NOT LISTED FOR SALE

Estimated Value: $1,191,000 - $1,485,000

2 Beds
3 Baths
1,332 Sq Ft
$404/mo HOA Fee

Last Sold December 20, 2021

Last sale price $1,200,000 $901 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,504/month

45 Days on Market

Highlights

  • Gated Community
  • 1.01 Acre Lot
  • High Ceiling
  • City Lights View
  • Wood Flooring
  • 1 Car Direct Access Garage

About This Home

As of December 2021

Live in the heart of the super hip COVETED ARTS DISTRICT! Originally a sugar beet factory and updated by architect John Packinson in the 1920's, this truly unique residence was reimagined with an AIA awarding winning conversion by Rockefeller Partners in 2011. This stunning architectural loft showcases its beautiful lines, soaring ceilings, and light filled spaces all against the back drop of the original details of exposed brick, industrial concrete and steels beams. The entry level bottom floor has direct access from your designated parking spot. This space can be used as an office, bedroom or studio and has a full bath. Recently installed a sliding door/wall for total privacy. The middle floor provides an open gourmet kitchen-living room for entertaining. Another direct entry parking space that includes a car charger and bike rack. The 3rd floor master retreat has a walk in closet and lovely roof top terrace to relax and take it the city lights. The original details are accented

Last Agent to Sell the Property

Ashley Rogers

Keller Williams Realty Calabasas License #01427872 Listed on: 10/06/2021

Keller Williams Realty Calabasas

Last Buyer's Agent

Mary Regal

License #01963054

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1906 | Remodeled

Lot Details

  • 1.01

HOA Fees

  • $404 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Automatic Gate
  • Assigned Parking
  • Controlled Entrance

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,332 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Skylights
  • Custom Window Coverings
  • Dining Area
  • City Lights Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry closet
  • Stacked Washer and Dryer Hookup

Home Security

  • Alarm System
  • Security Lights

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Open Patio
  • Gated Home

Listing and Financial Details

  • Assessor Parcel Number 5163-006-061

Community Details

Overview

  • 38 Units

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1906 | Remodeled

Lot Details

0

HOA Fees

$404 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Complex Name: 940 E 2nd St Owner's Association
  • Entry Floor: 0
  • Entry Location: Ground Level w/steps
  • Living Area: 1332
  • Lot Acreage: 1.0060
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Year Built: 1906
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Eating Areas: Dining Area
  • Laundry: In Unit, Laundry Closet Stacked
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Cable, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator, Stackable W/D Hookup
  • Price Per S Q F T: 900.15
  • Windows: Custom Window Covering, Skylights

Exterior Features

  • Construction: Brick, Wood Siding
  • Other Features: High Ceilings (9 Feet+)
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Metal
  • View: City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Assigned, Auto Driveway Gate, Controlled Entrance, Direct Entrance
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Exterior Security Lights, Fire and Smoke Detection System, Gated, Prewired for alarm system

Association/Amenities

  • Amenities: Controlled Access, Gated Community
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 403.68
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5163-006-061
  • Lot Size Area: 43803

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2019
Closed on
Oct 3, 2019
Sold by
Chang Joel H
Bought by
Lowy Andrew Patrick and Mckeon Kevin J
Seller's Agent
Iris Trent Siff
COMPASS
Buyer's Agent
Ashley Rogers
Keller Williams Realty Calabasas
List Price
$1,149,000
Sold Price
$1,100,000
Premium/Discount to List
-$49,000
-4.26%
Current Estimated Value
$1,310,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,437
Avg. Annual Appreciation
2.84%
Original Mortgage
$880,000
Outstanding Balance
$771,128
Interest Rate
3.62%
Estimated Equity
$539,309

Purchase Details

Closed on
Apr 17, 2012
Sold by
Cjuf Iii Barn Lofts Llc
Bought by
Chang Joel H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,900
Interest Rate
3.84%
Mortgage Type
New Conventional
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
Lowy Andrew Patrick $1,100,000 Provident Title Company
Chang Joel H $540,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lowy Andrew Patrick $880,000
Previous Owner Chang Joel H $485,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2021 12/20/21 Sold $1,200,000 +0.1% $901 / Sq Ft
11/20/2021 11/20/21 Pending -- -- --
11/02/2021 11/02/21 Price Changed $1,199,000 -4.1% $900 / Sq Ft
10/06/2021 10/06/21 For Sale $1,250,000 +13.6% $938 / Sq Ft
10/22/2019 10/22/19 Sold $1,100,000 -3.1% $826 / Sq Ft View Prior Sale
10/09/2019 10/09/19 Pending -- -- --
09/09/2019 09/09/19 Price Changed $1,135,000 -1.2% $852 / Sq Ft
07/18/2019 07/18/19 For Sale $1,149,000 -- $863 / 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 $15,535 $1,273,449 $822,436 $451,013
2024 $15,371 $1,248,480 $806,310 $442,170
2023 $15,067 $1,224,000 $790,500 $433,500
2022 $14,361 $1,200,000 $775,000 $425,000
2021 $13,343 $1,111,396 $277,849 $833,547
2019 $7,500 $608,025 $247,713 $360,312
2018 $7,466 $596,104 $242,856 $353,248
2016 $7,154 $572,959 $233,427 $339,532
2015 $7,052 $564,353 $229,921 $334,432
2014 $7,070 $553,299 $225,418 $327,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-792560

The MLS

APN: 5163-006-061