NOT LISTED FOR SALE

940 E 2nd St Unit 38 Los Angeles, CA 90012

Downtown LA Neighborhood

Estimated Value: $1,603,000 - $2,698,000

2 Beds
3 Baths
2,340 Sq Ft
$411/mo HOA Fee

Last Sold June 08, 2017

Last sale price $1,630,000 $697 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $12,558/month

11 Days on Market

Highlights

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

About This Home

As of June 2017

Originally built in 1906, this historic sugar beet factory may be the sweetest, luxury loft in DTLA Arts District. This corner unit is 2300sq ft and 4 stories of light filled space with exposed brick walls, steel beams, wide plank wood floors, skylights, & clerestory windows. Open loft-style living rm with vaulted ceilings, dining area and chef's kitchen with Viking & Sub Zero appliances. Penthouse master suite features deluxe Waterworks bath, walk-in closet & access to private covered rooftop patio. Ground level bedroom/office/full bath w/separate entrance and direct access to 2 pkg spaces. Hauser Wirth & Schimmel gallery, Bestia, Salt & Straw, Caf Gratitude, Goldline, local dog park, and hip shops are all just a stones throw away. Luxurious, artistic living at it's best.

Last Agent to Sell the Property

Anthony Stellini

Compass License #01710680 Listed on: 05/19/2017

Compass

Co-Listed By

Sherri Rogers

Compass License #01420104

Last Buyer's Agent

Lotoya Bailey

Nourmand & Associates-HW License #01963044

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,812

Year Built

  • Built in 1906

Lot Details

  • 1.01

HOA Fees

  • $411 Monthly HOA Fees

Interior Spaces

  • 2,340 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Den
  • Loft
  • City Lights Views
  • Security System Owned

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Powder Room
  • 3 Full Bathrooms

Laundry

  • Laundry closet
  • Stacked Washer and Dryer Hookup

Parking

  • 2 Covered Spaces
  • Covered Parking
  • Gated Parking
  • On-Street Parking
  • Assigned Parking
  • Controlled Entrance

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 5163-006-088

Community Details

Overview

  • 38 Units

Pet Policy

  • Pets Allowed

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,812

Year Built

Built in 1906

Lot Details

0

HOA Fees

$411 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: 940 E. 2nd Street
  • Entry Floor: 1
  • Living Area: 2340
  • Planned Urban Dev: 1
  • 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: 0
  • Family Room: 0
  • Laundry: In Closet
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Alarm System, Ceiling Fan, Dishwasher, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Stackable W/D Hookup
  • Price Per S Q F T: 726.07

Exterior Features

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

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Controlled Entrance, Covered Parking, On street

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated, Owned

Association/Amenities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 411.15
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5163-006-088
  • Geocode Override: No
  • Lot Size Area: 43803

Multi Family

  • Number Of Units: 38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2017
Closed on
Jun 5, 2017
Sold by
Aileen Llc
Bought by
1334 Partners Lp
Seller's Agent
Anthony Stellini
Compass
Buyer's Agent
Lotoya Bailey
Nourmand & Associates-HW
List Price
$1,699,000
Sold Price
$1,630,000
Premium/Discount to List
-$69,000
-4.06%
Current Estimated Value
$1,880,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,574
Avg. Annual Appreciation
2.09%

Purchase Details

Listed on
Feb 1, 2013
Closed on
Mar 19, 2013
Sold by
Cjuf Iii Barn Lofts Llc
Bought by
Aileen Llc
Seller's Agent
Jason Kitchens
VIP Premier Realty Corp
Buyer's Agent
Anthony Stellini
Compass
List Price
$1,195,000
Sold Price
$1,200,000
Premium/Discount to List
$5,000
0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
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
1334 Partners Lp $1,630,000 First American Title Company
Aileen Llc $1,200,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parkview East Llc $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2017 06/08/17 Sold $1,630,000 -4.1% $697 / Sq Ft
05/19/2017 05/19/17 For Sale $1,699,000 +41.6% $726 / Sq Ft
03/22/2013 03/22/13 Sold $1,200,000 +0.4% $559 / Sq Ft
02/01/2013 02/01/13 For Sale $1,195,000 -- $557 / 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 $22,812 $1,891,750 $568,684 $1,323,066
2024 $22,812 $1,854,658 $557,534 $1,297,124
2023 $22,361 $1,818,293 $546,602 $1,271,691
2022 $21,316 $1,782,641 $535,885 $1,246,756
2021 $21,060 $1,747,688 $525,378 $1,222,310
2019 $20,429 $1,695,852 $509,796 $1,186,056
2018 $20,376 $1,662,600 $499,800 $1,162,800
2016 $15,353 $1,248,282 $624,141 $624,141
2015 $15,131 $1,229,532 $614,766 $614,766
2014 $15,165 $1,205,448 $602,724 $602,724
Source: Public Records

Agents Affiliated with this Home

  • Anthony Stellini

    Seller's Agent in 2017

    Anthony Stellini

    Compass

    (310) 888-3378

    1 in this area

    133 Total Sales

    Section Image
  • Sherri Rogers

    Seller Co-Listing Agent in 2017

    Sherri Rogers

    Compass

    (323) 810-1473

    93 Total Sales

    Section Image
  • Lotoya Bailey

    Buyer's Agent in 2017

    Lotoya Bailey

    Nourmand & Associates-HW

    (310) 261-2915

    48 Total Sales

    Section Image

  • J

    Seller's Agent in 2013

    Jason Kitchens

    VIP Premier Realty Corp

    (310) 739-1713

    Section Image
  • Wayne A. Willbur

    Seller Co-Listing Agent in 2013

    Wayne A. Willbur

    Compass

    (310) 275-1000

    5 in this area

    7 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 17-232624

The MLS

APN: 5163-006-088

California Los Angeles County Los Angeles 90012 Downtown LA

940 E 2nd St Unit 38, Los Angeles, CA

This home is located at 940 E 2nd St Unit 38, Los Angeles, CA 90012 since 19 May 2017 and is currently estimated at $1,930,799, approximately $825 per square foot. This property was built in 1906. 940 E 2nd St Unit 38 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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