realty of California Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,329

Year Built

  • Built in 1930

HOA Fees

  • $1,197 Monthly HOA Fees

Home Design

  • Art Deco Architecture
  • Entry on the 8th floor

Interior Spaces

  • 1,740 Sq Ft Home
  • Built-In Features
  • Loft
  • Concrete Flooring
  • City Lights Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Electric Dryer Hookup

Home Security

Parking

  • Attached Garage
  • Automatic Gate
  • Parking Garage Space
  • Controlled Entrance

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5144-017-139

Community Details

Overview

  • 147 Units

Amenities

  • Concierge
  • Sundeck
  • Community Fire Pit
  • Community Barbecue Grill
  • Elevator
  • Community Storage Space

Recreation

  • Boat Dock
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,329

Year Built

Built in 1930

Lot Details

0

HOA Fees

$1,197 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Art Deco
  • Street Number Display: Yes
  • Complex Name: Eastern Columbia Lofts HOA
  • Entry Floor: 8
  • Living Area: 1740
  • Planned Urban Dev: 0
  • Unit Floor In Building: 8
  • Year Built: 1930
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Cement
  • Bedrooms: 2
  • Fireplaces: 0
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Closet, In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Electric Dryer Hookup, Garbage Disposal, Hood Fan, Microwave, Network Wire, Range/Oven, Refrigerator
  • Fireplace: No
  • Price Per S Q F T: 801.72

Exterior Features

  • Balcony: YES
  • Tennis Court Y/N: No
  • Exposure: East
  • Pool Description: Association Pool, Community
  • Pool: Yes
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Community Garage, Controlled Entrance, Covered Parking

Utilities

  • Cooling: Central
  • Earth Quake Ins: 0
  • Heating: Central
  • Security: 24 Hour, Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Community, Fire Sprinklers, Resident Manager, Smoke Detector

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Pet Rules, Concierge, Controlled Access, Dock, Elevator, Exercise Room, Extra Storage, Fire Pit, Fitness Center, Gated Community, Gated Community Guard, Gated Parking, Greenbelt/Park, Onsite Property Management, Pool, Security, Spa, Sun Deck
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 1197.11
  • HOA: Yes
  • Unit Location: East

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5144-017-139
  • Geocode Override: No
  • Lot Size Area: 22842

Multi Family

  • Number Of Units: 147

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2022
Sold by
Lorin and Jane
Bought by
Jane P Lorin Separate Property Trust
Current Estimated Value
$1,056,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Outstanding Balance
$885,498
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$170,685

Purchase Details

Closed on
Feb 8, 2019
Sold by
Lorin Edward and Lorin Jane
Bought by
Jane P Lorin Separate Property Trust

Purchase Details

Listed on
Jan 31, 2018
Closed on
May 4, 2018
Sold by
Sillas Vincent
Bought by
Lorin Edward and Lorin Jane
Seller's Agent
Alex LiMandri
Urban Residential Brokerage, Inc.
Buyer's Agent
Marty Walker
eXp Realty of California Inc
List Price
$1,395,000
Sold Price
$1,250,000
Premium/Discount to List
-$145,000
-10.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.31%
Original Mortgage
$937,500
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 1, 2006
Sold by
849 Broadway Real Estate Llc
Bought by
Sillas Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,560
Interest Rate
6.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed -- Equity Title
Interfamily Deed Transfer -- None Available
Grant Deed $1,250,000 Lawyers Title
Grant Deed $761,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $950,000 New Conventional
Closed $950,000 New Conventional
Previous Owner $937,600 Adjustable Rate Mortgage/ARM
Previous Owner $937,500 Adjustable Rate Mortgage/ARM
Previous Owner $608,560 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Rented $8,500 0.0% --
03/27/2023 03/27/23 For Rent $8,500 0.0% --
06/27/2018 06/27/18 Sold $1,250,000 -10.4% $718 / Sq Ft
05/24/2018 05/24/18 For Sale $1,395,000 0.0% $802 / Sq Ft
04/20/2018 04/20/18 Pending -- -- --
01/31/2018 01/31/18 For Sale $1,395,000 0.0% $802 / Sq Ft
08/17/2017 08/17/17 Rented $4,200 +2.4% --
07/28/2017 07/28/17 Price Changed $4,100 +3.8% $2 / Sq Ft
07/20/2017 07/20/17 For Rent $3,950 -6.0% --
06/13/2016 06/13/16 Rented $4,200 -2.3% --
06/09/2016 06/09/16 Under Contract -- -- --
04/29/2016 04/29/16 Price Changed $4,300 -6.4% $2 / Sq Ft
03/09/2016 03/09/16 For Rent $4,595 -- --
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 $4,329 $281,000 $56,200 $224,800
2024 $4,329 $281,000 $56,200 $224,800
2023 $4,271 $281,000 $56,200 $224,800
2022 $4,107 $281,000 $56,200 $224,800
2021 $5,391 $392,000 $78,400 $313,600
2020 $3,789 $252,000 $50,400 $201,600
2019 $3,694 $1,250,000 $500,000 $750,000
2018 $4,821 $344,000 $68,800 $275,200
2016 $2,663 $176,000 $54,000 $122,000
2015 $2,640 $176,000 $54,000 $122,000
2014 $3,003 $176,000 $54,000 $122,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-308888

The MLS

APN: 5144-017-139