NOT LISTED FOR SALE

Estimated Value: $379,000 - $453,532

1 Bed
1 Bath
713 Sq Ft
$248/mo HOA Fee

Last Sold May 17, 2023

Last sale price $415,000 $582 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,941/month

2 Days on Market

Highlights

  • Gated Parking
  • Midcentury Modern Architecture
  • Living Room
  • City View
  • Elevator
  • Card or Code Access

About This Home

As of May 2023

Come see this bright, beautiful top floor 1 bed 1 bath KoreaTown/Hancock Park Condo located in the wonderful Fairmont Building. First time on the market in over 30 years. This unit offers a comfortable living space and added convenience with one parking space included in the gated subterranean garage. Featuring one bedroom and one bathroom, this unit boasts a cozy living area with ample natural light and a fully equipped kitchen. The highlight of this property is the private balcony, providing views and a great spot to enjoy morning coffee or evening drinks. With easy access to transportation, shopping, dining, and entertainment, this is the ideal home for anyone looking to experience the vibrant lifestyle of Los Angeles.

Last Agent to Sell the Property

Carlos Fitzpatrick

Compass License #01899176 Listed on: 05/01/2023

Compass

Last Buyer's Agent

Ryan O'Leary

Compass License #01947889

Compass

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1965

Lot Details

  • Gated Home

HOA Fees

  • $248 Monthly HOA Fees

Home Design

  • Midcentury Modern Architecture
  • Entry on the 3rd floor

Interior Spaces

  • 713 Sq Ft Home
  • Living Room
  • Dining Room
  • Carpet
  • City Views
  • Oven or Range
  • Laundry in Garage

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Gated Parking
  • Guest Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 5504-030-054

Community Details

Overview

  • 30 Units
  • Maintained Community

Amenities

  • Laundry Facilities
  • Elevator

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Year Built

Built in 1965

Lot Details

0

HOA Fees

$248 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Mid-Century
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: The Fairmont Homeowners Association
  • Entry Floor: 3
  • Living Area: 713
  • Lot Acreage: 0.3091
  • Planned Urban Dev: 0
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Carpet
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Community, Garage
  • Total Bathrooms: 1.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 582.05

Exterior Features

  • Pool: No
  • Spa Yn: No
  • View: City, Walk Street
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Community Garage, Subterranean, Gated Underground, Assigned

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Electric
  • Security: Gated, T.V., Card/Code Access

Association/Amenities

  • Amenities: Elevator, Guest Parking, Assoc Maintains Landscape, Gated Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 248.00
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5504-030-054
  • Lot Size Area: 13466

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
May 9, 2023
Sold by
Hughes Trust
Bought by
Reimnitz Jeremy
Seller's Agent
Carlos Fitzpatrick
Compass
Buyer's Agent
Ryan O'Leary
Compass
List Price
$415,000
Sold Price
$415,000
Views
74
Current Estimated Value
$432,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,883
Avg. Annual Appreciation
1.61%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reimnitz Jeremy $415,000 Progressive Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2023 05/17/23 Sold $415,000 0.0% $582 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $415,000 -- $582 / 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 $5,171 $431,765 $345,412 $86,353
2024 $5,171 $423,300 $338,640 $84,660
2023 $1,049 $86,385 $37,105 $49,280
2022 $1,002 $84,692 $36,378 $48,314
2021 $982 $83,032 $35,665 $47,367
2019 $951 $80,571 $34,608 $45,963
2018 $944 $78,992 $33,930 $45,062
2016 $894 $75,926 $32,613 $43,313
2015 $880 $74,787 $32,124 $42,663
2014 $891 $73,323 $31,495 $41,828
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-265301

The MLS

APN: 5504-030-054