NOT LISTED FOR SALE

940 E 2nd St Unit 7 Los Angeles, CA 90012

Downtown LA Neighborhood

Estimated Value: $993,548 - $1,568,000

2 Beds
3 Baths
1,360 Sq Ft
1.01 Acres

Last Sold April 21, 2015

Last sale price $870,000 $640 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $8,235/month

Highlights

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

About This Home

As of May 2015

Stunning 3-level live/work loft w/direct access to 1 covered pkg space outside the rear door. No units above or below. This historic 1906 warehouse was totally reimagined in 2011. Much of the original character remains: exposed brick walls, steel beams, skylights, wide-plank hardwood & concrete floors, vaulted ceilings. Sophisticated amenities include European designed kitchen w/ Caesar stone counter tops, S/S appliances & washer/dryer in unit, Waterworks plumbing fixtures, cable TV and Internet ready. Custom wood frame door & window open to lower level office/bedroom w/ en suite bathroom. Loft-style living rm, dining area, kitchen and half bath occupy the mid level. Top floor master suite features walk-in closet, spacious full bath and access to pvt. rooftop patio. On-site guest pkg. Safe, quiet, gated complex walkable to SciArc, Goldline, DASH bus, Little Tokyo, local dog park, hip new eateries, shops, galleries, taverns. All in the burgeoning Arts District. SEE REMARKS FOR SHOWINGS

Last Agent to Rent the Property

Russell Roney

Keller Williams Larchmont License #01789873 Listed on: 04/22/2015

Keller Williams Larchmont

Last Renter's Agent

Russell Roney

Keller Williams Larchmont License #01789873 Listed on: 04/22/2015

Keller Williams Larchmont

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,701

Year Built

  • Built in 1906

Lot Details

  • 1.01

Property Views

  • Bridge
  • City

Interior Spaces

  • 1,360 Sq Ft Home
  • 3-Story Property
  • Loft
  • Intercom

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Car Direct Access Garage
  • Gated Parking
  • Guest Parking
  • Controlled Entrance

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $3,800
  • $150 Move-In Fee
  • Tenant pays for cable TV, electricity, move in fee, move out fee, special
  • 1-Month Minimum Lease Term
  • 12 Month Lease Term
  • Assessor Parcel Number 5163-006-057

Community Details

Overview

  • 38 Units
  • Prime Association Services Association

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Controlled Access
  • Gated Community

Condo Details

Home Type

Condominium

Est. Annual Taxes

$12,701

Year Built

Built in 1906

Lot Details

0

Rental Info

  • Lease Length: 1
  • Not Included In Rent: Electric, Cable TV, Internet
  • Rent Control: No
  • Rent Excludes: Mortgage, HOA Fees Taxes
  • Security Deposit: 3800
  • Tenant Pays: Cable TV, Electricity, Move In Fee, Move Out Fee, Special
  • Total Move In Costs: 150.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Style: Architectural
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: 940 E. 2nd Street
  • Entry Floor: 1
  • Lease Terms: 1+Year
  • Living Area: 1360
  • Monthto Month: No
  • Planned Urban Dev: 0
  • Stories: 3
  • Unit Floor In Building: 1
  • Year Built: 1906
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Number Of Remote Controls: 1
  • Flooring: Carpet, Cement, Hardwood
  • Bedrooms: 2
  • Fireplaces: 0
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Cable, Dishwasher, Dryer, Garbage Disposal, Intercom, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: No
  • Price Per S Q F T: 2.79

Exterior Features

  • Balcony: Patio
  • Tennis Court Y/N: No
  • Exposure: SE
  • Pool: No
  • View: Bridge, City
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Community Garage, Controlled Entrance, Covered Parking, Direct Entrance, Parking for Guests - Onsite
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Assoc Pet Rules, Controlled Access, Gated Community, Gated Parking
  • Pet Rules: Call

Condo/Co-op/Association

  • Management Company: Prime Association Services
  • Unit Location: N/A

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5163-006-057
  • 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
Oct 14, 2015
Sold by
Chang Michael
Bought by
Chang Michael and 2015 Michael Chang Trust
Current Estimated Value
$1,310,719

Purchase Details

Listed on
Apr 22, 2015
Closed on
Apr 9, 2015
Sold by
Condon Roy M and Condon Jody M
Bought by
Chang Michael
Seller's Agent
Russell Roney
Keller Williams Larchmont
Buyer's Agent
Russell Roney
Keller Williams Larchmont
Sold Price
$3,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%

Purchase Details

Closed on
Jun 12, 2012
Sold by
Cjuf Iii Barn Lofts Llc
Bought by
Condon Roy M and Condon Jody M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,095
Interest Rate
3.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Chang Michael -- None Available
Chang Michael $870,000 Lawyers Title
Condon Roy M $543,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Condon Roy M $489,095
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2015 05/16/15 Rented $3,800 0.0% --
05/16/2015 05/16/15 Under Contract -- -- --
04/22/2015 04/22/15 For Rent $3,800 0.0% --
04/21/2015 04/21/15 Sold $870,000 +1.2% $640 / Sq Ft
04/06/2015 04/06/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $859,500 -- $632 / 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 $12,701 $1,045,599 $420,641 $624,958
2024 $12,701 $1,025,098 $412,394 $612,704
2023 $12,450 $1,004,999 $404,308 $600,691
2022 $11,868 $985,294 $396,381 $588,913
2021 $11,725 $965,975 $388,609 $577,366
2019 $11,376 $937,326 $377,084 $560,242
2018 $11,336 $918,948 $369,691 $549,257
2016 $10,861 $883,267 $355,337 $527,930
2015 $7,021 $568,011 $229,921 $338,090
2014 $7,037 $556,886 $225,418 $331,468
Source: Public Records

Agents Affiliated with this Home

  • Russell Roney

    Landlord's Agent in 2015

    Russell Roney

    Keller Williams Larchmont

    (323) 697-5157

    18 in this area

    21 Total Sales

    Section Image

  • A

    Seller's Agent in 2015

    Alex LiMandri

    Urban Residential Brokerage, Inc.

    Section Image
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Map

Source: The MLS

MLS Number: 15-898591

The MLS

APN: 5163-006-057

California Los Angeles County Los Angeles 90012 Downtown LA

940 E 2nd St Unit 7, Los Angeles, CA

This home is located at 940 E 2nd St Unit 7, Los Angeles, CA 90012 since 22 April 2015 and is currently priced at $1,207,137. This property was built in 1906. 940 E 2nd St Unit 7 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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