NOT LISTED FOR SALE

Estimated Value: $757,726 - $812,000

2 Beds
2 Baths
1,430 Sq Ft
$802/mo HOA Fee

Last Sold October 20, 2021

Last sale price $695,000 $486 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,925/month

87 Days on Market

Highlights

  • Concierge
  • 5-minute walk to Wilshire/Vermont Station
  • Fitness Center
  • UCLA Community School Rated A-
  • Steam Room
  • 24-Hour Security

About This Home

As of October 2021

Welcome to the summit on 6th in Koreatown! One of the units in the well known and sought after "Summit on 6th" Condo. The Summit on 6th is a prestigious building in a thriving neighborhood minutes away from Downtown LA, Beverly Hills, and Hollywood. This modern and inviting unit has an open concept living, hotel like extra hallways, perfect for "Work From Home" in its large, spacious, and high ceiling areas with floor to ceiling windows. This signature residence offers hardwood floor, Granite kitchen with island and fully occupied stainless appliances. Luxurious master suite comes with a walk-in closet and a master bathroom, and there is a 2nd Bedroom or office with a full bath. Title shows 1bed with office room(no closet). Facing to South view. You can enjoy luxury amenities such as a virtual screen golf system, dry & steam saunas, 24-hr fitness, 24-hr concierge, 24-hr security, on-site management, and much more.

Last Agent to Sell the Property

Jaekyung Lee

Dream Realty & Investments Inc License #01478814 Listed on: 06/05/2021

Dream Realty & Investments Inc

Co-Listed By

Clay Choi

Dream Realty & Investments Inc License #02011547

Last Buyer's Agent

Brian Yang

Propertylink Real Estate, Inc. License #01792107

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,823

Year Built

  • Built in 2009

Lot Details

  • Gated Home

HOA Fees

  • $802 Monthly HOA Fees

Home Design

  • Modern Architecture
  • Fire Rated Drywall

Interior Spaces

  • 1,430 Sq Ft Home
  • Living Room
  • Home Office
  • Wood Flooring
  • City Views

Kitchen

  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Home Security

  • Security Lights
  • Alarm System

Parking

  • 1 Covered Space
  • Automatic Gate
  • Assigned Parking

Outdoor Features

  • Spa
  • Sport Court

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Assessor Parcel Number 5502-024-034

Community Details

Overview

  • 96 Units

Amenities

  • Concierge
  • Steam Room
  • Sauna
  • Clubhouse
  • Meeting Room
  • Elevator

Recreation

  • Community Playground
  • Fitness Center
  • Community Spa
  • Tennis Courts

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire Sprinkler System
  • Firewall

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,823

Year Built

Built in 2009

Lot Details

0

HOA Fees

$802 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: Summit
  • Entry Floor: 2
  • Living Area: 1430
  • Lot Acreage: 1.3711
  • Planned Urban Dev: 1
  • Unit Floor In Building: 2
  • Year Built: 2009
  • Number Of Photos: 44
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 2
  • Full Bathroom: 2
  • 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: 2.00
  • Den: 0
  • Equipment: Alarm System, Antenna, Cable, Dishwasher, Gas Or Electric Dryer Hookup, Hood Fan, Microwave, Garbage Disposal, Elevator, Refrigerator, Vented Exhaust Fan, Water Line to Refrigerator
  • Price Per S Q F T: 488.81

Exterior Features

  • Tennis Court: Private Sport Court
  • Tennis Court Y/N: Yes
  • Pool: No
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: City
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned
  • Total Parking: 1

Utilities

  • Cooling: Air Conditioning, Central, Electric
  • Heating: Central
  • Security: 24 Hour, Fire and Smoke Detection System, Automatic Gate, Carbon Monoxide Detector(s), Community, Exterior Security Lights, Fire Rated Drywall, Fire Sprinklers, Firewall(s), Gated, Guarded

Association/Amenities

  • Amenities: Concierge, Clubhouse, Elevator, Exercise Room, Fitness Center, Sauna, Spa, Steam Room, Meeting Room, Playground, Conference, Controlled Access
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 802.11
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5502-024-034
  • Lot Size Area: 59725

Rental Info

  • Furnished: Furnished Or Unfurnished

Multi Family

  • Number Of Units: 96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2021
Closed on
Oct 8, 2021
Sold by
Kappa Llc
Bought by
Han Seung Yeub and Kim Su Hyun
Seller's Agent
Jaekyung Lee
Dream Realty & Investments Inc
Buyer's Agent
Brian Yang
Propertylink Real Estate, Inc.
List Price
$699,000
Sold Price
$695,000
Premium/Discount to List
-$4,000
-0.57%
Total Days on Market
87
Current Estimated Value
$785,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,432
Avg. Annual Appreciation
3.41%
Original Mortgage
$350,000
Outstanding Balance
$327,741
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$457,691

Purchase Details

Listed on
Sep 17, 2019
Closed on
Oct 1, 2019
Sold by
Yea
Bought by
Kappa
Seller's Agent
Young Kim
Koinos Real Estate Group
Buyer's Agent
Ava Lee
Realtex Properties
Sold Price
$3,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.50%
Original Mortgage
$240,000
Interest Rate
3.64%

Purchase Details

Closed on
Jan 11, 2011
Sold by
Az 3223 6Th Street Llc
Bought by
Yea Chang Min

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2010
Sold by
Bae Kun Ja
Bought by
Yea Chang Min

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
4%
Mortgage Type
Commercial
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
Han Seung Yeub $695,000 Chicago Title
Kappa -- --
Yea Chang Min $370,003 Lawyers Title Insurance Corp
Yea Chang Min -- Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Han Seung Yeub $350,000
Previous Owner Kappa $240,000
Previous Owner Kappa --
Previous Owner Yea Chang Min $222,000
Previous Owner Yea Chang Min $222,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2021 10/20/21 Sold $695,000 -0.6% $486 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $699,000 0.0% $489 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
06/05/2021 06/05/21 For Sale $699,000 0.0% $489 / Sq Ft
10/05/2019 10/05/19 Rented $3,100 0.0% --
10/02/2019 10/02/19 Sold $635,000 +20383.9% $444 / Sq Ft
09/18/2019 09/18/19 Pending -- -- --
09/17/2019 09/17/19 For Rent $3,100 0.0% --
08/20/2019 08/20/19 For Sale $650,000 0.0% $455 / Sq Ft
05/04/2015 05/04/15 Rented $2,600 -7.1% --
04/16/2015 04/16/15 Under Contract -- -- --
03/05/2015 03/05/15 For Rent $2,800 +12.0% --
01/02/2014 01/02/14 Rented $2,500 -3.8% --
01/02/2014 01/02/14 Under Contract -- -- --
11/11/2013 11/11/13 For Rent $2,600 -- --
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
2024 $8,823 $723,078 $286,110 $436,968
2023 $8,654 $708,900 $280,500 $428,400
2022 $8,251 $695,000 $275,000 $420,000
2021 $7,677 $641,578 $212,175 $429,403
2020 $7,754 $635,000 $210,000 $425,000
2019 $5,124 $424,940 $229,698 $195,242
2018 $5,104 $416,609 $225,195 $191,414
2016 $4,872 $400,433 $216,451 $183,982
2015 $4,800 $394,419 $213,200 $181,219
2014 $4,823 $386,694 $209,024 $177,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-745322

The MLS

APN: 5502-024-034