NOT LISTED FOR SALE

Estimated Value: $435,000 - $530,000

1 Bed
1 Bath
868 Sq Ft
$870/mo HOA Fee

Last Sold May 06, 2024

Last sale price $495,000 $570 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,027/month

26 Days on Market

Highlights

  • 24-Hour Security
  • Gated Parking
  • Clubhouse
  • In Ground Pool
  • 1.72 Acre Lot
  • 2-minute walk to Grand Hope Park

About This Home

As of May 2024

Welcome to your modern sanctuary in the heart of Downtown Los Angeles. This contemporary mid-rise condominium offers urban living with its sleek design and convenient location. This open concept one bedroom features modern kitchen with stainless steel appliances, cement floors, high ceiling, spacious walk-in closet, and floor to ceiling window leading to balcony next to pool and courtyard. Market Lofts offers full resort style amenities, conveniently located on the same level as unit, including swimming pool & spa, clubhouse, BBQ grill, fitness center, media room and 24/7 attended lobby. Also walking distance to L.A. Live, shops and top restaurants. With its prime location, modern amenities, this mid-rise condo offers the ultimate lifestyle in the heart of downtown L.A. Must see!

Last Agent to Sell the Property

Julia Ryu

Dream Realty & Investments Inc License #01441600 Listed on: 02/28/2024

Dream Realty & Investments Inc

Last Buyer's Agent

Vladimir Bendelja

Wealth Managers, Inc. License #02209756

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,871

Year Built

  • Built in 2006

Lot Details

  • 1.72

HOA Fees

  • $870 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 868 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Loft
  • Concrete Flooring
  • Property Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 1 Car Garage
  • Gated Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Enclosed Patio or Porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5144-027-042

Community Details

Overview

  • 267 Units
  • High-Rise Condominium
  • 7-Story Property

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,871

Year Built

Built in 2006

Lot Details

0

HOA Fees

$870 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: High or Mid-Rise Condo
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Market Lofts
  • Entry Floor: 2
  • Living Area: 868
  • Lot Acreage: 1.7158
  • Planned Urban Dev: 0
  • Stories: 7
  • Unit Floor In Building: 2
  • Year Built: 2006
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Stained Concrete
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Ceiling Fan, Microwave, Hood Fan, Washer, Refrigerator, Range/Oven, Dishwasher, Dryer
  • Price Per S Q F T: 570.00

Exterior Features

  • Pool Description: Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Garage
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Smoke Detector, Community, Carbon Monoxide Detector(s)

Association/Amenities

  • Amenities: Assoc Barbecue, Clubhouse, Security, Spa, Pool, Gated Parking, Gated Community Guard
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 870.39
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5144-027-042
  • Lot Size Area: 74742

Rental Info

  • Lease Option: 1

Multi Family

  • Number Of Units: 267

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2024
Closed on
Apr 29, 2024
Sold by
Sangil Chun
Bought by
Gaddam Sowjanya
Seller's Agent
Julia Ryu
Dream Realty & Investments Inc
Buyer's Agent
Vladimir Bendelja
Wealth Managers, Inc.
List Price
$495,000
Sold Price
$495,000
Views
38
Current Estimated Value
$488,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,189
Avg. Annual Appreciation
-0.87%
Original Mortgage
$445,500
Outstanding Balance
$430,986
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$57,825

Purchase Details

Closed on
Oct 14, 2008
Sold by
Lim Kaesoon
Bought by
Chun Sangil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2008
Sold by
9Th Street Market Lofts Llc
Bought by
Chun Sangil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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
Gaddam Sowjanya $495,000 Provident Title
Chun Sangil -- First American Title Ins Co
Chun Sangil $440,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaddam Sowjanya $445,500
Previous Owner Chun Sangil $308,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2024 05/06/24 Sold $495,000 0.0% $570 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $495,000 0.0% $570 / Sq Ft
10/01/2023 10/01/23 Rented $2,300 0.0% --
09/06/2023 09/06/23 For Rent $2,300 +15.0% --
05/14/2021 05/14/21 Rented $2,000 -4.8% --
03/13/2021 03/13/21 Price Changed $2,100 -2.3% $3 / Sq Ft
02/26/2021 02/26/21 For Rent $2,150 -2.3% --
02/24/2017 02/24/17 Rented $2,200 -2.2% --
01/19/2017 01/19/17 For Rent $2,250 +2.3% --
08/02/2015 08/02/15 Rented $2,200 0.0% --
07/01/2015 07/01/15 For Rent $2,200 -- --
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 $6,871 $504,900 $353,430 $151,470
2024 $6,871 $555,491 $227,244 $328,247
2023 $6,737 $544,600 $222,789 $321,811
2022 $6,423 $533,922 $218,421 $315,501
2021 $6,339 $523,454 $214,139 $309,315
2019 $6,147 $507,931 $207,789 $300,142
2018 $6,136 $497,972 $203,715 $294,257
2016 $5,866 $478,637 $195,805 $282,832
2015 $5,776 $471,448 $192,864 $278,584
2014 $4,945 $392,000 $161,000 $231,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-363119

The MLS

APN: 5144-027-042