NOT LISTED FOR SALE

Estimated Value: $630,978 - $675,000

2 Beds
2 Baths
1,147 Sq Ft
$602/mo HOA Fee

Last Sold May 30, 2024

Last sale price $660,000 $575 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,698/month

15 Days on Market

Highlights

  • 24-Hour Security
  • In Ground Pool
  • View of Trees or Woods
  • Abraham Lincoln High School Rated A
  • Automatic Gate
  • 4.06 Acre Lot

About This Home

As of May 2024

Spacious top-floor end unit located at the crest of Monterey Hills. Tree-dappled light fills the open floor-plan living space, recently remodeled kitchen, generous primary suite with voluminous walk-in closet and cheerful second bedroom. Ample storage, corner fireplace, side-by-side laundry closet, dual primary bath sinks and private balcony add to the complements of this well-sorted abode. Resort-style pool, lush grounds and pickle ball courts, as well as side-by-side parking located next to the gate and elevator (a rarity!) make this one of the most enticing condominium units in the Drake Terrace complex, if not the area. Enjoy the quiet serenity of one of Northeast LA's hidden gems...while still having easy access to USC Keck Medical, North and South Pasadena, Highland Park and Eagle Rock, as well as the 110 freeway, numerous parks and Downtown LA.

Last Agent to Sell the Property

Geoffrey Martin

Compass License #01313514 Listed on: 05/02/2024

Compass

Co-Listed By

Courtney Pickard

Compass License #01948903

Last Buyer's Agent

Antonio Barraza

eXp Realty of Greater Los Angeles License #01997095

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,407

Year Built

  • Built in 1981

Lot Details

  • 4.06

HOA Fees

  • $602 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Side by Side Parking
  • Automatic Gate
  • Guest Parking
  • Assigned Parking

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,147 Sq Ft Home
  • 4-Story Property
  • Decorative Fireplace
  • Living Room
  • Dining Area
  • Laminate Flooring
  • Views of Woods
  • Security Lights

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Fence Around Pool

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5302-012-231

Community Details

Overview

  • 313 Units

Recreation

  • Tennis Courts
  • Sport Court
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,407

Year Built

Built in 1981

Lot Details

0

HOA Fees

$602 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Drake Terrace
  • Entry Floor: 3
  • Living Area: 1147
  • Lot Acreage: 4.0572
  • Planned Urban Dev: 0
  • Stories: 4
  • Unit Floor In Building: 3
  • Year Built: 1981
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Laminate
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside, In Unit, Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Freezer, Range/Oven, Dishwasher, Dryer, Elevator, Washer, Microwave, Refrigerator, Garbage Disposal
  • Price Per S Q F T: 557.98

Exterior Features

  • Pool Description: Association Pool, Fenced, Community
  • Pool: Yes
  • View: Trees/Woods, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Assigned, Gated, Side By Side
  • Total Parking: 2

Utilities

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

Association/Amenities

  • Amenities: Spa, Pool, Sport Court, Security, Tennis Courts, Elevator, Guest Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 601.91
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5302-012-231
  • Lot Size Area: 176732

Multi Family

  • Number Of Units: 313

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
May 23, 2024
Sold by
Roux Alyson and Kane James
Bought by
Barraza Israel and Barraza Antonio
Seller's Agent
Geoffrey Martin
Compass
Buyer's Agent
Antonio Barraza
eXp Realty of Greater Los Angeles
List Price
$640,000
Sold Price
$660,000
Premium/Discount to List
$20,000
3.12%
Views
46
Current Estimated Value
$653,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,255
Avg. Annual Appreciation
-0.79%

Purchase Details

Listed on
Aug 20, 2019
Closed on
Sep 10, 2019
Sold by
Lee Duk Hwan and Lee Kwi Cha
Bought by
Roux Alyson and Kane James
Seller's Agent
Benjamin Lee
Bee Investment, Inc.
Buyer's Agent
Geoffrey Martin
Compass
List Price
$478,000
Sold Price
$478,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%
Original Mortgage
$267,680
Interest Rate
3.6%

Purchase Details

Listed on
Aug 23, 2012
Closed on
Aug 15, 2012
Sold by
California Housing Finance Agency
Bought by
Lee Duk Hwan and Lee Kwi Cha
Seller's Agent
Thomas Chung
Masters Realty & Investment
Buyer's Agent
Daniel Neesan
Berkshire Hathaway HomeService
Sold Price
$1,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.07%

Purchase Details

Closed on
Mar 29, 2012
Sold by
Hwang Junho
Bought by
California Housing Finance Agency

Purchase Details

Closed on
May 1, 2007
Sold by
Hwang Ji Young
Bought by
Hwang Junho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,300
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2007
Sold by
Park Cristol Johnson Lee
Bought by
Hwang Junho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,300
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2005
Sold by
Park Cristol Johnson Lee and Lee Cristol Johnson
Bought by
Park Cristol Johnson Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,750
Interest Rate
5.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2004
Sold by
Park Joseph Soohyun
Bought by
Lee Cristol Johnson

Purchase Details

Closed on
Apr 22, 2004
Sold by
Carner Adrian G
Bought by
Lee Cristol Johnson
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
Barraza Israel $660,000 Provident Title Company
Roux Alyson $477,273 Provident Title Company
Lee Duk Hwan $258,000 First American
California Housing Finance Agency $321,847 None Available
Hwang Junho -- Chicago Title Co
Hwang Junho $408,000 Chicago Title Co
Park Cristol Johnson Lee -- Orange Coast
Lee Cristol Johnson -- Ticor Title
Lee Cristol Johnson $354,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roux Alyson $267,680
Previous Owner Hwang Junho $326,300
Previous Owner Hwang Junho $75,000
Previous Owner Park Cristol Johnson Lee $230,750
Previous Owner Carner Adrian G $137,250
Previous Owner Carner Adrian G $25,000
Previous Owner Carner Adrian G $82,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $660,000 +3.1% $575 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $640,000 +33.9% $558 / Sq Ft
09/27/2019 09/27/19 Sold $478,000 0.0% $417 / Sq Ft
09/01/2019 09/01/19 Pending -- -- --
08/20/2019 08/20/19 For Sale $478,000 0.0% $417 / Sq Ft
10/04/2012 10/04/12 Rented $1,850 0.0% --
09/24/2012 09/24/12 Under Contract -- -- --
08/23/2012 08/23/12 For Rent $1,850 0.0% --
08/22/2012 08/22/12 Sold $258,000 +3.7% $225 / Sq Ft
08/10/2012 08/10/12 Pending -- -- --
07/26/2012 07/26/12 For Sale $248,900 -- $217 / 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 $6,407 $673,200 $326,094 $347,106
2024 $6,407 $512,508 $234,060 $278,448
2023 $6,285 $502,460 $229,471 $272,989
2022 $5,995 $492,609 $224,972 $267,637
2021 $5,920 $482,951 $220,561 $262,390
2019 $3,586 $284,803 $61,043 $223,760
2018 $3,565 $279,220 $59,847 $219,373
2016 $3,403 $268,379 $57,524 $210,855
2015 $3,356 $264,348 $56,660 $207,688
2014 $3,375 $259,171 $55,551 $203,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-387124

The MLS

APN: 5302-012-231