$1,629,000
SOLD MAY 14, 2025
2 Beds
2.5 Baths
2,440 Sq Ft
$581/mo HOA Fee

Recently Sold

$668 Per Sq Ft

12% Below List Price

60 Days on Market

Highlights

  • City Lights View
  • 1.01 Acre Lot
  • Loft
  • Felicitas and Gonzalo Mendez High Rated A-
  • Wood Flooring
  • Den

About This Home

As of May 2025

Discover an incredible opportunity to own a New York-style live-work loft right here in Downtown Los Angeles. This swanky three-story unit is in the lively Arts District neighborhood and boasts the perfect blend of interior and exterior architectural accents, historic charm, and modern conveniences. Originally built in 1906 to store sugar beets and then reborn in 2011 into 38 Luxury live/work townhome style lofts, you won't want to miss this unique offering. 940 E. 2nd Street is one of the Art District's best-kept secrets, and unit #36 stands tall with 2440 sq feet and three unique levels of live, work, and entertainment space. Enter from the street level or garage and discover the perfect blend of concrete, exposed brick, and high ceilings to unleash your creativity and elevate your productivity. The space is flexible in design and encompasses a mezzanine level and outdoor patio. Three private parking spaces await nearby for convenience. The main level is where you will find an expansive modern kitchen and living room area where sleek design meets functionality. The open layout invites seamless flow, making it the perfect setting for entertaining guests. A large center island provides ample workspace and doubles as a casual gathering spot, while stylish cabinetry and a walk-in pantry offer plenty of storage for all your culinary essentials. The upper level is a spacious master bedroom retreat with a custom-built walk-in closet, dual sink reclaimed wood vanity, and an outdoor terrace. The perfect place to relax and unwind. Natural light seeps in at all levels and into the original brick walls, exposed steel beams, and vaulted ceilings through a combination of skylights, custom-made doors and windows, and operable clerestory windows. What was once an industrial zone and low-cost haven for practicing artists is now L.A.'s Arts District a trendy, burgeoning urban hub for creative professionals, professional creatives, and everyone else in between. These days, the neighborhood has become one of the most exciting places to dine in all of Los Angeles, and it's long been a great place to hang out on the weekends with the numerous breweries and cocktail bars. Daytime attractions include community coffee shops, designer and local boutiques, art galleries, the 6th Street Bridge, and so much more. Easy access to the freeway and public transportation.

Last Agent to Sell the Property

Greg Stangl

The Agency License #01440433 Listed on: 03/03/2025

The Agency

Co-Listed By

Media Moussavy

The Agency License #01946821

Last Buyer's Agent

Angelica Vazquez Rios

LightHouse Homesource Inc. License #02027991

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,682

Year Built

  • Built in 1906

HOA Fees

  • $581 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 1 Open Parking Space
  • 1 Carport Space
  • Automatic Gate
  • Assigned Parking
  • Controlled Entrance

Interior Spaces

  • 2,440 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Dining Area
  • Den
  • Loft
  • Utility Room
  • City Lights Views
  • Security Lights

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Oven or Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Open Patio

Utilities

  • Central Heating
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 5163-006-086

Community Details

Overview

  • 38 Units

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,682

Year Built

Built in 1906

Lot Details

0

HOA Fees

$581 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: Three Or More
  • Street Number Display: Yes
  • Complex Name: 940 E Second Street
  • Entry Floor: 1
  • Living Area: 2440
  • Lot Acreage: 1.0059
  • Planned Urban Dev: 0
  • Stories: 3
  • Unit Floor In Building: 1
  • Year Built: 1906
  • Number Of Photos: 74
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Tile, Cement
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Garbage Disposal, Microwave, Range/Oven, Refrigerator, Vented Exhaust Fan, Dryer, Dishwasher, Washer
  • Price Per S Q F T: 757.79

Exterior Features

  • Balcony: Yes
  • Pool: No
  • View: City Lights, Walk Street, Tree Top
  • View: Yes

Garage/Parking

  • Carport Spaces: 1
  • Garage Spaces: 2
  • Other Spaces: 1
  • Covered Parking: 2
  • Parking Garage: Assigned, Attached, Controlled Entrance, Direct Entrance, Private Garage
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Automatic Gate, Card/Code Access, Exterior Security Lights

Association/Amenities

  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 581.00
  • Mgmt Co 2: 940 E Second Street
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5163-006-086
  • Lot Size Area: 43816

Rental Info

  • Lease Option: 1

Multi Family

  • Number Of Units: 38

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 Sold $1,629,000 -11.9% $668 / Sq Ft
05/02/2025 05/02/25 Pending -- -- --
03/03/2025 03/03/25 For Sale $1,849,000 +47.9% $758 / Sq Ft
09/12/2012 09/12/12 Sold $1,250,000 0.0% $556 / Sq Ft
09/11/2012 09/11/12 For Sale $1,250,000 -- $556 / 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
2024 $18,682 $1,509,094 $301,816 $1,207,278
2023 $18,314 $1,479,505 $295,899 $1,183,606
2022 $17,461 $1,450,497 $290,098 $1,160,399
2021 $17,248 $1,422,057 $284,410 $1,137,647
2019 $16,734 $1,379,879 $275,975 $1,103,904
2018 $16,686 $1,352,823 $270,564 $1,082,259
2016 $15,987 $1,300,293 $260,058 $1,040,235
2015 $15,756 $1,280,762 $256,152 $1,024,610
2014 $15,792 $1,255,675 $251,135 $1,004,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25501607

The MLS

APN: 5163-006-086