NOT LISTED FOR SALE

940 E 2nd St Unit 1 Los Angeles, CA 90012

Downtown LA Neighborhood

Estimated Value: $1,823,000 - $2,237,000

2 Beds
2.5 Baths
2,566 Sq Ft
$516/mo HOA Fee

Last Sold September 16, 2021

Last sale price $2,099,000 $818 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $13,634/month

14 Days on Market

Highlights

  • Art Studio
  • Primary Bedroom Suite
  • 1.01 Acre Lot
  • No Units Above
  • Updated Kitchen
  • Open Floorplan

About This Home

As of September 2021

LIVE THE EXCITEMENT OF THE ARTS DISTRICT - This luxurious 3-story townhouse loft must be seen. Recently remodeled and redecorated by UnHeim, this stunning end unit offers over 2500 sq ft of living space. Light filled spaces, original brick walls, exposed steel and concrete beams, skylights, clerestory windows, and ample closets are just some of the architectural features in this incredible home. The large ground floor space which can be used as a bedroom, studio or office has a full bath, large closets, custom lighting and automated custom blinds. The loft-style mid-level floor hosts an entry area, living room, dining area, updated chef's kitchen, powder room and laundry room. The light filled top floor is dedicated to the primary bedroom suite which features an updated spacious bath, walk in closet and private patio. There is direct entry from your dedicated garage parking space and your assigned outdoor parking space on the ground floor and a more formal entry on the 2nd floor. Secure guest parking. 220 Tesla charging outlet. This safe, quiet, gated complex is next to acclaimed galleries, shops and restaurants, the Metro, a local dog park, Little Tokyo and USC. Enjoy the best of the live/work lifestyle in the historic Arts District with the warmth and feel of a traditional home. Light fixtures in dining area and primary bath excluded in sale.

Last Agent to Sell the Property

Terri Miller

Tempo Realty License #01961461 Listed on: 08/24/2021

Co-Listed By

Monika Bruegl

Tempo Realty License #01344746

Last Buyer's Agent

Blas Fernandez

JohnHart Real Estate License #02012036

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2002 | Remodeled

Lot Details

  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • East Facing Home
  • Security Fence
  • Wrought Iron Fence
  • Electric Fence
  • New Fence

HOA Fees

  • $516 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • 1 Open Parking Space
  • Parking Available
  • Automatic Gate
  • Guest Parking
  • Assigned Parking
  • Controlled Entrance

Home Design

  • Turnkey
  • Slab Foundation
  • Unfinished Walls
  • Metal Roof

Interior Spaces

  • 2,566 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wired For Data
  • Beamed Ceilings
  • Brick Wall or Ceiling
  • Cathedral Ceiling
  • Skylights
  • Recessed Lighting
  • Track Lighting
  • Custom Window Coverings
  • Roller Shields
  • Entryway
  • Living Room
  • Loft
  • Art Studio
  • Dance Studio
  • Alarm System

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven
  • Gas Cooktop
  • Warming Drawer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Separate Shower
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Balcony
  • Patio
  • Terrace
  • Exterior Lighting
  • Rooftop Access

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 65978

Community Details

Overview

  • 38 Units
  • 940 E. 2Nd Street Owner's Association, Phone Number (310) 694-0600

Recreation

  • Bike Trail

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Security Service
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2002 | Remodeled

Lot Details

0

HOA Fees

$516 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Miele Washer & Dryer included in sale.
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System, Fire Sprinkler System, Security System, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Not Applicable
  • View: No
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2566.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Brick Walls, Cathedral Ceiling(s), High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Track Lighting, Unfinished Walls, Wired for Data
  • Stories: 3
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Concrete, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Counter / Bar
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 818.00
  • Room Type: Art Studio, Dance Studio, Entry, Laundry, Living Room, Loft, Master Bathroom, Master Bedroom, Master Suite
  • Window Features: Custom Covering, Roller Shields, Skylight(s)
  • Bathroom Features: Bathtub, Closet In Bathroom, Double Sinks In Master Bath, Remodeled, Separate Tub And Shower, Shower, Soaking Tub, Stone Counters
  • Room Kitchen Features: Kitchen Island, Remodeled Kitchen, Stone Counters, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Electric, New Condition, Security, Wrought Iron
  • Patio And Porch Features: Roof Top, Terrace
  • Pool Private: No
  • Roof: Metal
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Controlled Entrance, Covered, Direct Garage Access, Garage, Guest, On Site
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Gas Oven, Refrigerator, Warming Drawer
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pet Rules, Pets Permitted, Security, Sewer, Trash
  • Association Fee: 516.00
  • Association Fee Frequency: Monthly
  • Association Name: 940 E. 2nd Street Owner's Association
  • Phone: 310-694-0600
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 43803.00
  • Lot Size Acres: 1.0100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 43803.0000 Square Feet
  • Number Of Units In Community: 38

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 65978

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2016
Closed on
Apr 15, 2016
Sold by
Sauer Gretchen and Kendrick Randall
Bought by
The Adams Cohen Family Trust
Seller's Agent
Russell Roney
Keller Williams Larchmont
Buyer's Agent
Terry Shelton
List Price
$1,785,000
Sold Price
$1,675,000
Premium/Discount to List
-$110,000
-6.16%
Current Estimated Value
$2,085,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,055
Avg. Annual Appreciation
2.29%
Original Mortgage
$1,340,000
Outstanding Balance
$1,018,306
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,066,749

Purchase Details

Listed on
May 18, 2012
Closed on
Feb 6, 2013
Sold by
Cjuf Iii Barn Lofts Llc
Bought by
Sauer Gretchen and Kendrick Randall
Seller's Agent
Jason Kitchens
VIP Premier Realty Corp
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,250,000
Sold Price
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.55%
Original Mortgage
$750,000
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
The Adams Cohen Family Trust $1,675,000 Fatcola
Sauer Gretchen $1,250,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Adams Cohen Family Trust $1,340,000
Previous Owner Sauer Gretchen $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2021 09/16/21 Sold $2,099,000 0.0% $818 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $2,100,000 +25.4% $818 / Sq Ft
05/03/2016 05/03/16 Sold $1,675,000 -6.2% $653 / Sq Ft View Prior Sale
03/31/2016 03/31/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $1,785,000 +42.8% $696 / Sq Ft
02/15/2013 02/15/13 Sold $1,250,000 0.0% $487 / Sq Ft View Prior Sale
05/18/2012 05/18/12 For Sale $1,250,000 -- $487 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $26,709 $2,227,474 $423,421 $1,804,053
2024 $26,709 $2,183,799 $415,119 $1,768,680
2023 $26,179 $2,140,980 $406,980 $1,734,000
2022 $25,035 $2,099,000 $399,000 $1,700,000
2021 $22,079 $1,831,852 $550,102 $1,281,750
2019 $21,418 $1,777,521 $533,787 $1,243,734
2018 $21,364 $1,742,669 $523,321 $1,219,348
2016 $16,002 $1,300,292 $650,146 $650,146
2015 $15,771 $1,280,762 $640,381 $640,381
2014 $15,806 $1,255,674 $627,837 $627,837
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Terri Miller

    Tempo Realty

    (626) 824-2336

    3 in this area

    18 Total Sales

    Terri Miller
    Section Image
  • Monika Bruegl

    Seller Co-Listing Agent in 2021

    Monika Bruegl

    Tempo Realty

    (626) 390-0229

    2 in this area

    24 Total Sales

    Monika Bruegl
    Section Image

  • B

    Buyer's Agent in 2021

    Blas Fernandez

    JohnHart Real Estate

    (818) 246-1099

    1 in this area

    17 Total Sales

    Blas Fernandez
    Section Image

  • J

    Buyer Co-Listing Agent in 2021

    Joanna Ashkar

    JohnHart Real Estate

  • Russell Roney

    Seller's Agent in 2016

    Russell Roney

    Keller Williams Larchmont

    (323) 697-5157

    19 in this area

    22 Total Sales

    Russell Roney
    Section Image

  • T

    Buyer's Agent in 2016

    Terry Shelton

See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-6322

Pasadena-Foothills Association of REALTORS®

APN: 5163-006-051

California Los Angeles County Los Angeles 90012 Downtown LA

940 E 2nd St Unit 1, Los Angeles, CA

Not Listed for Sale

Condos

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