NOT LISTED FOR SALE

Estimated Value: $396,160 - $414,000

-- Bed
1 Bath
670 Sq Ft
$434/mo HOA Fee

Last Sold April 22, 2024

Last sale price $399,000 $596 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,984/month

63 Days on Market

Highlights

  • Fitness Center
  • 24-Hour Security
  • Gated Community
  • Abraham Lincoln High School Rated A
  • Gated Parking
  • 1.45 Acre Lot

About This Home

As of April 2024

Alta Lofts, loft living at its best! As you enter the property you are impressed by the foyer's ornately designed high ceilings and the peace and tranquility of the lush atrium area that anchors the space. This amazing front facing home showcases open plan living featuring soaring textured ceilings, gallery white walls, floor to ceiling black metal windows, warm wood floors, stately columns, a sleek modern kitchen with wood grained cabinets, and industrial accents of exposed heating vents, and water pipes. A bedroom nook with freestanding storage and an office space provides an area of respite and calm. An expansive bathroom and stacked full size washer and dryer complete the space. Alta Lofts is a historic Art Deco inspired architectural structure and was the home of the Fuller Paint Company in the 1920's and was designed by the same architects as the Wiltern, El Capitan, and Mayan Theaters. From 2007 to 2009 the property was redesigned by the architectural firm (Pugh) Brooks + Scarpa who merged the Art Deco styling with a more contemporary vibe. The community boasts controlled access entry, gym room, community room, bike storage area, adjacent gated - assigned parking, guest parking, electric car charger, outdoor BBQ grill area, secure dog run, and night security. Close to the LA River Bike path, Elysian Park, and LA State Historic Park for outdoor adventures. Great Los Angeles location a quick jaunt to Downtown LA, Flat Top, Frog town, and Chinatown to name a few. Convenient for commuting with Lincoln/Cypress Gold Line Station nearby as well as the I5 and 110.

Last Listed By

Jeffrey Fritz

Compass License #01737570 Listed on: 01/17/2024

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,514

Year Built

  • Built in 1925

Lot Details

  • Gated Home

HOA Fees

  • $434 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Gated Parking
  • Guest Parking
  • Parking Garage Space

Interior Spaces

  • 1 Full Bathroom
  • 670 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Living Room
  • Dining Area
  • Loft
  • Intercom
  • Property Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Engineered Wood
  • Tile

Laundry

  • Laundry closet
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5447-013-034

Community Details

Overview

  • 104 Units

Amenities

  • Community Barbecue Grill
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,514

Year Built

Built in 1925

Lot Details

0

HOA Fees

$434 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Alta Lofts Homeowners Association
  • Entry Floor: 2
  • Living Area: 670
  • Lot Acreage: 1.4501
  • Planned Urban Dev: 0
  • Unit Floor In Building: 2
  • Year Built: 1925
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Engineered Hardwood, Tile
  • Fireplaces: 0
  • 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, In Closet
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Built-Ins, Cable, Elevator, Dryer, Dishwasher, Microwave, Range/Oven, Refrigerator, Washer, Intercom
  • Fireplace: No
  • Price Per S Q F T: 596.87

Exterior Features

  • Pool: No
  • Spa Yn: No
  • View: Walk Street, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Community Garage, Gated, Garage Is Detached
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Card/Code Access, Carbon Monoxide Detector(s), Gated, Smoke Detector
  • Sewer: In Street
  • Water: Public

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Exercise Room, Elevator, Fitness Center, Gated Community, Gated Parking, Guest Parking, Security
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 433.89
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5447-013-034
  • Lot Size Area: 63167

Multi Family

  • Number Of Units: 104

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2024
Closed on
Mar 28, 2024
Sold by
Reno Janet
Bought by
Friedow Forrest M and Marcy Nathan R
Seller's Agent
Jeffrey Fritz
Compass
Buyer's Agent
Grace Gaerlan
Compass
List Price
$415,000
Sold Price
$399,000
Premium/Discount to List
-$16,000
-3.86%
Total Days on Market
63
Views
262
Current Estimated Value
$405,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,080
Avg. Annual Appreciation
1.52%
Original Mortgage
$279,300
Outstanding Balance
$269,666
Interest Rate
8.5%
Mortgage Type
New Conventional
Estimated Equity
$135,414

Purchase Details

Listed on
Feb 22, 2014
Closed on
Apr 8, 2014
Sold by
Lee Narae
Bought by
Reno Janet
Seller's Agent
Alexis Kim
Christie's International Real Estate SoCal
Buyer's Agent
Alexis Kim
Christie's International Real Estate SoCal
List Price
$249,000
Sold Price
$242,500
Premium/Discount to List
-$6,500
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%

Purchase Details

Listed on
Feb 22, 2014
Closed on
Apr 4, 2014
Sold by
Kim Joshua
Bought by
Lee Narae
Seller's Agent
Alexis Kim
Christie's International Real Estate SoCal
Buyer's Agent
Alexis Kim
Christie's International Real Estate SoCal
List Price
$249,000
Sold Price
$242,500
Premium/Discount to List
-$6,500
-2.61%

Purchase Details

Closed on
Apr 17, 2013
Sold by
Municipal Holdings Llc
Bought by
Lee Narae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,230
Interest Rate
3.48%
Mortgage Type
Commercial

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
Friedow Forrest M $399,000 Equity Title - Los Angeles
Reno Janet $242,500 Chicago Title Company
Lee Narae -- Chicago Title Company
Lee Narae $199,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Friedow Forrest M $279,300
Previous Owner Lee Narae $153,230
Previous Owner Lee Narae $5,970
Previous Owner Lee Narae $39,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2024 04/22/24 Sold $399,000 -0.2% $596 / Sq Ft
03/20/2024 03/20/24 Pending -- -- --
03/15/2024 03/15/24 Price Changed $399,900 -3.6% $597 / Sq Ft
02/16/2024 02/16/24 Price Changed $415,000 0.0% $619 / Sq Ft
02/16/2024 02/16/24 For Sale $415,000 -4.6% $619 / Sq Ft
02/15/2024 02/15/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $435,000 +79.4% $649 / Sq Ft
05/19/2014 05/19/14 Sold $242,500 -2.6% $362 / Sq Ft
03/19/2014 03/19/14 Pending -- -- --
02/22/2014 02/22/14 For Sale $249,000 +25.1% $372 / Sq Ft
06/20/2013 06/20/13 Sold $199,000 -0.5% $297 / Sq Ft
02/23/2013 02/23/13 Pending -- -- --
08/28/2012 08/28/12 Price Changed $199,900 -1.0% $298 / Sq Ft
06/03/2012 06/03/12 For Sale $201,881 -- $301 / 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 $3,514 $291,432 $144,213 $147,219
2023 $3,444 $285,719 $141,386 $144,333
2022 $3,280 $280,117 $138,614 $141,503
2021 $3,237 $274,626 $135,897 $138,729
2019 $3,136 $266,482 $131,867 $134,615
2018 $3,120 $261,258 $129,282 $131,976
2016 $2,975 $251,115 $124,263 $126,852
2015 $2,929 $247,344 $122,397 $124,947
2014 $2,507 $199,903 $100,454 $99,449
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-348781

The MLS

APN: 5447-013-034