NOT LISTED FOR SALE

Estimated Value: $560,000 - $678,000

2 Beds
2 Baths
880 Sq Ft
$350/mo HOA Fee

Last Sold November 27, 2023

Last sale price $600,000 $682 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,176/month

11 Days on Market

Highlights

  • 0.65 Acre Lot
  • Main Floor Bedroom
  • Community Spa
  • UCLA Community School Rated A-
  • Sauna
  • Racquetball

About This Home

As of November 2023

LAST CALL FOR OFFERS!! THE BEST WALKING SCORE IN ALL OF LOS ANGELES!! Welcome to 525 S Berendo St, #116, Los Angeles! This Fully Renovated 2-Bedroom, 2-Bathroom Condo Offers The Perfect Blend of Modern Elegance and Urban Convenience. As You Step Inside, You'll Be Greeted By a Spacious and Inviting Living Area with a Fireplace and New Recessed Lighting. The Open Floor Plan Seamlessly Connects the Living Room, Dining Area, and Kitchen, Creating a Perfect Space For Entertaining Guests or Spending Quality Time with Family. The Kitchen Features Brand New Sleek Countertops, & New Top Line of Stainless Steel Appliances, and Ample Cabinet Space For All Your Culinary Needs. The Condo Boasts Two Beautifully Renovated Bedrooms, Each Providing a Comfortable Sanctuary to Unwind After a Long Day. The Primary Bedroom Features a Generous Walk-In Closet & An Ensuite Bathroom, Complete With a Bathtub and Modern Fixtures. The Second Bedroom is Equally Inviting and Offers Ample Storage Space. Every Detail Has Been Meticulously Attended to, With New Floors Throughout, Fresh paint, and Updated Lighting Fixtures. The Fully Renovated Bathrooms Showcase Stylish Tile Work, Modern Vanities, and Elegant Finishes. Additional Highlights of This Condo Include In-Unit Laundry, Two Designated Parking Spaces, and A Range of Amenities Within the Building. Stay Active in the Fitness Center and Racquetball Court and Also Sauna and Spa- All Available For Your Enjoyment. Situated in the Heart of Koreatown, Los Angeles, This Condo Offers Unparalleled Access to the City's Finest Dining, Shopping, and Entertainment Options. Discover the Local Restaurants and Cultural Attractions That Make This Neighborhood So Desirable. Don't Miss the Opportunity to Make This Fully Renovated, Stylish, and Contemporary Condo Your New Home! Buyer to verify all facts with their own Realtors, including and not limited to sq. footage of the unit.

Last Agent to Sell the Property

Jinny Park Macfarlane

Real Estate eBroker, Inc. License #01916688 Listed on: 10/26/2023

Co-Listed By

Max Lee

Real Broker License #01905008

Last Buyer's Agent

GARY HALL

Neighbor to Neighbor Advocates License #01742217

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,300

Year Built

  • Built in 1991

Lot Details

  • 0.65

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 880 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

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

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 49959
  • Assessor Parcel Number 5502022040

Community Details

Overview

  • 64 Units

Amenities

  • Sauna

Recreation

  • Racquetball
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,300

Year Built

Built in 1991

Lot Details

0

HOA Fees

$350 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Zoning: LAR4
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5502022040
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 880.00 Square Feet
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 681.82
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Spa/Hot Tub, Sauna, Racquetball, Pet Rules
  • Association Fee: 350.00
  • Association Fee Frequency: Monthly
  • Association Name: 525
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 28487.00
  • Lot Size Acres: 0.6540

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 28487.0000 Square Feet
  • Number Of Units In Community: 64
  • Number Of Units Total: 64

Tax Info

  • Tax Census Tract: 2121.01
  • Tax Lot: 1
  • Tax Tract Number: 49959

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2023
Closed on
Nov 15, 2023
Sold by
Kim Bruce and Kim Stephanie
Bought by
Ocampo Silvia and Torres Dolce Abigail
Seller's Agent
Jinny Park Macfarlane
Real Estate eBroker, Inc.
Buyer's Agent
GARY HALL
Neighbor to Neighbor Advocates
List Price
$605,000
Sold Price
$600,000
Premium/Discount to List
-$5,000
-0.83%
Views
49
Current Estimated Value
$614,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,862
Avg. Annual Appreciation
1.28%
Original Mortgage
$420,000
Outstanding Balance
$412,771
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$202,091

Purchase Details

Listed on
Jan 14, 2013
Closed on
Jan 18, 2013
Sold by
Park Min Koo
Bought by
Kim Bruce and Kim Stephanie
Seller's Agent
John Choi
WIN Realty & Properties
Buyer's Agent
Yong Wook Jin
Real Estate Source, Inc.
List Price
$269,000
Sold Price
$271,000
Premium/Discount to List
$2,000
0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%

Purchase Details

Closed on
Oct 4, 2010
Sold by
Us Bank National Association
Bought by
Park Min Koo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2010
Sold by
Bae Jimmy Jin
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 1, 2004
Sold by
Bae Min Jae
Bought by
Bae Jimmy Jin

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
1.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2004
Sold by
Go Geun Sik
Bought by
Bae Jimmy Jin

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
1.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2002
Sold by
Kang Young A
Bought by
Go Geun Sik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.13%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 16, 2002
Sold by
Kim Il Sun
Bought by
Go Geun Sik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.13%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 29, 1999
Sold by
Lee Kate Insook
Bought by
Kim Il Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,521
Interest Rate
4.45%

Purchase Details

Closed on
Mar 24, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Lee Kate Insook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,520
Interest Rate
7.63%

Purchase Details

Closed on
Nov 15, 1996
Sold by
Pnc Mtg Corp Of American
Bought by
Federal Home Loan Mortgage Corporation
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
Ocampo Silvia $600,000 California Best Title
Kim Bruce $271,000 Stewart Title Of Ca Inc
Park Min Koo $214,000 Lsi Title Company Ca
Us Bank National Association $233,798 Accommodation
Bae Jimmy Jin -- --
Bae Jimmy Jin $350,000 --
Go Geun Sik -- First American Title Co
Go Geun Sik $210,000 First American Title Co
Kim Il Sun $128,500 North American Title Co
Lee Kate Insook $77,000 Orange Coast Title
Federal Home Loan Mortgage Corporation -- First American Title Ins Co
Pnc Bank Na $65,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ocampo Silvia $420,000
Previous Owner Park Min Koo $171,200
Previous Owner Bae Jimmy Jin $280,000
Previous Owner Go Geun Sik $210,000
Previous Owner Kim Il Sun $115,521
Previous Owner Lee Kate Insook $61,520
Closed Go Geun Sik $21,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/27/2023 11/27/23 Sold $600,000 +0.2% $682 / Sq Ft
10/31/2023 10/31/23 Price Changed $599,000 -1.0% $681 / Sq Ft
10/26/2023 10/26/23 For Sale $605,000 +123.2% $688 / Sq Ft
02/04/2013 02/04/13 Sold $271,000 +0.7% $308 / Sq Ft View Prior Sale
01/17/2013 01/17/13 Pending -- -- --
01/14/2013 01/14/13 For Sale $269,000 -- $306 / 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 $7,300 $612,000 $437,172 $174,828
2024 $7,300 $600,000 $428,600 $171,400
2023 $3,953 $320,749 $134,926 $185,823
2022 $3,771 $314,461 $132,281 $182,180
2021 $3,719 $308,296 $129,688 $178,608
2019 $3,608 $299,154 $125,843 $173,311
2018 $3,598 $293,289 $123,376 $169,913
2016 $3,437 $281,902 $118,586 $163,316
2015 $3,387 $277,668 $116,805 $160,863
2014 $3,405 $272,229 $114,517 $157,712
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23200090

California Regional Multiple Listing Service (CRMLS)

APN: 5502-022-040