$520,000
SOLD JAN 17, 2019
1 Bed
1 Bath
735 Sq Ft
$446/mo HOA Fee

Recently Sold

$707 Per Sq Ft

4% Below List Price

74 Days on Market

Highlights

  • Fitness Center
  • 2-minute walk to Little Tokyo-Arts District
  • City Lights View
  • Felicitas and Gonzalo Mendez High Rated A-
  • Spa
  • 3.17 Acre Lot

About This Home

As of March 2022

Located in Arts District, in the heart of DTLA, The Savoy offers the convenience of downtown living with luxury resort amenities. This unit only has 1 common wall and features 1 bedroom with a walk-in closet, 1 bathroom with a laundry closet, a modern kitchen with granite counters & stainless steel appliances, plenty of storage space, central A/C & heat, and a private balcony with gorgeous views of downtown. Hardwood, carpet, & tile flooring throughout. HOA amenities include gated parking, 24-hour security, pool & spa, fitness center, clubhouse, screening room, multipurpose room, business center, BBQ grill/patio area, and a rooftop deck with skyline views. Experience a unique dining, entertainment, and shopping experience in burgeoning Arts District and Little Tokyo, all within easy access to other diverse neighborhoods in DTLA. Walking distance to the Metro and conveniently located near the 10, 101, and 110 freeways.

Last Agent to Sell the Property

Ivy Wang

Century 21 Ludecke Inc. License #01973133 Listed on: 10/04/2018

Century 21 Ludecke Inc.

Last Buyer's Agent

Luis Roldan

Mega Investments and Realty License #01007113

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,145

Year Built

  • Built in 2005

Lot Details

  • 1 Common Wall
  • Density is over 40 Units/Acre

HOA Fees

  • $446 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Parking Lot

Property Views

  • City Lights
  • Mountain

Interior Spaces

  • 735 Sq Ft Home
  • Living Room
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Makeup or Vanity Space
  • Bathtub with Shower

Outdoor Features

  • Spa
  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 62826
  • Assessor Parcel Number 5163020029

Community Details

Overview

  • Master Insurance
  • 303 Units
  • Savoy Community Association, Phone Number (213) 617-9300
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse
  • Meeting Room
  • Recreation Room

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,145

Year Built

Built in 2005

Lot Details

0

HOA Fees

$446 per month

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: LAC2
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5163020029
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 735.00 Square Feet
  • Interior Amenities: Balcony, Granite Counters
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Area, Breakfast Counter / Bar
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 707.48
  • Room Type: Kitchen, Living Room, Walk-In Closet
  • Spa Features: Association, Community
  • Bathroom Features: Shower In Tub, Vanity Area

Exterior Features

  • View: City Lights, Mountain(s)
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Parking Space, Subterranean
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Gym/Ex Room, Clubhouse, Recreation Room, Meeting Room, Earthquake Insurance, Insurance, Maintenance Grounds, Trash, Dues Paid Monthly, Pet Rules, Security
  • Association Fee: 446.18
  • Association Fee Frequency: Monthly
  • Association Name: Savoy Community Association
  • Phone: 213-617-9300
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Over 40 Units/Acre
  • Lot Size Sq Ft: 138016.00
  • Lot Size Acres: 3.1684

Multi Family

  • Lease Considered: No
  • Lot Size Area: 138016.0000 Square Feet
  • Number Of Units In Community: 303
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2060.31
  • Tax Lot: 1
  • Tax Tract Number: 62826

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2018
Closed on
Jan 8, 2019
Sold by
Chieng Rachel
Bought by
Weyer Adam J and Weyer Ashly A
Seller's Agent
Ivy Wang
Century 21 Ludecke Inc.
Buyer's Agent
Luis Roldan
Mega Investments and Realty
List Price
$540,000
Sold Price
$520,000
Premium/Discount to List
-$20,000
-3.7%
Total Days on Market
74
Current Estimated Value
$499,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,208
Avg. Annual Appreciation
-0.91%
Original Mortgage
$494,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 10, 2015
Closed on
Oct 30, 2015
Sold by
Hong Mimi Miryung
Bought by
Chieng Rachel
Seller's Agent
Norman Chiu
High Ten Partners Inc
Buyer's Agent
Alex Lai
Longo Realty, Inc.
List Price
$449,000
Sold Price
$430,000
Premium/Discount to List
-$19,000
-4.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$322,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2009
Sold by
Bank Of New York
Bought by
Hong Mimi

Purchase Details

Closed on
Dec 15, 2008
Sold by
Lee Bo Yea and Cha Bobby
Bought by
The Bank Of New Yrok

Purchase Details

Closed on
Mar 30, 2006
Sold by
Savoy Associates Llc
Bought by
Cha Bobby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,400
Interest Rate
8%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $520,000 Lawyers Title
Grant Deed $430,000 Ticor Title Company
Grant Deed $253,000 None Available
Trustee Deed $254,500 Landsafe Title Company
Grant Deed $452,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $463,419 VA
Closed $494,000 New Conventional
Previous Owner $322,500 New Conventional
Previous Owner $316,400 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2022 03/15/22 Sold $489,000 0.0% $665 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $489,000 0.0% $665 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
11/29/2021 11/29/21 For Sale $489,000 0.0% $665 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $489,000 -6.0% $665 / Sq Ft
01/17/2019 01/17/19 Sold $520,000 -3.7% $707 / Sq Ft
12/17/2018 12/17/18 Pending -- -- --
10/04/2018 10/04/18 For Sale $540,000 0.0% $735 / Sq Ft
10/06/2017 10/06/17 Rented $2,000 0.0% --
10/06/2017 10/06/17 Under Contract -- -- --
08/31/2017 08/31/17 Price Changed $2,000 -4.8% $3 / Sq Ft
08/02/2017 08/02/17 Price Changed $2,100 -4.5% $3 / Sq Ft
07/25/2017 07/25/17 For Rent $2,200 0.0% --
12/03/2015 12/03/15 Sold $430,000 -4.2% $585 / Sq Ft
10/27/2015 10/27/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $449,000 -- $611 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,145 $580,064 $167,325 $412,739
2024 $6,145 $508,755 $196,635 $312,120
2023 $6,107 $498,780 $192,780 $306,000
2022 $6,484 $546,611 $157,676 $388,935
2021 $6,404 $535,894 $154,585 $381,309
2019 $762 $456,319 $137,957 $318,362
2018 $5,365 $447,372 $135,252 $312,120
2016 $5,140 $430,000 $130,000 $300,000
2015 $3,313 $271,081 $136,077 $135,004
2014 $3,329 $265,772 $133,412 $132,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18241372

California Regional Multiple Listing Service (CRMLS)

APN: 5163-020-029