NOT LISTED FOR SALE

424 S Westmoreland Ave Unit 306 Los Angeles, CA 90020

Koreatown Neighborhood

Estimated Value: $565,000 - $736,000

2 Beds
2 Baths
990 Sq Ft
$320/mo HOA Fee

Last Sold November 23, 2020

Last sale price $512,500 $518 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,190/month

6 Days on Market

Highlights

  • In Ground Pool
  • Gated Parking
  • 0.47 Acre Lot
  • Primary Bedroom Suite
  • Updated Kitchen
  • 2-minute walk to Shatto Recreation Center

About This Home

As of November 2020

Come and check out this beautiful contemporary condominium located in the heart of Los Angeles! This modern 2 bed and 2 full bath home features a spacious open floor plan with recessed lighting, frosted glass doors, Nest thermometer, and laminate hardwood floors. The recently remodeled kitchen offers premium stainless-steel appliances, quartz countertops, and white shaker cabinets. Both bedrooms offer expansive layouts with plenty of natural light. The master bedroom has a walk-in closet, and en-suite bathroom upgraded with a new bathtub, toilet, granite countertops, and cabinets. The home comes with assigned tandem parking spaces in a secured garage. Water, and trash are included in the low HOA fee. Community amenities include a washer and dryer on every floor and a pool. Walking distance to the metro lines, restaurants, markets, bars, and LA nightlife. Quick drive to the 110, 10, 101 Freeway. Come make this amazing home yours before it's gone!

Last Agent to Sell the Property

Stephanie Lam

168 Realty Inc. License #02051154 Listed on: 10/13/2020

Last Buyer's Agent

Kin Ly

eXp Realty of California Inc License #01855582

eXp Realty of California Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,645

Year Built

  • Built in 1982 | Remodeled

Lot Details

  • 0.47

HOA Fees

  • $320 Monthly HOA Fees

Parking

  • 130 Car Garage
  • Parking Available
  • Gated Parking
  • Assigned Parking
  • Controlled Entrance
  • Community Parking Structure

Interior Spaces

  • 990 Sq Ft Home
  • Open Floorplan
  • Recessed Lighting
  • Blinds
  • Living Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Microwave

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Private Water Closet
  • Bathtub with Shower

Home Security

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Additional Features

  • 1 Common Wall
  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 40993
  • Assessor Parcel Number 5077002069

Community Details

Overview

  • 40 Units
  • Westmoreland Chateau Association, Phone Number (213) 387-4189

Recreation

  • Community Pool

Pet Policy

  • Pet Restriction

Additional Features

  • Laundry Facilities
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,645

Year Built

Built in 1982 | Remodeled

Lot Details

0

HOA Fees

$320 per month

Parking

130

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Fridge, Microwave, Stove, Dishwasher
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • View: No
  • Zoning: LAR4
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5077002069
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 990.00 Square Feet
  • Interior Amenities: Open Floorplan, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Counter / Bar
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 517.68
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Suite
  • Window Features: Blinds
  • Bathroom Features: Shower In Tub, Granite Counters, Privacy Toilet Door
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Pool Features: Community, In Ground
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 130.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Controlled Entrance, Garage, Gated
  • Total Parking Spaces: 130.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Gas, Trash, Water, Pet Rules
  • Association Fee: 320.00
  • Association Fee Frequency: Monthly
  • Association Name: Westmoreland Chateau
  • Phone: 213-387-4189
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban
  • Association Management: Westmoreland Chateau

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 20437.00
  • Lot Size Acres: 0.4692

Multi Family

  • Lease Considered: No
  • Lot Size Area: 20437.0000 Square Feet
  • Number Of Units In Community: 40
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2111.20
  • Tax Lot: 1
  • Tax Tract Number: 40993

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Nov 18, 2020
Sold by
Lau Byron
Bought by
Yin Stacey H
Seller's Agent
Stephanie Lam
168 Realty Inc.
Buyer's Agent
Kin Ly
eXp Realty of California Inc
List Price
$515,000
Sold Price
$512,500
Premium/Discount to List
-$2,500
-0.49%
Current Estimated Value
$605,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,236
Avg. Annual Appreciation
3.94%
Original Mortgage
$384,000
Outstanding Balance
$343,261
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$271,657

Purchase Details

Listed on
Mar 10, 2017
Closed on
Mar 20, 2017
Sold by
Lee Kyung Tai
Bought by
Lau Byron
Seller's Agent
Wonnie Kim
Won Suk Kim Real Estate, Inc.
Buyer's Agent
Edward Ong
Corpen Real Estate Group
List Price
$349,000
Sold Price
$446,000
Premium/Discount to List
$97,000
27.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.95%
Original Mortgage
$356,800
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2017
Closed on
Mar 16, 2017
Sold by
Lee Je Yun
Bought by
Lee Kyung Tai
Seller's Agent
Wonnie Kim
Won Suk Kim Real Estate, Inc.
Buyer's Agent
Edward Ong
Corpen Real Estate Group
List Price
$349,000
Sold Price
$446,000
Premium/Discount to List
$97,000
27.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,800
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2016
Closed on
Jan 11, 2017
Sold by
The Bank Of New York Mellon
Bought by
Lee Kyung Tai
Seller's Agent
Joyce Essex Harvey
Coldwell Banker Realty
Buyer's Agent
Wonnie Kim
Won Suk Kim Real Estate, Inc.
List Price
$400,900
Sold Price
$349,650
Premium/Discount to List
-$51,250
-12.78%

Purchase Details

Closed on
Nov 2, 2016
Sold by
Oh Young Seok
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 23, 2012
Sold by
Oh Young Seok
Bought by
424 South Westmoreland Avenue #306 Trust

Purchase Details

Closed on
Feb 22, 2005
Sold by
Kim June Song
Bought by
Oh Young Seok

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 20, 2005
Sold by
Yi Connie
Bought by
Oh Young Seok

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 15, 2004
Sold by
Kim Hyung Kap
Bought by
Yi Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2003
Sold by
Park Tae Sook
Bought by
Kim Hyung Kap

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 10, 2003
Sold by
Kim Young Ae
Bought by
Kim Hyung Kap

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 27, 2003
Sold by
Duran Froilan and Duran Analie Fajardo
Bought by
Park Tae Sook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2003
Sold by
Park Hong Joon
Bought by
Park Tae Sook

Purchase Details

Closed on
Jan 3, 2001
Sold by
Fajardo Reynaldo and Fajardo Alicia S
Bought by
Duran Froilan and Duran Analie Fajardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
6.89%

Purchase Details

Closed on
Jun 24, 1994
Sold by
State Street Bank & Trust Company
Bought by
Fajardo Reynaldo and Fajardo Alicia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,700
Interest Rate
8.8%
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
Yin Stacey H $512,500 Wfg National Title Ca
Lau Byron $446,000 Lawyers Title
Lee Kyung Tai -- Lawyers Title
Lee Kyung Tai $350,000 Title 365
The Bank Of New York Mellon $354,203 Stewart Title
424 South Westmoreland Avenue #306 Trust -- None Available
Oh Young Seok -- Stewart Title
Oh Young Seok $370,000 Stewart Title
Yi Connie $350,000 First American Title Company
Kim Hyung Kap $273,000 First American Title Co
Kim Hyung Kap -- First American Title Co
Park Tae Sook $243,000 Chicago Title Co
Park Tae Sook -- Chicago Title Co
Duran Froilan $147,000 Investors Title Company
Fajardo Reynaldo $86,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yin Stacey H $384,000
Previous Owner Lau Byron $356,800
Previous Owner Lee Kyung Tai $180,000
Previous Owner Oh Young S $125,400
Previous Owner Oh Young Seok $296,000
Previous Owner Yi Connie $280,000
Previous Owner Kim Hyung Kap $204,750
Previous Owner Park Tae Sook $194,400
Previous Owner Duran Froilan $135,000
Previous Owner Duran Froilan $117,600
Previous Owner Fajardo Reynaldo $81,700
Closed Yi Connie $70,000
Closed Oh Young Seok $37,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $512,500 -0.5% $518 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $515,000 +15.5% $520 / Sq Ft
04/21/2017 04/21/17 Sold $446,000 +27.8% $451 / Sq Ft
03/21/2017 03/21/17 Pending -- -- --
03/10/2017 03/10/17 For Sale $349,000 -0.2% $353 / Sq Ft
01/30/2017 01/30/17 Sold $349,650 -12.8% $353 / Sq Ft
01/03/2017 01/03/17 Pending -- -- --
12/05/2016 12/05/16 For Sale $400,900 -- $405 / 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 $6,645 $554,744 $440,548 $114,196
2024 $6,645 $543,867 $431,910 $111,957
2023 $6,519 $533,204 $423,442 $109,762
2022 $6,216 $522,750 $415,140 $107,610
2021 $6,136 $512,500 $407,000 $105,500
2020 $5,707 $473,296 $360,703 $112,593
2019 $5,478 $464,017 $353,631 $110,386
2018 $5,462 $454,920 $346,698 $108,222
2016 $3,709 $303,722 $195,326 $108,396
2015 $3,655 $299,161 $192,393 $106,768
2014 $3,427 $273,000 $206,400 $66,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR20216528

California Regional Multiple Listing Service (CRMLS)

APN: 5077-002-069