$473,000 - $739,000
RENTED OCT 1, 2024
1 Bed
1 Bath
942 Sq Ft
1.54 Acres

Last Sold May 11, 2017

Last sale price $499,000 $530 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,649/month

Highlights

  • Concierge
  • 24-Hour Security
  • Gated Parking
  • Fitness Center
  • Heated In Ground Pool
  • 5-minute walk to Grand Park

About This Home

As of October 2024

Immerse yourself in the essence of Californian living at Residence 607, a masterpiece of renovation perched atop The Promenade; Downtown LA's crown jewel in the elite Bunker Hill enclave. Step into a sun-drenched haven, where nearly 950 square feet of open-concept design invites you to savor life's moments, whether you're dining under the glow of sunset, lounging in the serene light, or crafting your next big idea. The heart of this home beats in its expansive kitchen, where chef-grade appliances and custom cabinets meet endless countertops, making every gathering a gourmet event. The grand eat-in island bridges the kitchen with the living and dining spaces, creating an effortless flow for hosting. From every corner of this top-floor sanctuary, the vistas are simply breathtaking: the iconic skyline, the majestic Disney Concert Hall, and The Music Center unfold before you. Whether you're unwinding in the plush comfort of your bed, nestled on the couch, crafting at your desk, or stepping out onto your two private patios, these views never cease to amaze. The primary suite is a retreat within a retreat, featuring floor-to-ceiling glass sliders, a luxuriously remodeled bathroom, and a spacious walk-in closet. Smart tech includes in-wall iPad control center and August wireless door lock. With two dedicated parking spots, private storage, and additional guest parking, coming and going is a breeze. Beyond your door, The Promenade lavishes you with 300 Mbps fiber internet and a suite of amenities that embody the California lifestyle: a sparkling pool, soothing spa, verdant picnic lawns, a fully equipped gym, sauna, a chic mezzanine lounge, and 24-hour security and concierge services. Your new home stands as a beacon of culture and convenience, directly across from the Grand Av/Bunker Hill Metro Station, and amidst the pulsating heart of DTLA. The Walt Disney Concert Hall, The Music Center, Grand Park, Grand Central Market, and the groundbreaking The Grand LA by Frank Gehry, with culinary wonders from the esteemed Jose Andres, are just a stone's throw away. Residence 607 isn't just a place to live; it's a vibrant canvas on which to paint your California dream. Welcome to your new beginning.

Last Agent to Rent the Property

Zachary Krasman

Compass License #01814990 Listed on: 08/10/2024

Compass

Last Renter's Agent

melinda marinack

Compass License #02042126

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,950

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 1.54

Property Views

  • City
  • Mountain
  • Courtyard

Home Design

  • Entry on the 6th floor

Interior Spaces

  • 942 Sq Ft Home
  • Living Room
  • Dining Area
  • Sun or Florida Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 2 Covered Spaces
  • Tandem Parking
  • Gated Parking
  • Guest Parking
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • Heated Spa

Additional Features

  • East Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $3,300
  • $6,600 Move-In Fee
  • Tenant pays for electricity
  • Rent includes trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 5151-002-166

Community Details

Overview

  • Association fees include building and grounds, security, concierge
  • 139 Units
  • High-Rise Condominium
  • Maintained Community
  • 6-Story Property

Amenities

  • Concierge
  • Sundeck
  • Picnic Area
  • Sauna
  • Meeting Room
  • Laundry Facilities
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access

Condo Details

Home Type

Condominium

Est. Annual Taxes

$6,950

Year Built

Built in 1980 | Remodeled

Lot Details

0

Rental Info

  • Credit Report Amount: 40.00
  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Rent Includes: Trash Collection, Water
  • Security Deposit: 3300
  • Tenant Pays: Electricity
  • Total Move In Costs: 6600.00

Listing Details

  • Property Type: Residential Lease
  • Style: High or Mid-Rise Condo
  • Single Family Or Apt: Condo/Apt
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: The Promenade
  • Entry Floor: 6
  • Lease Terms: 1+Year
  • Living Area: 942
  • Lot Acreage: 1.5429
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 6
  • Unit Floor In Building: 6
  • Year Built: 1980
  • Number Of Photos: 59
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Tile
  • 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: Community
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Microwave, Range/Oven, Refrigerator, Network Wire
  • Price Per S Q F T: 3.50

Exterior Features

  • Direction Faces: East
  • Pool Description: Association Pool, Heated
  • Pool: Yes
  • Spa: Association Spa, Heated
  • Spa Yn: Yes
  • View: City, Courtyard, Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Tandem, Assigned
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: 24 Hour

Association/Amenities

  • Amenities: Pool, Spa, Exercise Room, Fitness Center, Assoc Maintains Landscape, Gated Community Guard, Gated Parking, Concierge, Security, Sauna, Sun Deck, Gated Community, Guest Parking, Onsite Property Management, Controlled Access, Picnic Area, Conference, Elevator

Condo/Co-op/Association

  • Association Fees Include: Building and Grounds, Security, Concierge

Lot Info

  • Assessor Parcel Number: 5151-002-166
  • Lot Size Area: 67210

Multi Family

  • Number Of Units: 139

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2017
Closed on
Apr 2, 2017
Sold by
Novak Jindrich
Bought by
Shaolian Michael
Seller's Agent
Joshua Chao
Help-U-Sell Smart Realty
Buyer's Agent
Dominic Labriola
Craft & Bauer Real Estate Co.
List Price
$519,000
Sold Price
$499,000
Premium/Discount to List
-$20,000
-3.85%
Current Estimated Value
$581,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,423
Avg. Annual Appreciation
2.01%
Original Mortgage
$325,000
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2010
Sold by
Hong Ying Ji
Bought by
Novak Jindrich

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2007
Sold by
Fujii Steven and Ai Industry Llc
Bought by
Hong Ying Ji

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,400
Interest Rate
8%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 2, 2007
Sold by
Fujii Steven
Bought by
Fujii Steven and Ai Industry Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,400
Interest Rate
8%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 19, 2000
Sold by
Maloney Michael J
Bought by
Fujii Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
7.71%
Source: Public Records

Range of Values:

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Average Value
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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
Shaolian Michael $499,000 First American Title Company
Novak Jindrich $285,000 Chicago Title Company
Hong Ying Ji $538,000 Financial Title Company
Fujii Steven -- Financial Title Company
Fujii Steven $182,500 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaolian Michael $360,000
Closed Shaolian Michael $325,000
Previous Owner Novak Jindrich $90,000
Previous Owner Novak Jindrich $220,000
Previous Owner Novak Jindrich $228,000
Previous Owner Hong Ying Ji $430,400
Previous Owner Hong Ying Ji $53,800
Previous Owner Fujii Steven $147,000
Previous Owner Fujii Steven $146,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 Rented $3,300 0.0% --
08/10/2024 08/10/24 For Rent $3,300 0.0% --
05/11/2017 05/11/17 Sold $499,000 0.0% $530 / Sq Ft
03/15/2017 03/15/17 Pending -- -- --
02/27/2017 02/27/17 Price Changed $499,000 -3.9% $530 / Sq Ft
02/01/2017 02/01/17 For Sale $519,000 -- $551 / 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
2025 $6,950 $579,126 $345,736 $233,390
2024 $6,950 $567,771 $338,957 $228,814
2023 $6,813 $556,639 $332,311 $224,328
2022 $6,495 $545,726 $325,796 $219,930
2021 $6,408 $535,026 $319,408 $215,618
2019 $6,212 $519,159 $309,935 $209,224
2018 $6,201 $508,980 $303,858 $205,122
2016 $3,771 $308,440 $123,376 $185,064
2015 $3,712 $303,808 $121,523 $182,285
2014 $3,730 $297,858 $119,143 $178,715
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-426247

The MLS

APN: 5151-002-166