NOT LISTED FOR SALE

Vero Lofts 1234 Wilshire Blvd Unit 225 Los Angeles, CA 90017

Westlake Neighborhood

Estimated Value: $407,000 - $516,000

1 Bed
1 Bath
680 Sq Ft
$520/mo HOA Fee

Last Sold December 08, 2020

Last sale price $490,000 $721 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,544/month

10 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Heated In Ground Pool
  • Steam Room
  • 24-Hour Security
  • Automatic Gate

About This Home

As of December 2020

Live the best of DTLA and Koreatown have to offer in the renowned sleek contemporary urban style condo VERO! From your own Balcony, enjoy the view of the famous VERO association pool & city lights while nestled in this unit that offers light filled open floor plan, generous closet/storage spaces, hardwood floor, SS appliances, frosted glass barn doors, In-Unit Heavy duty LG Washer & Dryer, assigned 2 CAR Tandem parking spaces. VERO is equipped with high class amenities and services including upscale heated pool, sauna, spa, Top class fitness center, exercise room, a lounge waiting/seating area and 24 hour front desk & security. Located minutes away from Downtown Financial District, Koreatown, USC, retail stores, Good Samaritan Hospital and restaurants.

Last Agent to Sell the Property

Jina Chon

Seeders Investment, Inc. License #02062088 Listed on: 10/16/2020

Last Buyer's Agent

Wangying Zhang

JC Pacific Corp License #02015465

JC Pacific Corp

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,327

Year Built

  • Built in 2006

Lot Details

  • 1.64

HOA Fees

  • $520 Monthly HOA Fees

Property Views

  • City Lights

Home Design

  • Contemporary Architecture

Interior Spaces

  • 680 Sq Ft Home
  • Living Room
  • Security Lights

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Covered Spaces
  • Automatic Gate
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • Spa

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5143-019-066

Community Details

Overview

  • 197 Units
  • 6-Story Property

Amenities

  • Concierge
  • Steam Room
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,327

Year Built

Built in 2006

Lot Details

0

HOA Fees

$520 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: VERO
  • Entry Floor: 2
  • Living Area: 680
  • Lot Acreage: 1.6376
  • Planned Urban Dev: 0
  • Stories: 6
  • Unit Floor In Building: 2
  • Year Built: 2006
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, 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: In Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 733.82

Exterior Features

  • Pool Description: Association Pool, Heated
  • Pool: Yes
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: City Lights, Pool
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Gated

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Exterior Security Lights, Fire Sprinklers, Gated Community with Guard, Guarded, Smoke Detector

Association/Amenities

  • Amenities: Concierge, Elevator, Exercise Room, Fitness Center, Gated Community Guard, Gated Parking, Assoc Maintains Landscape, Pool, Sauna, Security, Spa, Steam Room
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 519.90
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5143-019-066
  • Lot Size Area: 71332

Rental Info

  • Lease Option: 1

Multi Family

  • Number Of Units: 197

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Oct 29, 2020
Sold by
Hemmat Morteza and Saflan Nasrin
Bought by
Hu Yi
Seller's Agent
Jina Chon
Seeders Investment, Inc.
Buyer's Agent
Wangying Zhang
JC Pacific Corp
List Price
$499,000
Sold Price
$490,000
Premium/Discount to List
-$9,000
-1.8%
Current Estimated Value
$459,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,899
Avg. Annual Appreciation
-1.37%
Original Mortgage
$367,500
Outstanding Balance
$327,768
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$131,333

Purchase Details

Closed on
Jun 16, 2018
Sold by
Safian Nasrin
Bought by
Hemmat Morteza and Safian Nasrin

Purchase Details

Closed on
Dec 6, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hemmat Morteza and Safian Nasrin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,500
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2011
Sold by
Diaz Maria Del Carmen Reyes
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 24, 2007
Sold by
Song Aeja
Bought by
Diaz Maria Delcarmen Reyes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,600
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
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
Hu Yi $490,000 Provident Title Company
Hemmat Morteza -- None Available
Hemmat Morteza $242,000 Lsi Title Company
Federal Home Loan Mortgage Corporation $215,633 Accommodation
Diaz Maria Delcarmen Reyes $424,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hu Yi $367,500
Previous Owner Hemmat Monteza $179,000
Previous Owner Hemmat Morteza $181,500
Previous Owner Diaz Maria Delcarmen Reyes $381,600
Previous Owner Pak Eunice Hongsun $52,000
Previous Owner Choi Eun H $83,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2020 12/08/20 Sold $490,000 -1.8% $721 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $499,000 0.0% $734 / Sq Ft
02/24/2020 02/24/20 Rented $2,100 0.0% --
01/31/2020 01/31/20 Price Changed $2,100 -8.7% $3 / Sq Ft
01/20/2020 01/20/20 For Rent $2,300 0.0% --
05/09/2019 05/09/19 Rented $2,300 0.0% --
05/03/2019 05/03/19 Under Contract -- -- --
04/08/2019 04/08/19 For Rent $2,300 -- --
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 $6,327 $530,390 $313,905 $216,485
2024 $6,327 $519,991 $307,750 $212,241
2023 $6,207 $509,796 $301,716 $208,080
2022 $5,917 $499,800 $295,800 $204,000
2021 $5,843 $490,000 $290,000 $200,000
2020 $3,418 $277,932 $151,600 $126,332
2019 $3,283 $272,483 $148,628 $123,855
2018 $3,275 $267,141 $145,714 $121,427
2016 $3,130 $256,769 $140,056 $116,713
2015 $3,084 $252,913 $137,953 $114,960
2014 $3,102 $247,960 $135,251 $112,709
Source: Public Records

Agents Affiliated with this Home

  • Jina Chon

    Seller's Agent in 2020

    Jina Chon

    Seeders Investment, Inc.

    (213) 505-4900

    2 in this area

    36 Total Sales

    Jina Chon
    Section Image

  • W

    Buyer's Agent in 2020

    Wangying Zhang

    JC Pacific Corp

    (213) 509-7405

    1 in this area

    87 Total Sales

    Wangying Zhang
    Section Image

  • J

    Seller's Agent in 2019

    Jina Hee Chon

    Keller Williams Larchmont

  • A Ryun Kim

    Buyer's Agent in 2019

    A Ryun Kim

    A Ryun Kim

    (213) 399-8949

    1 in this area

    9 Total Sales

    A Ryun Kim
    Section Image
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About Vero Lofts

Map

Source: The MLS

MLS Number: 20-648066

The MLS

APN: 5143-019-066

California Los Angeles County Los Angeles 90017 Westlake

1234 Wilshire Blvd Unit 225, Los Angeles, CA

This home is located at 1234 Wilshire Blvd Unit 225, Los Angeles, CA 90017 since 16 October 2020 and is currently estimated at $459,101, approximately $675 per square foot. This property was built in 2006. 1234 Wilshire Blvd Unit 225 is a home located in Los Angeles County with nearby schools including Esperanza Elementary School, John H. Liechty Middle School, and Academic Leadership Community Miguel Contreras Learning Complex.

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