NOT LISTED FOR SALE

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

Downtown LA Neighborhood

Estimated Value: $1,556,000 - $2,708,000

2 Beds
3 Baths
2,270 Sq Ft
$419/mo HOA Fee

Last Sold October 06, 2017

Last sale price $1,600,000 $705 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $12,385/month

87 Days on Market

Highlights

  • Gated Parking
  • City Lights View
  • Wood Flooring
  • Felicitas and Gonzalo Mendez High Rated A-
  • 43,803 Sq Ft lot
  • Living Room

About This Home

As of October 2017

Best location in the DTLA Arts District! Steps from the best restaurants & shopping the Arts District has to offer- Hauser Wirth Gallery, Manuela, Cafe Gratitude, Pie Hole, Salt & Straw, Wurstkuche & Bestia. This private, corner, townhome loft features 2270sf of interior living space on three naturally lit levels, infused with exposed brick walls, designer finishes, and outdoor spaces. Originally built in 1906 as a sugar beet factory and reimagined in 2011 with wide plank hardwood floors, custom doors, exposed steel beams, skylights and clerestory windows. An expansive floorplan boasts 2 bedrooms, 2.5 baths, a first-floor patio, living room with exposed brick walls, vaulted ceilings, a chef's kitchen with stainless steel appliances and farmhouse sink. The large penthouse-level master suite features a walk-in closet, luxurious master bathroom with dual sinks, glass shower, jetted bath tub and leads to a private deck. Two parking spaces are located directly outside of the unit

Last Agent to Sell the Property

Dominic Labriola

Craft & Bauer Real Estate Co. License #01905889 Listed on: 05/04/2017

Co-Listed By

Tara Hotchkis

Compass License #01377779

Last Buyer's Agent

Michael Allen

Michael Anthony Allen License #01719836

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,960

Year Built

  • Built in 1906

Lot Details

  • 1.01

HOA Fees

  • $419 Monthly HOA Fees

Interior Spaces

  • 2,270 Sq Ft Home
  • Living Room
  • Dining Room
  • City Lights Views
  • Laundry Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Parking

  • Garage
  • Garage Door Opener
  • Gated Parking

Additional Features

  • Open Patio
  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5163-006-052

Community Details

Overview

  • 38 Units

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,960

Year Built

Built in 1906

Lot Details

0

HOA Fees

$419 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: 940 E 2ND
  • Entry Floor: 1
  • Living Area: 2270
  • Planned Urban Dev: 0
  • Unit Floor In Building: 1
  • Year Built: 1906
  • Number Of Photos: 38
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Cement, Hardwood
  • Bedrooms: 2
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Hood Fan, Microwave, Network Wire, Range/Oven
  • Price Per S Q F T: 726.43

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Community Garage, Door Opener, Gated

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Association/Amenities

  • Amenities: Controlled Access
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 418.78
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5163-006-052
  • Geocode Override: No
  • Lot Size Area: 43803

Multi Family

  • Number Of Units: 38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2017
Sold by
Sachs Christopher A
Bought by
940 E 2Nd Street Llc
Current Estimated Value
$1,851,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,483,300
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2013
Sold by
Cjuf Iii Barn Lofts Llc
Bought by
Sachs Christopher A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
940 E 2Nd Street Llc $1,600,000 First American Title Company
Sachs Christopher A $1,200,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 940 E 2Nd Street Llc $1,483,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2017 10/06/17 Sold $1,600,000 -3.0% $705 / Sq Ft
07/30/2017 07/30/17 Pending -- -- --
07/14/2017 07/14/17 Price Changed $1,649,000 -2.9% $726 / Sq Ft
05/04/2017 05/04/17 For Sale $1,699,000 -- $748 / 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 $21,960 $1,820,521 $546,155 $1,274,366
2024 $21,960 $1,784,826 $535,447 $1,249,379
2023 $21,525 $1,749,831 $524,949 $1,224,882
2022 $20,520 $1,715,521 $514,656 $1,200,865
2021 $20,273 $1,681,884 $504,565 $1,177,319
2019 $19,666 $1,632,000 $489,600 $1,142,400
2018 $19,614 $1,600,000 $480,000 $1,120,000
2017 $0 $1,273,246 $477,467 $795,779
2016 $15,340 $1,248,281 $468,105 $780,176
2015 $15,118 $1,229,532 $461,074 $768,458
2014 $15,153 $1,205,448 $452,043 $753,405
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Dominic Labriola

    Craft & Bauer Real Estate Co.

    Section Image
  • Tara Hotchkis

    Seller Co-Listing Agent in 2017

    Tara Hotchkis

    Compass

    (310) 739-0747

    21 Total Sales

    Section Image

  • M

    Buyer's Agent in 2017

    Michael Allen

    Michael Anthony Allen

See All Agents

Map

Source: The MLS

MLS Number: 17-227588

The MLS

APN: 5163-006-052

California Los Angeles County Los Angeles 90012 Downtown LA

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

This home is located at 940 E 2nd St Unit 2, Los Angeles, CA 90012 since 04 May 2017 and is currently estimated at $1,904,317, approximately $838 per square foot. This property was built in 1906. 940 E 2nd St Unit 2 is a home located in Los Angeles County with nearby schools including Utah Street Elementary, Felicitas and Gonzalo Mendez High, and Theodore Roosevelt High School.

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