NOT LISTED FOR SALE

940 E 2nd St Unit 3 Los Angeles, CA 90012

Downtown LA Neighborhood

Estimated Value: $1,169,512 - $1,880,000

2 Beds
3 Baths
1,320 Sq Ft
1 Acres

Last Sold May 28, 2019

Last sale price $1,185,000 $898 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,394/month

9 Days on Market

About This Home

As of May 2019

Iconic 940 E. 2nd Street (aka "Barn Lofts") set the standard for elegant loft living in the Arts District. The unique design of this town home-style loft on 3 floors set a standard that has yet to be matched. Originally built in 1906 as a sugar beet railroad warehouse, 940 was re-imagined by award-winning architect Rocky Rockefeller and was transformed into stunning, light-filled lofts combining the best of the rustic, industrial feel of the red brick building with streamlined European styling. This loft comes with 2 bedrooms/2.5 baths and among its many features are: parking at the front door inside a secure parking lot perfect for security and/or privacy-minded owners; private outdoor patio on the 3rd floor; custom bathroom cabinetry made from repurposed wood from the original 1906 warehouse; and highly prized secure guest parking. Perhaps the greatest amenity, however, is the fact that the property is strategically located in the heart of the burgeoning Arts District!

Last Agent to Sell the Property

Wayne A. Willbur

Deasy Penner & Partners License #01716358 Listed on: 04/18/2019

Co-Listed By

Steven portigiani

Compass License #01337352

Last Buyer's Agent

Ed Schlesier

License #1032592

Property Details

Home Type

Condominium

Year Built

1906

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Style: Contemporary
  • Building Type: Condominium
  • Year Built: 1906
  • Price Per Sq Ft: 909.09
  • Unit Floor In Building: 1
  • Special Features: None

Interior Features

  • Equipment: Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Microwave, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Stackable W/D Hookup
  • Flooring: Cement, Hardwood
  • Bedrooms: 2
  • Half Bathroom: 1
  • Total Bathrooms: 3.00
  • Three Quarter Bathrooms: 2
  • Dining Room: 1
  • Laundry: In Unit
  • Living Area: 1320

Exterior Features

  • Entry Floor: 1

Garage/Parking

  • Garage Details: Community Garage, Controlled Entrance, Covered Parking
  • Total Parking: 1
  • Covered Parking: 1

Utilities

  • Security: Automatic Gate, Card/Code Access, Exterior Security Lights, Fire Sprinklers, Gated, Smoke Detector
  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Fees Include: Building and Grounds, Gas
  • HOA Fee Frequency: Monthly
  • HOA Fees: 405.00
  • Complex Name: 940 E. 2nd Street HOA
  • HOA: Yes
  • Amenities: Assoc Pet Rules, Controlled Access, Gated Parking

Association/Amenities

  • Pet Rules: Assoc Pet Rules, Yes

Lot Info

  • Zoning: LAM3
  • Special Zoning: Flood
  • Assessor Parcel Number: 5163-006-053
  • Lot Size Area: 43803

Multi Family

  • Number Of Units: 38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2019
Closed on
May 1, 2019
Sold by
Kerry R Bensinger Revocable Trust
Bought by
Lin Cindy Xin Yee
Seller's Agent
Wayne A. Willbur
Deasy Penner & Partners
Buyer's Agent
Ed Schlesier
List Price
$1,200,000
Sold Price
$1,185,000
Premium/Discount to List
-$15,000
-1.25%
Current Estimated Value
$1,360,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,628
Avg. Annual Appreciation
2.10%

Purchase Details

Closed on
Feb 12, 2014
Sold by
Bensinger Kerry
Bought by
Bensinger Kerry R and Kerry R Bensinger Revocable Tr

Purchase Details

Closed on
Jul 10, 2012
Sold by
Cjuf Iii Barn Lofts Llc
Bought by
Bensinger Kerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lin Cindy Xin Yee $1,185,000 Lawyers Title Company
Bensinger Kerry R -- None Available
Bensinger Kerry $565,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bensinger Kerry $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2019 05/28/19 Sold $1,185,000 -1.3% $898 / Sq Ft
04/27/2019 04/27/19 Pending -- -- --
04/18/2019 04/18/19 For Sale $1,200,000 -- $909 / Sq Ft
Source: California Desert 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 $15,944 $1,321,884 $390,429 $931,455
2024 $15,944 $1,295,966 $382,774 $913,192
2023 $15,629 $1,270,556 $375,269 $895,287
2022 $14,897 $1,245,644 $367,911 $877,733
2021 $14,719 $1,221,221 $360,698 $860,523
2019 $6,713 $623,702 $248,376 $375,326
2018 $7,569 $611,473 $243,506 $367,967
2016 $7,249 $587,730 $234,051 $353,679
2015 $7,145 $578,903 $230,536 $348,367
2014 $7,161 $567,564 $226,021 $341,543
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2019

    Wayne A. Willbur

    Deasy Penner & Partners

  • S

    Seller Co-Listing Agent in 2019

    Steven portigiani

    Compass

    Section Image

  • E

    Buyer's Agent in 2019

    Ed Schlesier

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 19-456446

California Desert Association of REALTORS®

APN: 5163-006-053

California Los Angeles County Los Angeles 90012 Downtown LA

940 E 2nd St Unit 3, Los Angeles, CA

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes