NOT LISTED FOR SALE

Estimated Value: $572,000 - $672,000

1 Bed
1 Bath
830 Sq Ft
$645/mo HOA Fee

Last Sold November 15, 2021

Last sale price $660,000 $795 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,663/month

8 Days on Market

Highlights

  • Fitness Center
  • 1-minute walk to Wilshire/Western Station
  • Primary Bedroom Suite
  • 24-Hour Security
  • No Units Above
  • City Lights View

About This Home

As of November 2021

Don't miss your golden opportunity to be an exclusive PENTHOUSE owner at one of Koreatown's most prestigious & iconic luxury highrises, The Mercury. At 830 sq ft, it is the largest 1-bedroom floorplan in the building. Its supersized north-facing balcony (towards Hollywood Sign) has unobstructed panoramic views of the City. The unit has a large walk-in closet, stainless steel appliances, in-unit washer/dryer, recessed lights, & hardwood floors. The energy flows effortlessly throughout the spacious, naturally well-lit, open floorplan. The Penthouse level has a separate secured entrance that only the few privileged elite possess, not to mention the shortest elevator ride (only 1 floor above) to the rooftop oasis known as the SkyDeck, which soars above all buildings within its vicinity and provides unparalleled views of the Downtown Skyline, while featuring a resort-style pool, spa, fitness center, BBQ grills, & clubhouse. The Mercury also boasts 24-hour guarded security, secured resident & guest parking and is impeccably located with a Walkability scale rating of "97-Walker's Paradise".

Last Agent to Sell the Property

Shawyue Doong

SHAWYUE DOONG REALTY License #01848009 Listed on: 09/26/2021

Last Buyer's Agent

Caroline Lee

Real Brokerage Technologies License #01472468

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,330

Year Built

  • Built in 1962

Lot Details

  • No Units Above
  • Two or More Common Walls

HOA Fees

  • $645 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Interior Spaces

  • 830 Sq Ft Home
  • Living Room
  • City Lights Views

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 62784
  • Assessor Parcel Number 5093027236

Community Details

Overview

  • 240 Units
  • The Mercury Property Owners Association, Phone Number (213) 389-6434
  • Seabreeze Management Company HOA

Amenities

  • Community Barbecue Grill

Recreation

  • Community Pool

Security

  • 24-Hour Security
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,330

Year Built

Built in 1962

Lot Details

0

HOA Fees

$645 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Security: 24 Hour Security, Automatic Gate
  • View: Yes
  • Zoning: LAR4
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5093027236
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 830.00 Square Feet
  • Common Walls: 2+ Common Walls, No One Above
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 795.18
  • Room Type: Kitchen, Laundry, Living Room, Master Suite, Walk-In Closet

Exterior Features

  • View: City Lights
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Stackable, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Barbecue, Gym/Ex Room, Management, Security
  • Association Fee: 645.00
  • Association Fee Frequency: Monthly
  • Association Name: The Mercury Property Owners Association
  • Phone: (213) 389-6434
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Urban
  • Association Management: Seabreeze Management Company

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 64152.00
  • Lot Size Acres: 1.4727

Multi Family

  • Lease Considered: No
  • Lot Size Area: 64152.0000 Square Feet
  • Number Of Units In Community: 240
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2126.10
  • Tax Lot: 2
  • Tax Tract Number: 62784

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2021
Closed on
Oct 20, 2021
Sold by
Park Paul Sung
Bought by
Son Kenneth Young and Lim Soo Hyun
Seller's Agent
Shawyue Doong
SHAWYUE DOONG REALTY
Buyer's Agent
Caroline Lee
Real Brokerage Technologies
List Price
$668,000
Sold Price
$660,000
Premium/Discount to List
-$8,000
-1.2%
Current Estimated Value
$614,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,103
Avg. Annual Appreciation
-1.08%
Original Mortgage
$410,000
Outstanding Balance
$376,585
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$256,638

Purchase Details

Closed on
Mar 8, 2017
Sold by
Austin Michung
Bought by
Park Paul Sung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,100
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2009
Sold by
Cho Fred S
Bought by
Cho Soon Bok

Purchase Details

Closed on
Nov 12, 2009
Sold by
The Mercury Homes Llc
Bought by
Austin Michung
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Son Kenneth Young $660,000 Chicago Title Company
Park Paul Sung $580,000 Progressive Title Company
Cho Soon Bok -- Lawyers Title Insurance Corp
Austin Michung -- Lawyers Title Insurance Corp
Austin Michung $430,000 Lawyers Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Son Kenneth Young $410,000
Previous Owner Park Paul Sung $406,000
Previous Owner Park Paul Sung $424,100
Previous Owner Park Paul Sung $424,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2021 11/15/21 Sold $660,000 -1.2% $795 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
09/26/2021 09/26/21 For Sale $668,000 0.0% $805 / Sq Ft
08/16/2017 08/16/17 Rented $2,600 0.0% --
07/24/2017 07/24/17 Under Contract -- -- --
07/06/2017 07/06/17 Price Changed $2,600 -5.5% $3 / Sq Ft
06/22/2017 06/22/17 Price Changed $2,750 -6.8% $3 / Sq Ft
06/16/2017 06/16/17 For Rent $2,950 0.0% --
05/23/2017 05/23/17 Sold $580,000 -2.5% $699 / Sq Ft
03/03/2017 03/03/17 Pending -- -- --
02/10/2017 02/10/17 For Sale $595,000 -- $717 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,330 $700,397 $275,914 $424,483
2024 $8,330 $686,664 $270,504 $416,160
2023 $8,170 $673,200 $265,200 $408,000
2022 $7,788 $660,000 $260,000 $400,000
2021 $7,395 $621,874 $375,269 $246,605
2019 $7,171 $603,432 $364,140 $239,292
2018 $7,158 $591,600 $357,000 $234,600
2016 $5,065 $419,000 $146,000 $273,000
2015 $4,755 $393,000 $137,000 $256,000
2014 $4,261 $343,000 $120,000 $223,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21213298

California Regional Multiple Listing Service (CRMLS)

APN: 5093-027-236