NOT LISTED FOR SALE

1118 Valencia St Unit 214 Los Angeles, CA 90015

Pico-Union Neighborhood

Estimated Value: $367,000 - $442,000

1 Bed
1 Bath
650 Sq Ft
$400/mo HOA Fee

Last Sold March 18, 2022

Last sale price $360,000 $554 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,010/month

5 Days on Market

Highlights

  • Spa
  • 3.38 Acre Lot
  • Balcony
  • City Lights View
  • End Unit
  • Living Room

About This Home

As of March 2022

Lowest priced one bedroom condominium in downtown Los Angeles. End Unit with City Light View. Walking distance to the Ritz Carlton, LA Live, Crypto.com Arena (formerly Staple Center), Regal Cinemas, and close access to 110 freeway. Laminate Wood Floor throughout. HOA amenity include beautiful sparkling community pool/spa, spacious outdoor BBQ area, Beautiful landscaping, security guard, surveillance systems and elevators. HOA fee includes water, trash, insurance, and exterior maintenance. Unit comes with one indoor gated assigned parking space. Probate Sale. Already have court confirmation. No one died at the property.

Last Agent to Sell the Property

Nancy Kim

Credent Real Estate License #01269526 Listed on: 02/03/2022

Co-Listed By

Jonathan Kim

Credent Real Estate License #02000753

Last Buyer's Agent

Ryozo Kajino

Mark III Properties License #01030820

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,589

Year Built

  • Built in 1983

Lot Details

  • End Unit
  • 1 Common Wall
  • 5137-024-102

HOA Fees

  • $400 Monthly HOA Fees

Interior Spaces

  • 650 Sq Ft Home
  • 3-Story Property
  • Living Room
  • City Lights Views
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Spa
  • Balcony
  • Exterior Lighting

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 38357
  • Assessor Parcel Number 5137024102
  • $91 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 180 Units
  • Vista Montoya Association, Phone Number (818) 778-3331
  • HOA Organizers Inc. HOA

Amenities

  • Community Barbecue Grill

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction

Security

  • Security Service
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,589

Year Built

Built in 1983

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Furnitures if buyer wants
  • Property Attached: Yes
  • View: Yes
  • Zoning: LAR4
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5137024102
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 650.00 Square Feet
  • Interior Amenities: Balcony
  • Stories: 3
  • Common Walls: 1 Common Wall, End Unit
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 553.85
  • Room Type: Kitchen, Living Room
  • Spa Features: Association

Exterior Features

  • View: City Lights
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Refrigerator
  • 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, Insurance, Trash, Water, Pet Rules, Security, Controlled Access
  • Association Fee: 400.00
  • Association Fee Frequency: Monthly
  • Association Name: Vista Montoya
  • Phone: 818-778-3331
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Street Lights, Urban
  • Association Management: HOA Organizers Inc.

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 5137-024-102
  • Land Lease: No
  • Lot Size Sq Ft: 147338.00
  • Lot Size Acres: 3.3824

Multi Family

  • Lease Considered: No
  • Lot Size Area: 147338.0000 Square Feet
  • Number Of Units In Community: 180
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2100.10
  • Tax Lot: 1
  • Tax Tract Number: 38357
  • TaxOtherAnnualAssessmentAmount: 91.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2018
Sold by
One West Management Llc
Bought by
Hwang Logan Paul
Current Estimated Value
$419,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,320
Outstanding Balance
$269,653
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$130,077

Purchase Details

Closed on
Oct 31, 2017
Sold by
Howard Dwight D
Bought by
One West Management Llc

Purchase Details

Listed on
Nov 23, 2013
Closed on
Dec 19, 2013
Sold by
Mandel Casey
Bought by
Howard Dwight D
Seller's Agent
Benjamin Shapiro
Nourmand & Associates-BH
Buyer's Agent
Leonel Castellanos
TruLine Realty
List Price
$199,900
Sold Price
$199,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%
Original Mortgage
$40,000
Interest Rate
4.49%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 18, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Mandel Casey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,658
Interest Rate
4.91%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 2, 2009
Sold by
Lee Jong Hyun
Bought by
Federal Home Loan Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,658
Interest Rate
4.91%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 27, 2006
Sold by
Chang Alix Chun Hwi
Bought by
Lee Jong Hyun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,600
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2003
Sold by
Chang Seung Eun
Bought by
Chang Chun Hwi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2001
Sold by
Chamberlin Margaret R
Bought by
Chang Chun Hwi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,850
Interest Rate
6.57%
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 Buyer Sale Price Title Company
Hwang Logan Paul $362,000 Lawyers Title
One West Management Llc $292,000 None Available
Howard Dwight D $200,000 California Title Company
Mandel Casey $190,000 Stewart Title
Federal Home Loan Mortgage Corporation $162,851 Accommodation
Lee Jong Hyun $277,000 Lawyers Title
Chang Chun Hwi -- Chicago Title Co
Chang Chun Hwi $83,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hwang Logan Paul $311,320
Previous Owner Howard Dwight D $40,000
Previous Owner Mandel Casey $183,658
Previous Owner Lee Jong Hyun $221,600
Previous Owner Chang Chun Hwi $56,712
Previous Owner Chang Chun Hwi $100,000
Previous Owner Chang Chun Hwi $78,850
Closed Howard Dwight D $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $360,000 +0.3% $554 / Sq Ft
02/03/2022 02/03/22 For Sale $359,000 +79.6% $552 / Sq Ft
01/12/2014 01/12/14 Sold $199,900 0.0% $308 / Sq Ft
12/16/2013 12/16/13 Pending -- -- --
11/23/2013 11/23/13 For Sale $199,900 -- $308 / 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
2024 $4,589 $374,543 $273,521 $101,022
2023 $4,504 $367,200 $268,158 $99,042
2022 $4,624 $388,134 $304,182 $83,952
2021 $4,564 $380,524 $298,218 $82,306
2020 $4,610 $376,624 $295,161 $81,463
2019 $4,427 $369,240 $289,374 $79,866
2018 $3,575 $292,000 $58,000 $234,000
2017 $2,518 $211,140 $130,339 $80,801
2016 $2,457 $207,001 $127,784 $79,217
2015 $2,420 $203,893 $125,865 $78,028
2014 $1,680 $138,000 $84,000 $54,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22020388

California Regional Multiple Listing Service (CRMLS)

APN: 5137-024-102