NOT LISTED FOR SALE

Park Villas 525 S Ardmore Ave Unit 350 Los Angeles, CA 90020

Koreatown Neighborhood

Estimated Value: $360,000 - $428,000

1 Bed
1 Bath
580 Sq Ft
$309/mo HOA Fee

Last Sold April 26, 2024

Last sale price $415,000 $716 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,010/month

27 Days on Market

Highlights

  • Fitness Center
  • 5-minute walk to Wilshire/Normandie Station
  • Courtyard Views
  • UCLA Community School Rated A-
  • 1.69 Acre Lot
  • Meeting Room

About This Home

As of April 2024

Located in the heart of Koreatown, this property offers convenience due to its proximity to transportation, restaurants, and shopping. Featuring a generously sized bedroom and stylish amenities such as granite countertops and a brand new refrigerator and oven, this unit also boasts a spacious walk-in closet. The living area is bright and sunny, facing east and offering delightful tree-top views. Additionally, there is a second large closet in the hallway. This gated community provides security with an onsite guard and boasts low HOA fees.

Last Agent to Sell the Property

Yeon Kim

Redpoint Realty License #02035453 Listed on: 02/16/2024

Last Buyer's Agent

K Chang

The H Realty License #01722361

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,993

Year Built

  • Built in 1973

Lot Details

  • 1.69

HOA Fees

  • $309 Monthly HOA Fees

Interior Spaces

  • 580 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Laminate Flooring
  • Courtyard Views

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • 1 Covered Space
  • Automatic Gate
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 5503-024-183

Community Details

Overview

  • 175 Units

Amenities

  • Meeting Room
  • Laundry Facilities

Recreation

  • Fitness Center

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,993

Year Built

Built in 1973

Lot Details

0

HOA Fees

$309 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Garden Condo
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Park Villas
  • Entry Floor: 3
  • Living Area: 580
  • Lot Acreage: 1.6867
  • Planned Urban Dev: 0
  • Unit Floor In Building: 3
  • Year Built: 1973
  • Number Of Photos: 31
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Laminate
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Refrigerator, Garbage Disposal, Microwave, Range/Oven
  • Price Per S Q F T: 732.76

Exterior Features

  • Other Features: Balcony
  • Pool: No
  • View: Courtyard
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System

Association/Amenities

  • Amenities: Fitness Center, Meeting Room
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 309.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5503-024-183
  • Lot Size Area: 73473

Multi Family

  • Number Of Units: 175

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Apr 19, 2024
Sold by
Kwon Kevin Chungjin and Kwon Aaron Chungwon
Bought by
Chung Woo Won
Seller's Agent
Yeon Kim
Redpoint Realty
Buyer's Agent
K Chang
The H Realty
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Total Days on Market
27
Views
51
Current Estimated Value
$407,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,914
Avg. Annual Appreciation
-1.72%
Original Mortgage
$272,550
Outstanding Balance
$269,117
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$137,969

Purchase Details

Closed on
Feb 15, 2018
Sold by
Im Ji Hoon
Bought by
Kwon Kevin Chungjin and Kwon Aaron Chungwon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,900
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2005
Sold by
Gil Maria E
Bought by
Im Ji Hoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2001
Sold by
Kowalsi Susan
Bought by
Perez Adolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,750
Interest Rate
7.14%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 2001
Sold by
Perez Adolfo
Bought by
Gil Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,750
Interest Rate
7.14%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Chung Woo Won $415,000 Provident Title Company
Kwon Kevin Chungjin $367,000 First American Title Company
Im Ji Hoon $225,000 Lawyers Title
Perez Adolfo -- Lawyers Title Company
Gil Maria E $75,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chung Woo Won $272,550
Previous Owner Kwon Kevin Chungjin $242,500
Previous Owner Kwon Kevin Chungjin $256,900
Previous Owner Im Ji Hoon $152,000
Previous Owner Gil Maria E $82,500
Previous Owner Gil Maria E $72,750
Closed Im Ji Hoon $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $415,000 -2.4% $716 / Sq Ft
03/14/2024 03/14/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $425,000 -- $733 / 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
2024 $4,993 $409,390 $327,513 $81,877
2023 $4,899 $401,364 $321,092 $80,272
2022 $4,672 $393,496 $314,797 $78,699
2021 $4,612 $385,781 $308,625 $77,156
2019 $4,473 $374,340 $299,472 $74,868
2018 $3,286 $275,626 $245,006 $30,620
2016 $3,008 $254,000 $225,000 $29,000
2015 $2,758 $233,000 $206,000 $27,000
2014 $2,866 $236,000 $209,000 $27,000
Source: Public Records

Agents Affiliated with this Home

  • Yeon Kim

    Seller's Agent in 2024

    Yeon Kim

    Redpoint Realty

    (213) 587-2464

    2 in this area

    3 Total Sales

    Yeon Kim
    Section Image
  • K Chang

    Buyer's Agent in 2024

    K Chang

    The H Realty

    (213) 800-2760

    6 in this area

    29 Total Sales

    K Chang
    Section Image
See All Agents

About Park Villas

Map

Source: The MLS

MLS Number: 24-359383

The MLS

APN: 5503-024-183

California Los Angeles County Los Angeles 90020 Koreatown

525 S Ardmore Ave Unit 350, Los Angeles, CA

This home is located at 525 S Ardmore Ave Unit 350, Los Angeles, CA 90020 since 16 February 2024 and is currently estimated at $407,086, approximately $701 per square foot. This property was built in 1973. 525 S Ardmore Ave Unit 350 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.

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