NOT LISTED FOR SALE

Estimated Value: $1,396,000 - $2,532,000

3 Beds
3 Baths
2,400 Sq Ft
$1,061/mo HOA Fee

Last Sold May 31, 2018

Last sale price $2,650,000 $1,104 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $15,688/month

56 Days on Market

Highlights

  • Fitness Center
  • 1-minute walk to Wilshire/Western Station
  • In Ground Pool
  • Charles H. Kim Elementary School Rated A-
  • 24-Hour Security
  • Gated Community

About This Home

As of May 2018

Arguably the best unit at Solair. This top floor penthouse sits 24 stories above Wilshire, offering unobstructed, panoramic views of Los Angeles, all the way to the Pacific. The expansive open floor plan at 2400 sqft, features floor to ceiling windows, a large balcony, three beds, three baths and bonus den or office. The interiors, by Susan Manrao Designs (luxury designer for The St Regis & W Hotels), boast many customized upgrades and finishes incorporated during the construction of the Penthouse. This unit also includes a laundry room, separate storage room and one of the largest side by side parking spaces. Experience luxurious amenities from Solair including 24 hour front desk/concierge for controlled access, business center and meeting room, club rooms for entertaining larger groups, on-site maintenance manager, gym, resort-style heated pool on the Sky Deck complete with cabanas, BBQs, and a dog run.

Last Agent to Sell the Property

Olivia Noh

Compass License #01257585 Listed on: 02/09/2018

Compass

Co-Listed By

Aram Afshar

Coldwell Banker Realty License #01484569

Last Buyer's Agent

Michelle Suh

KORUS Real Estate License #01335563

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $35,681

Year Built

  • Built in 2009

Lot Details

  • 1.23

HOA Fees

  • $1,061 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Home Design

  • Contemporary Architecture
  • Entry on the 24th floor

Interior Spaces

  • 2,400 Sq Ft Home
  • Living Room
  • Dining Room

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Parking

  • 2 Covered Spaces
  • Side by Side Parking
  • Controlled Entrance

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5503-030-207

Community Details

Overview

  • 238 Units
  • 24-Story Property

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$35,681

Year Built

Built in 2009

Lot Details

0

HOA Fees

$1,061 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: Solair
  • Entry Floor: 24
  • Living Area: 2400
  • Planned Urban Dev: 0
  • Stories: 24
  • Unit Floor In Building: 24
  • Year Built: 2009
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Wood
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Gas Dryer Hookup
  • Price Per S Q F T: 1145.83

Exterior Features

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

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Controlled Entrance, Garage - 2 Car, Side By Side
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour

Association/Amenities

  • Amenities: Assoc Barbecue, Clubhouse, Elevator, Exercise Room, Gated Community, Pool
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 1060.90
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5503-030-207
  • Geocode Override: No
  • Lot Size Area: 53695

Multi Family

  • Number Of Units: 238

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2018
Closed on
May 23, 2018
Sold by
Sung Hyun Ju
Bought by
Hong Sung Bum
Seller's Agent
Olivia Noh
Compass
Buyer's Agent
Michelle Suh
KORUS Real Estate
List Price
$2,750,000
Sold Price
$2,650,000
Premium/Discount to List
-$100,000
-3.64%
Current Estimated Value
$2,206,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$443,190
Avg. Annual Appreciation
-2.30%

Purchase Details

Listed on
Feb 9, 2018
Closed on
May 15, 2018
Sold by
Shin Paul Dong Jae and Shin Julia Sil
Bought by
Hong Sung Bum
Seller's Agent
Olivia Noh
Compass
Buyer's Agent
Michelle Suh
KORUS Real Estate
List Price
$2,750,000
Sold Price
$2,650,000
Premium/Discount to List
-$100,000
-3.64%

Purchase Details

Closed on
May 8, 2013
Sold by
Solair Marketing Llc
Bought by
Shin Paul Dong Jae and Shin Julia Eun Sil
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
Hong Sung Bum -- Usa National Title Inc
Hong Sung Bum $2,650,000 Usa National Title Inc
Shin Paul Dong Jae $1,895,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shin Paul Dong Jae $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2018 05/31/18 Sold $2,650,000 -3.6% $1,104 / Sq Ft
04/06/2018 04/06/18 Pending -- -- --
02/09/2018 02/09/18 For Sale $2,750,000 -- $1,146 / 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 $35,681 $3,015,243 $1,137,827 $1,877,416
2024 $35,681 $2,956,121 $1,115,517 $1,840,604
2023 $34,980 $2,898,159 $1,093,645 $1,804,514
2022 $33,333 $2,841,333 $1,072,201 $1,769,132
2021 $32,931 $2,785,622 $1,051,178 $1,734,444
2019 $31,932 $2,703,000 $1,020,000 $1,683,000
2018 $24,518 $2,041,613 $408,322 $1,633,291
2016 $23,454 $1,962,336 $392,467 $1,569,869
2015 $23,099 $1,932,861 $386,572 $1,546,289
2014 -- $1,895,000 $379,000 $1,516,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-311254

The MLS

APN: 5503-030-207