NOT LISTED FOR SALE

Park Villas 525 S Ardmore Ave Unit 212 Los Angeles, CA 90020

Koreatown Neighborhood

Estimated Value: $248,000 - $331,000

1 Bed
1 Bath
368 Sq Ft
$295/mo HOA Fee

Last Sold April 09, 2024

Last sale price $289,000 $785 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,076/month

33 Days on Market

Highlights

  • Fitness Center
  • 5-minute walk to Wilshire/Normandie Station
  • Gated Parking
  • UCLA Community School Rated A-
  • In Ground Spa
  • 1.69 Acre Lot

About This Home

As of April 2024

COZY STUDIO IN THE HEART OF KOREA TOWN. Located in a highly walk-able location, you'll have easy access to some of the best nightlife, restaurants, and shopping in the city. You're just minutes from Downtown Los Angeles, Silver Lake, Hollywood, and Beverly Hills, allowing you to experience everything Los Angeles has to offer. The loft studio room features a generously sized living studio with laminated wood flooring, large double insulated window which provides a ton of natural light, open kitchen with full-size range and refrigerator, with room for bar stools. A full bathroom with tub and shower combo and two good size closets. This unit features a dual air conditioning and heating unit, ensuring that you're always comfortable no matter the season. The building amenities include an in-ground spa, fitness center, laundry facility, gated parking garage (1- assigned space) Water, Trash. LOW HOA . This property can also generate $1500 per month rent for an investment. Please note, the county assessor says "1 bedroom" but unit is a studio.

Last Agent to Sell the Property

Heather Thompson-Morera

HomeSmart Evergreen Realty Brokerage Phone: 805-657-5185 License #01942998 Listed on: 02/05/2024

HomeSmart Evergreen Realty

Last Buyer's Agent

Heather Thompson-Morera

HomeSmart Evergreen Realty Brokerage Phone: 805-657-5185 License #01942998 Listed on: 02/05/2024

HomeSmart Evergreen Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,386

Year Built

  • Built in 1973

Lot Details

  • Two or More Common Walls
  • Landscaped
  • Garden

HOA Fees

  • $295 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Gated Parking
  • Parking Lot
  • Assigned Parking
  • Controlled Entrance
  • Community Parking Structure

Property Views

  • Park or Greenbelt
  • Neighborhood

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 368 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Insulated Windows
  • Loft
  • Laminate Flooring
  • Home Security System
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Laminate Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Makeup or Vanity Space
  • Bathtub with Shower

Outdoor Features

  • In Ground Spa
  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 23356
  • Assessor Parcel Number 5503024086
  • $71 per year additional tax assessments

Community Details

Overview

  • 175 Units
  • Park Villas Association, Phone Number (213) 465-4858
  • Apple Tree HOA

Amenities

  • Picnic Area
  • Recreation Room
  • Laundry Facilities

Recreation

  • Fitness Center
  • Community Spa

Security

  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,386

Year Built

Built in 1973

Lot Details

0

HOA Fees

$295 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Security: Security System
  • View: Yes
  • Zoning: LAR4
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5503024086
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 368.00 Square Feet
  • Stories: 1
  • Entry Location: 2nd floor
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 2
  • Levels: One
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 785.33
  • Room Type: Loft
  • Spa Features: Association, Community, In Ground
  • Window Features: Double Pane Windows, Insulated Windows
  • Bathroom Features: Shower In Tub, Vanity Area
  • Room Kitchen Features: Laminate Counters

Exterior Features

  • View: Neighborhood, Park/Greenbelt
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Controlled Entrance, Covered, Gated, Parking Space
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Spa/Hot Tub, Picnic Area, Gym/Ex Room, Recreation Room, Management, Security, Controlled Access
  • Association Fee: 295.00
  • Association Fee Frequency: Monthly
  • Association Name: Park Villas
  • Phone: 2134654858
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
  • Association Management: Apple Tree

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Landscaped
  • Lot Size Sq Ft: 73473.00
  • Lot Size Acres: 1.6867
  • Latitude Manual: 34.06511700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 73473.0000 Square Feet
  • Number Of Units In Community: 175
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2118.02
  • Tax Lot: 1
  • Tax Tract Number: 23356
  • TaxOtherAnnualAssessmentAmount: 71.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
Mar 11, 2024
Sold by
Park Chul
Bought by
Navarro Israel A
Seller's Agent
Heather Thompson-Morera
HomeSmart Evergreen Realty
Buyer's Agent
Heather Thompson-Morera
HomeSmart Evergreen Realty
List Price
$320,000
Sold Price
$289,000
Premium/Discount to List
-$31,000
-9.69%
Views
252
Current Estimated Value
$297,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,144
Avg. Annual Appreciation
1.91%
Original Mortgage
$231,200
Outstanding Balance
$227,546
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$69,598

Purchase Details

Closed on
Dec 1, 2014
Sold by
Kim So Yeon
Bought by
Park Chul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2010
Sold by
Kim Sang Mok
Bought by
Kim So Yeon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,040
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2010
Sold by
Yu Deok Sang
Bought by
Kim So Yeon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,040
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2005
Sold by
Whang Hye Won
Bought by
Yu Deok Sang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 25, 2005
Sold by
Ortiz Elvira C
Bought by
Yu Deok Sang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 3, 2002
Sold by
Tomicich Susana
Bought by
Ortiz Elvira C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,600
Interest Rate
6.25%

Purchase Details

Closed on
Aug 28, 2000
Sold by
Iannuzzi Salvatore A
Bought by
Tomicich Susana
Source: Public Records

Range of Values:

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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
Navarro Israel A $289,000 Corinthian Title Company
Park Chul $170,000 Chicago Title Company
Kim So Yeon -- Accommodation
Kim So Yeon $74,000 Stewart Title Of California
Yu Deok Sang -- Gateway Title Company
Yu Deok Sang $162,000 Gateway Title Company
Ortiz Elvira C $68,000 Commonwealth Land Title
Tomicich Susana $39,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Navarro Israel A $231,200
Previous Owner Park Chul $136,000
Previous Owner Kim So Yeon $59,040
Previous Owner Yu Deok Sang $129,600
Previous Owner Ortiz Elvira C $47,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2024 04/09/24 Sold $289,000 -3.7% $785 / Sq Ft
03/09/2024 03/09/24 Pending -- -- --
02/14/2024 02/14/24 Price Changed $299,999 -6.3% $815 / Sq Ft
02/05/2024 02/05/24 For Sale $320,000 -- $870 / 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 $2,386 $294,780 $60,180 $234,600
2024 $2,386 $200,297 $155,646 $44,651
2023 $2,342 $196,371 $152,595 $43,776
2022 $2,234 $192,521 $149,603 $42,918
2021 $2,201 $188,747 $146,670 $42,077
2019 $2,133 $183,151 $142,321 $40,830
2018 $2,125 $179,561 $139,531 $40,030
2016 $2,029 $172,591 $134,114 $38,477
2015 $1,998 $170,000 $132,100 $37,900
2014 $1,006 $77,129 $30,099 $47,030
Source: Public Records

Agents Affiliated with this Home

  • Heather Thompson-Morera

    Seller's Agent in 2024

    Heather Thompson-Morera

    HomeSmart Evergreen Realty

    (805) 657-5185

    1 in this area

    108 Total Sales

    Heather Thompson-Morera
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About Park Villas

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24025330

California Regional Multiple Listing Service (CRMLS)

APN: 5503-024-086

California Los Angeles County Los Angeles 90020 Koreatown

525 S Ardmore Ave Unit 212, Los Angeles, CA

This home is located at 525 S Ardmore Ave Unit 212, Los Angeles, CA 90020 since 05 February 2024 and is currently estimated at $297,144, approximately $807 per square foot. This property was built in 1973. 525 S Ardmore Ave Unit 212 is a home located in Los Angeles County with nearby schools including UCLA Community School, Young Oak Kim Academy, and Rfk Community Schools-Ambassador-Global Leadership.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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