416 S Spring St #707, Los Angeles, CA 90013
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416 S Spring St #707 Los Angeles, CA 90013

$2,500 Leased Price as of 05/01/2023
  • 0 Beds
  • 1 Baths
  • 859 Sq.Ft.
Leased
$2,500 Leased Price as of 05/01/2023 Refinance Your Mortgage

Map preview of 416 S Spring St #707, Los Angeles, CA 90013

Property Overview: 416 S Spring St #707 Los Angeles, CA has -- bedrooms, 1 bathrooms, 859 living square feet and 10,332 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3D Tour: bit.ly/El-Dorado-707 NEWLY PAINTED studio with breathtaking sunsets and gorgeous park side views. Originally built as the Hotel Stowell in 1914, this fully transformed building has become one of the most iconic historical buildings in Downtown LA. This brilliant home features true hard-loft industrial designs with exposed concrete pillars, rich hardwood floors, and an oversized private balcony overlooking Spring Street Park drawing in soothing Southwest-facing sunlight. The kitchen showcases Snaidero Italian cabinetry, impressively wide granite countertop, gas range for all those aspiring cooks, along with Bosch and Samsung stainless-steel appliances. Although it's labelled as a studio, a large sleeping area is tucked in beside the kitchen and spaciously fits a queen-sized bed and dresser with complete ease. With most of the square footage in the main room, conveniently add a work from home office while still having an abundance of room for an expansive living room. Hidden away near the entrance, enjoy a hallway full of additional storage, in-unit stacked washer and dryer, and a large bathroom showcasing beautiful tiled floors, comfy soaking tub with walls lined with subway tiles, and granite countertop along with cabinets that match the delectable kitchen. Designated as a historical Mills Act approved building, homeowners save around 70% off their property taxes! Located in the heart of Historic Core, just moments away from several popular destinations including Grand Central Market, The Last Bookstore, multiple Farmer's Markets, Pershing Square, and all the major events and shops along Spring Street.

Listed by Jonathan Yuen | BRE #01952091 | Iota Realty
Last checked: 15 minutes ago | Last updated: July 4th, 2023 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
10,332
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Condominium
Status
Leased
MLS#
23243535
City
Los Angeles
County
Los Angeles
Time on Site
453 days

Virtual Tour

Use the following link to view this property's virtual tour:


Property Details for 416 S Spring St #707

Interior Features
Cooling Information
  • Has Cooling
  • Heat Pump, Central Air
Heating Information
  • Has Heating
  • Central, Heat Pump
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable, In Closet
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Tile
  • Living Room, Loft
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Bathroom Information
  • # of Baths (Full): 1
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Ceiling Fan(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Off Site
Lot Information
  • Lot Size Source: Other
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 65
  • Parcel Number: 5149038034
  • Entry Level: 7
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
  • Association Amenities: Concierge, Security, Pet Rules, Controlled Access, Hot Water
Location / Neighborhood
Location Information
  • Directions: Corner of Spring St. and 4th St.
View more facts & features

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Sale History for 416 S Spring St #707

Last leased for $2,500 on May 1st, 2023
  • July, 2023

  • Jul 4, 2023

    Date

    Expired

    CRMLS: 23229389

    $520,000

    Price

  • Jan 4, 2023

    Date

    Active

    CRMLS: 23229389

    $535,000

    Price

  • Listing provided courtesy of CRMLS

  • May, 2023

  • May 1, 2023

    Date

    Leased

    CRMLS: 23243535

    $2,500

    Price

  • Feb 21, 2023

    Date

    Active

    CRMLS: 23243535

    $2,500

    Price

  • November, 2022

  • Nov 17, 2022

    Date

    Canceled

    CRMLS: 22212547

    $535,000

    Price

  • Oct 27, 2022

    Date

    Active

    CRMLS: 22212547

    $535,000

    Price

  • Listing provided courtesy of CRMLS

    3D Tour: bit.ly/El-Dorado-707 Charming studio with breathtaking sunsets and gorgeous park side views. Originally built as the Hotel Stowell in 1914, this fully transformed building has become one of the most iconic historical buildings in Downtown LA. This brilliant home features true hard-loft industrial designs with exposed concrete pillars, rich hardwood floors, and an oversized private balcony overlooking Spring Street Park drawing in soothing Southwest-facing sunlight. The kitchen showcases Snaidero Italian cabinetry, impressively wide granite countertop, gas range for all those aspiring cooks, along with Bosch and Samsung stainless-steel appliances. Although it's labelled as a studio, a large sleeping area is tucked in beside the kitchen and spaciously fits a queen-sized bed and dresser with complete ease. With most of the square footage in the main room, conveniently add a work from home office while still having an abundance of room for an expansive living room. Hidden away near the entrance, enjoy a hallway full of additional storage, in-unit stacked washer and dryer, and a large bathroom showcasing beautiful tiled floors, comfy soaking tub with walls lined with subway tiles, and granite countertop along with cabinets that match the delectable kitchen. Designated as a historical Mills Act approved building, homeowners save around 70% off their property taxes! Located in the heart of Historic Core, just moments away from several popular destinations including Grand Central Market, The Last Bookstore, multiple Farmer's Markets, Pershing Square, and all the major events and shops along Spring Street.

  • November, 2017

  • Nov 20, 2017

    Date

    Sold

    CRMLS: 17266654

    $570,000

    Price

  • Oct 4, 2017

    Date

    Active Under Contract

    CRMLS: 17266654

    $590,000

    Price

  • Sep 6, 2017

    Date

    Active

    CRMLS: 17266654

    $590,000

    Price

  • Listing provided courtesy of CRMLS

    Timeless elegance artfully blends with modern living in this awe-inspiring end unit at El Dorado Lofts. Enjoy unobstructed views of historic buildings along Spring Street from your expansive balcony. Architectural details include wood floors throughout, exposed concrete walls and beams, upgraded lighting fixtures, state-of-the-art kitchen with black granite counters, stainless steel appliances and custom mini subway tile backsplash. This south facing urban oasis provides abundant natural light from sliding glass doors. El Dorado Lofts, located within The Old Bank District places residents in the center of a progressive neighborhood offering an array of dining and entertainment choices. Adjacent is pet friendly Spring Street Park. Homeowners save an estimated 65-86% in property taxes through the Mills Act.

  • November, 2017

  • Nov 14, 2017

    Date

    Sold (Public Records)

    Public Records

    $570,000

    Price

  • July, 2017

  • Jul 6, 2017

    Date

    Active

    CRMLS: 17248264

    $590,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to the El Dorado, a perfect blend of modern living and timeless elegance. This bright and open unit features just 1 shared wall and large, south facing sliding glass doors that open to an expansive balcony and a brilliant view of Spring Street's historic buildings. The interior showcases laminate wood floors, updated lighting fixtures, exposed concrete walls and beams and a cutting edge kitchen boasting black granite counters, stainless steel appliances and a subway tiled backsplash. The bathroom offers a deep soaking tub and a subway tile shower. The El Dorado features 24 hour front desk security and is a Registered Historic Landmark and recipient of the Mills Act status, allowing homeowners to save significantly on property taxes. Conveniently situated just steps from the pet friendly Spring Street Park, the Metro, Le Petit Paris, Grand Central Market, Baco Mercat, Ledlow, countless other restaurants, art galleries and all else that Downtown LA living has to offer.

  • January, 2015

  • Jan 23, 2015

    Date

    Sold (Public Records)

    Public Records

    $490,000

    Price

  • November, 2014

  • Nov 19, 2014

    Date

    Price Change

    CRMLS: 14811379

    $505,000

    Price

  • Listing provided courtesy of CRMLS

    Timeless elegance artfully blends with modern living in this awe-inspiring end unit at El Dorado Lofts. Enjoy unobstructed views of historic buildings along Spring Street from your expansive balcony. A cozy yet sophisticated interior features wood floors, exposed concrete walls and beams, upgraded lighting fixtures, state-of-the-art kitchen with black granite counters, stainless steel appliances and custom mini subway tile backsplash. This south facing urban oasis provides abundant natural light from sliding glass doors. El Dorado Lofts, located within The Old Bank District places residents in the center of a progressive neighborhood offering an array of dining and entertainment choices. Adjacent is pet friendly Spring Street Park, a newer addition to this vibrant community. Homeowners save an estimated 65-86% in property taxes through the Mills Act.

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Tax History for 416 S Spring St #707

Assessed Value (2020): $181,000
Year Land Value Improved Value Assessed Value
2020 $36,200 $144,800 $181,000

Home Value Compared to the Market

This property vs the competition

416 S Spring St #707 has recently been leased in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment.

About 416 S Spring St #707

Detailed summary of property

416 S Spring St #707 is a condominium that was recently leased in Los Angeles, CA 90013. This condo offered -- bedrooms, 1 bathrooms, roughly 859 living square feet, and sits on an approximately 10,332 square foot lot. 416 S Spring St #707 was first listed on ArdentRealEstateGroup.com on February 21, 2023. The homeowner leased the property for $2,500. While the average home in Los Angeles, CA is selling in 92 days, 416 S Spring St #707 has a days on market of 69 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. Local homes that are currently for sale include 400 S Broadway #1213, 400 S Broadway #1404 and 400 S Broadway #803. For more information on this home for lease at 416 S Spring St #707 Los Angeles, CA 90013 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 416 S Spring St #707

Public county record property details
Beds
--
Baths
--
Year built
1914
Sq. Ft.
740
Lot Size
10,333
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5149-038-034

The source for these homes facts are from public records.

90013 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$768
Median Sold Price
$425,000
Median Sold Price/Sq.Ft.
$644
Total Inventory
64
Median Sale to List Price %
89.47%
Avg Days on Market
58
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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Related Resources to 416 S Spring St #707

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.