NOT LISTED FOR SALE

Estimated Value: $547,000 - $617,000

1 Bed
1 Bath
830 Sq Ft
$757/mo HOA Fee

Last Sold August 21, 2024

Last sale price $600,000 $723 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,424/month

6 Days on Market

Highlights

  • Fitness Center
  • 1-minute walk to Wilshire/Western Station
  • City Lights View
  • 24-Hour Security
  • In Ground Pool
  • 1.47 Acre Lot

About This Home

As of August 2024

Luxury high rise condominium conveniently located in the heart of LA. This Koreatown condo has the largest floor plan for a one bedroom in The Mercury and has recently been updated with new Kahrs brand hardwood oak floors, Bosch dishwasher, Kohler kitchen faucet, Kohler toilet, Miele washer and dryer, custom Smith & Noble electric shades, kitchen light fixtures, refinished kitchen cabinets and hardware, and new paint throughout the unit. This well-maintained unit is filled with natural light, includes a walk-in closet, has a spacious balcony with picturesque views of the Hollywood Hills, Hancock Park, and Koreatown, and comes with one parking spot in the building's secure and private garage. The Mercury rooftop provides a peaceful retreat from city life and includes a state-of-the-art gym, pool, hot tub, grass lawn, BBQ area, and ample lounge areas for taking in the nearly 360 degree views of the city. The building is staffed 24/7 with attentive front desk concierge/security personnel to sign for your packages, send food/grocery delivery drivers up to your unit, and grant your guests access to guest parking. The building is also secured, requiring a key fob upon entry into the building and elevators. Within walking distance, there are ample grocery stores, shops, cafes, restaurants, doctor and dental offices, salons, transit options, etc. Larchmont Village, Hancock Park, and Melrose Hill are also nearby. This conveniently located unit makes all parts of LA easily accessible.

Last Agent to Sell the Property

Beata Mandell

The Executive Realty Group License #01392993 Listed on: 07/11/2024

Last Buyer's Agent

Tom Scrocco

Douglas Elliman of California, Inc. License #01245433

Douglas Elliman of California, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,697

Year Built

  • Built in 1962

Lot Details

  • 1.47

HOA Fees

  • $757 Monthly HOA Fees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 830 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Loft
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Parking Garage Space
  • Controlled Entrance

Additional Features

  • In Ground Pool
  • North Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5093-027-104

Community Details

Overview

  • 238 Units

Amenities

  • Sundeck
  • Community Barbecue Grill
  • Picnic Area
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,697

Year Built

Built in 1962

Lot Details

0

HOA Fees

$757 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Mercury Property Owners Association
  • Entry Floor: 11
  • Living Area: 830
  • Lot Acreage: 1.4732
  • Planned Urban Dev: 0
  • Probate: No
  • Unit Floor In Building: 11
  • Year Built: 1962
  • Number Of Photos: 31
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • 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, Washer, Range/Oven, Refrigerator
  • Price Per S Q F T: 704.82

Exterior Features

  • Direction Faces: North
  • Pool Description: Association Pool
  • Pool: Yes
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Community Garage, Controlled Entrance
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Card/Code Access

Association/Amenities

  • Amenities: Assoc Barbecue, Controlled Access, Security, Elevator, Exercise Room, Picnic Area, Pool, Sun Deck, Spa
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 756.74
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5093-027-104
  • Lot Size Area: 64171

Multi Family

  • Number Of Units: 238

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Aug 8, 2024
Sold by
Lhommedieu Justin Howard and Lhommedieu Michelle
Bought by
Lisa D Ringer 2023 Trust and Ringer
Seller's Agent
Beata Mandell
The Executive Realty Group
Buyer's Agent
Tom Scrocco
Douglas Elliman of California, Inc.
List Price
$585,000
Sold Price
$600,000
Premium/Discount to List
$15,000
2.56%
Views
4
Current Estimated Value
$575,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,856
Avg. Annual Appreciation
-3.95%
Original Mortgage
$480,000
Outstanding Balance
$475,500
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$99,644

Purchase Details

Listed on
Aug 1, 2019
Closed on
Dec 3, 2019
Sold by
Chen Ching Lin and Chen May
Bought by
Hommedieu Justin Howard L and Hommedieu Michelle L
Seller's Agent
Tony Kim
Coldwell Banker Exclusive
List Price
$534,000
Sold Price
$520,000
Premium/Discount to List
-$14,000
-2.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.11%
Original Mortgage
$467,900
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 23, 2012
Closed on
Dec 11, 2012
Sold by
Chen Ching Lin and Chen May
Bought by
Chen Ching Lin and Chen May
Seller's Agent
Robert Yun
NET Properties
Buyer's Agent
Caroline Lee
Caroline Lee, Broker
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%

Purchase Details

Listed on
Aug 23, 2012
Closed on
Sep 19, 2012
Sold by
Lee Jeong Sook
Bought by
Chen Ching Lin and Chen May
Seller's Agent
Robert Yun
NET Properties
Buyer's Agent
Caroline Lee
Caroline Lee, Broker
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
2.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2011
Sold by
Herman Sun Yo
Bought by
Lee Jeong Sook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,800
Interest Rate
4.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 2009
Sold by
The Mercury Homes Llc
Bought by
Herman Sun Yo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
5.14%
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
Lisa D Ringer 2023 Trust $600,000 Lawyers Title
Hommedieu Justin Howard L $520,000 Chicago Title
Chen Ching Lin -- None Available
Chen Ching Lin $345,000 Lawyers Title Company
Lee Jeong Sook $294,000 Chicago Title Company
Herman Sun Yo $331,000 Lawyers Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lisa D Ringer 2023 Trust $480,000
Previous Owner Lhommedieu Justin Howard $459,000
Previous Owner Hommedieu Justin Howard L $467,900
Previous Owner Chen Ching Lin $264,000
Previous Owner Lee Jeong Sook $205,800
Previous Owner Herman Sun Yo $231,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2024 08/21/24 Sold $600,000 +2.6% $723 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $585,000 +12.5% $705 / Sq Ft
12/20/2019 12/20/19 Sold $520,000 -2.6% $627 / Sq Ft
11/24/2019 11/24/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $534,000 +54.8% $643 / Sq Ft
11/06/2012 11/06/12 Sold $345,000 -1.4% $416 / Sq Ft
09/17/2012 09/17/12 Pending -- -- --
08/23/2012 08/23/12 For Sale $350,000 -- $422 / 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 $6,697 $600,000 $420,000 $180,000
2024 $6,697 $557,542 $214,439 $343,103
2023 $6,568 $546,611 $210,235 $336,376
2022 $6,260 $535,894 $206,113 $329,781
2021 $6,179 $525,387 $202,072 $323,315
2020 $6,325 $520,000 $200,000 $320,000
2019 $4,557 $380,841 $231,817 $149,024
2018 $4,548 $373,374 $227,272 $146,102
2016 $4,348 $358,878 $218,448 $140,430
2015 $4,284 $353,488 $215,167 $138,321
2014 $4,305 $346,565 $210,953 $135,612
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-414417

The MLS

APN: 5093-027-104