NOT LISTED FOR SALE

370 S Commonwealth Ave Unit 5 Los Angeles, CA 90020

Westlake Neighborhood

Estimated Value: $577,000 - $714,000

2 Beds
2 Baths
1,224 Sq Ft
$537/Sq Ft Est. Value

Last Sold April 18, 2016

Last sale price $420,000 $343 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,940/month

14 Days on Market

Highlights

  • Automatic Gate
  • Living Room with Fireplace
  • Modern Architecture
  • City Lights View
  • Wood Flooring
  • 5-minute walk to Shatto Recreation Center

About This Home

As of April 2016

Rare opportunity to own a perfectly located TOWNHOUSE in Koreatown!This unit enjoys private rooftop area access, a and extra large windows on each floor. LOW HOD FEE/ ONLY $ 200 PER MONTH. The bright and Spacious 2 bed and 2 bath town Home is located in a quiet area with easy access to Downtown LA, Walking distance to Pilgrim School ( Private School), Shatto Recreation Center, Shriners Hospital for Children, parks, restaurants, medical buildings and more.

Last Agent to Sell the Property

Ashley Kim

CURB® License #01821621 Listed on: 02/23/2016

Last Buyer's Agent

Kevin Cho

Dream Realty & Investments Inc License #01908832

Dream Realty & Investments Inc

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,004

Year Built

  • Built in 1982

Lot Details

  • 8,785 Sq Ft Lot
  • Gated Home

Home Design

  • Modern Architecture
  • Entry on the 2nd floor

Interior Spaces

  • 1,224 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • City Lights Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Automatic Gate

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5501-022-036

Community Details

Overview

  • 10 Units

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,004

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: COMMONWEALTH TOWNHOUSE
  • Entry Floor: 2
  • Living Area: 1224
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1982
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Kitchen
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 343.14

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Gated
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Gated, Smoke Detector

Association/Amenities

  • Amenities: Assoc Pet Rules

Condo/Co-op/Association

  • HOA Fees: 200.00

Lot Info

  • Assessor Parcel Number: 5501-022-036
  • Geocode Override: No
  • Lot Size Area: 8785

Multi Family

  • Number Of Units: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2016
Closed on
Apr 11, 2016
Sold by
Shin Yoon
Bought by
Cho Youn Jin
Seller's Agent
Ashley Kim
CURB®
Buyer's Agent
Kevin Cho
Dream Realty & Investments Inc
List Price
$420,000
Sold Price
$420,000
Current Estimated Value
$657,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,153
Avg. Annual Appreciation
4.81%
Original Mortgage
$377,500
Outstanding Balance
$299,506
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$357,647

Purchase Details

Listed on
Feb 23, 2016
Closed on
Apr 7, 2016
Sold by
Chang Dae Woong
Bought by
Cho Youn Jin
Seller's Agent
Ashley Kim
CURB®
Buyer's Agent
Kevin Cho
Dream Realty & Investments Inc
List Price
$420,000
Sold Price
$420,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,500
Outstanding Balance
$299,506
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$357,647

Purchase Details

Closed on
Dec 20, 2011
Sold by
Two & Five Reo Funds Inc
Bought by
Shin Yoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2005
Sold by
Chon Chong Dae
Bought by
Chon Young Cha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2005
Sold by
Lee Hui Kyung
Bought by
Chon Young Cha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2001
Sold by
Kyung Won Paik
Bought by
Lee Hui Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,300
Interest Rate
7.13%

Purchase Details

Closed on
Oct 30, 1997
Sold by
Paik Peter W
Bought by
Paik Kyung Won

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
7.23%

Purchase Details

Closed on
Oct 27, 1997
Sold by
Washington Mutual Fa
Bought by
Paik Kyung Won

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
7.23%

Purchase Details

Closed on
Sep 3, 1997
Sold by
Kim Tae O
Bought by
Great Western Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
7.23%
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
Cho Youn Jin $420,000 Title 365
Cho Youn Jin -- Title 365
Shin Yoon $223,000 First American Title Co
Chon Young Cha -- Stewart Title
Chon Young Cha $395,000 Stewart Title
Lee Hui Kyung $147,000 American Title
Paik Kyung Won -- Chicago Title Co
Paik Kyung Won -- Chicago Title Co
Great Western Bank Fsb $45,500 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cho Youn Jin $377,500
Previous Owner Shin Yoon $171,200
Previous Owner Chon Young Cha $316,000
Previous Owner Lee Hui Kyung $132,300
Previous Owner Paik Kyung Won $67,500
Closed Chon Young Cha $39,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2016 04/18/16 Sold $420,000 0.0% $343 / Sq Ft
03/08/2016 03/08/16 Pending -- -- --
02/23/2016 02/23/16 For Sale $420,000 -- $343 / 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 $6,004 $497,186 $331,103 $166,083
2024 $6,004 $487,438 $324,611 $162,827
2023 $5,891 $477,882 $318,247 $159,635
2022 $5,620 $468,512 $312,007 $156,505
2021 $5,545 $459,327 $305,890 $153,437
2019 $5,379 $445,705 $296,818 $148,887
2018 $5,355 $436,967 $290,999 $145,968
2016 $2,847 $236,608 $95,492 $141,116
2015 $2,805 $233,055 $94,058 $138,997
2014 $2,820 $228,491 $92,216 $136,275
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Ashley Kim

    CURB®

    Section Image
  • Kevin Cho

    Buyer's Agent in 2016

    Kevin Cho

    Dream Realty & Investments Inc

    (213) 446-8223

    1 in this area

    20 Total Sales

    Kevin Cho
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 16-984385

The MLS

APN: 5501-022-036

California Los Angeles County Los Angeles 90020 Westlake

370 S Commonwealth Ave Unit 5, Los Angeles, CA

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