NOT LISTED FOR SALE

Estimated Value: $504,000 - $583,000

1 Bed
1 Bath
720 Sq Ft
$649/mo HOA Fee

Last Sold May 03, 2018

Last sale price $458,000 $636 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,989/month

7 Days on Market

Highlights

  • Concierge
  • 1-minute walk to Wilshire/Western Station
  • In Ground Pool
  • Fitness Center
  • 24-Hour Security
  • Automatic Gate

About This Home

As of May 2018

LUXURY HIGH RISE CONDOMINIUM IN Mid-Wilshire District!! GREAT LOCATION AND SHOPPING MALLS NEARBY. UNIT HAS A GREAT CITY VIEWS. CLOSE TO DOWNTOWN LA AND HOLLYWOOD. Washer/Dryer Inside the unit. Excellent location close to subways (Purple Line & Red Line), shops, stores, and TONS of restaurants. Adjacent to the famous Wiltern Theater. Amenities include 24 hour security, ROOFTOP Pool, Spa, Sun Deck, BBQ, GYM. Again, BREATHTAKING views on the roof.

Last Agent to Sell the Property

Brandon Park

RISE real estate company License #01416244 Listed on: 03/26/2018

Last Buyer's Agent

Nima Tehrany

Compass License #01305628

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,214

Year Built

  • Built in 1962

Lot Details

  • 1.47

HOA Fees

  • $649 Monthly HOA Fees

Property Views

  • Views of a landmark

Home Design

  • Modern Architecture
  • Entry on the 10th floor

Interior Spaces

  • 720 Sq Ft Home
  • Living Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Wood

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Parking

  • Automatic Gate
  • Guest Parking

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5093-027-100

Community Details

Overview

  • 238 Units
  • High-Rise Condominium
  • Maintained Community
  • 23-Story Property

Amenities

  • Concierge
  • Sundeck
  • Community Barbecue Grill
  • Picnic Area
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access
  • Fire and Smoke Detector
  • Fire Sprinkler System
  • Firewall

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,214

Year Built

Built in 1962

Lot Details

0

HOA Fees

$649 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: The Mercury
  • Entry Floor: 10
  • Living Area: 720
  • Planned Urban Dev: 1
  • Stories: 23
  • Unit Floor In Building: 10
  • Year Built: 1962
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Bamboo, Wood
  • 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 Closet
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 623.61

Exterior Features

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

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Community Garage, Parking for Guests - Onsite

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Automatic Gate, Community, Fire and Smoke Detection System, Fire Sprinklers, Firewall(s), Gated Community with Guard, Resident Manager, Smoke Detector

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Concierge, Controlled Access, Elevator, Fitness Center, Gated Community Guard, Gated Parking, Guest Parking, Onsite Property Management, Picnic Area, Pool, Security, Spa, Sun Deck
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 649.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5093-027-100
  • Geocode Override: No
  • Lot Size Area: 64152

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 238

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2018
Closed on
Apr 27, 2018
Sold by
A & K Beauty Inc
Bought by
Needham Jeffrey S and Needham Jeffrey P
Seller's Agent
Brandon Park
RISE real estate company
Buyer's Agent
Nima Tehrany
Compass
List Price
$449,000
Sold Price
$458,000
Premium/Discount to List
$9,000
2%
Current Estimated Value
$533,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,851
Avg. Annual Appreciation
2.07%
Original Mortgage
$333,000
Outstanding Balance
$283,958
Interest Rate
3.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$249,893

Purchase Details

Listed on
Mar 26, 2018
Closed on
Apr 12, 2018
Sold by
Needham Eileen M
Bought by
Needham Jeffrey P
Seller's Agent
Brandon Park
RISE real estate company
Buyer's Agent
Nima Tehrany
Compass
List Price
$449,000
Sold Price
$458,000
Premium/Discount to List
$9,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Outstanding Balance
$283,958
Interest Rate
3.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$249,893

Purchase Details

Closed on
Feb 16, 2018
Sold by
Kwak Keun Ja
Bought by
A & K Beauty Inc

Purchase Details

Closed on
Mar 22, 2017
Sold by
Lee Hong Hoon
Bought by
Kwak Keun Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,375
Interest Rate
5.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 23, 2009
Sold by
The Mercury Homes Llc
Bought by
Lee Hong Hoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,600
Interest Rate
4.91%
Mortgage Type
Commercial
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
Needham Jeffrey S $458,000 Ticor Title Company
Needham Jeffrey P -- Ticor Title Company
A & K Beauty Inc -- None Available
Kwak Keun Ja $425,000 Ticor Title Company Of Ca
Lee Hong Hoon $268,000 Lawyers Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Needham Jeffrey S $333,000
Previous Owner Kwak Keun Ja $324,375
Previous Owner Lee Hong Hoon $187,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2018 05/03/18 Sold $458,000 +2.0% $636 / Sq Ft
04/02/2018 04/02/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $449,000 0.0% $624 / Sq Ft
06/23/2017 06/23/17 Rented $2,275 0.0% --
06/14/2017 06/14/17 Price Changed $2,275 -1.1% $3 / Sq Ft
06/04/2017 06/04/17 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 $6,214 $521,118 $186,600 $334,518
2024 $6,214 $510,901 $182,942 $327,959
2023 $6,096 $500,884 $179,355 $321,529
2022 $5,812 $491,064 $175,839 $315,225
2021 $5,738 $481,437 $172,392 $309,045
2019 $5,565 $467,160 $167,280 $299,880
2018 $5,383 $443,700 $265,200 $178,500
2016 $3,549 $292,225 $102,496 $189,729
2015 $3,497 $287,837 $100,957 $186,880
2014 $3,516 $282,200 $98,980 $183,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-326570

The MLS

APN: 5093-027-100