NOT LISTED FOR SALE

525 S La Fayette Park Place Unit 114 Los Angeles, CA 90057

Westlake Neighborhood

Estimated Value: $340,000 - $395,000

1 Bed
1 Bath
602 Sq Ft
$250/mo HOA Fee

Last Sold May 01, 2024

Last sale price $379,000 $630 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,682/month

9 Days on Market

Highlights

  • Gated Community
  • 0.49 Acre Lot
  • Elevator
  • City Lights View
  • Mediterranean Architecture
  • 3-minute walk to Lafayette Park

About This Home

As of May 2024

Specious floor plan. 1 bed + 1 bath, 1 parking. Well maintenance. Good investor or for starter home. Low homeowners fee. Granite counter tops with eating bar. Close proximity to Downtown LA, LA Live, Wilshire Blvd., Korea town, Hollywood, and other LA Urban Areas. Close to bus lines and Metro Station. Great Opportunity at a Great Price! Owner is motivated to sell.

Last Agent to Sell the Property

Edward Park

Wilshire Metro Realty, Inc. License #01463709 Listed on: 03/14/2024

Last Buyer's Agent

Francoise Crannell

License #0107452

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,455

Year Built

  • Built in 1979

Lot Details

  • 0.49

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • Controlled Entrance

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 602 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • City Lights Views

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5155-011-030

Community Details

Overview

  • 40 Units

Amenities

  • Laundry Facilities
  • Elevator

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,455

Year Built

Built in 1979

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Mediterranean
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Mediteranean Chateau
  • Entry Floor: 2
  • Living Area: 602
  • Lot Acreage: 0.4888
  • Planned Urban Dev: 0
  • Unit Floor In Building: 2
  • Year Built: 1979
  • Number Of Photos: 19
  • 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: Garbage Disposal, Microwave, Range/Oven, Refrigerator, Ceiling Fan
  • Price Per S Q F T: 629.57

Exterior Features

  • Pool: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Community Garage, Controlled Entrance, Garage - 1 Car

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated, Community

Association/Amenities

  • Amenities: Assoc Pet Rules, Elevator, Gated Community

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 250.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5155-011-030
  • Lot Size Area: 21291

Multi Family

  • Number Of Units: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Apr 24, 2024
Sold by
Pak Jamie
Bought by
Recher Emmanuelle E
Seller's Agent
Edward Park
Wilshire Metro Realty, Inc.
Buyer's Agent
Francoise Crannell
List Price
$399,000
Sold Price
$379,000
Premium/Discount to List
-$20,000
-5.01%
Views
60
Current Estimated Value
$376,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,606
Avg. Annual Appreciation
0.02%
Original Mortgage
$229,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 30, 2018
Closed on
Sep 18, 2018
Sold by
Ayala David
Bought by
Pak Jamie
Seller's Agent
Peter Oh
Keller Williams Larchmont
Buyer's Agent
Bong Sung
Max Mega Group
List Price
$320,000
Sold Price
$333,000
Premium/Discount to List
$13,000
4.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.34%

Purchase Details

Listed on
Apr 21, 2014
Closed on
Jun 27, 2014
Sold by
Martin Robert E
Bought by
Ayala David and Lcheng Sophia
Seller's Agent
John Davidson
Millennium Realty
Buyer's Agent
Leti Vandensteen
John Aaroe Group Inc.
List Price
$249,000
Sold Price
$234,000
Premium/Discount to List
-$15,000
-6.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%
Original Mortgage
$166,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 1996
Sold by
State Street Bank & Trust Company
Bought by
Martin Robert E

Purchase Details

Closed on
Aug 22, 1995
Sold by
La Fayette Park Place Ltd
Bought by
State Street Bank & Trust Company

Purchase Details

Closed on
Jan 23, 1995
Sold by
Ha Kee Whan and Ha Kyung Hee
Bought by
Mediterranean Chateau Condominiums
Source: Public Records

Range of Values:

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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
Recher Emmanuelle E $379,000 Provident Title Company
Recher Emmanuelle E -- Provident Title Company
Pak Jamie $333,000 Usa National Title Inc
Ayala David $234,000 Title365 Company
Martin Robert E -- Title365 Company
Martin Robert E $13,500 Old Republic Title
State Street Bank & Trust Company $46,444 American Title Ins Co
Mediterranean Chateau Condominiums $3,852 Southern California Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Recher Emmanuelle E $229,000
Closed Recher Emmanuelle E $229,000
Previous Owner Pak Jamie $210,000
Previous Owner Ayala David $166,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Sold $379,000 0.0% $630 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
03/19/2024 03/19/24 Price Changed $379,000 -5.0% $630 / Sq Ft
03/14/2024 03/14/24 For Sale $399,000 +19.8% $663 / Sq Ft
09/25/2018 09/25/18 Sold $333,000 +4.1% $553 / Sq Ft
09/07/2018 09/07/18 Pending -- -- --
08/30/2018 08/30/18 For Sale $320,000 +36.8% $532 / Sq Ft
07/23/2014 07/23/14 Sold $234,000 -4.1% $389 / Sq Ft
05/28/2014 05/28/14 Price Changed $244,000 -2.0% $405 / Sq Ft
04/21/2014 04/21/14 For Sale $249,000 -- $414 / 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 $4,455 $386,580 $236,538 $150,042
2024 $4,455 $364,181 $109,363 $254,818
2023 $4,372 $357,041 $107,219 $249,822
2022 $4,169 $350,041 $105,117 $244,924
2021 $4,115 $343,178 $103,056 $240,122
2020 $4,157 $339,660 $102,000 $237,660
2019 $3,991 $333,000 $100,000 $233,000
2018 $3,030 $247,162 $147,664 $99,498
2017 $2,965 $242,317 $144,769 $97,548
2016 $2,896 $237,567 $141,931 $95,636
2015 $2,854 $234,000 $139,800 $94,200
2014 $496 $34,526 $7,962 $26,564
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2024

    Edward Park

    Wilshire Metro Realty, Inc.

    (213) 308-4989

    3 in this area

    8 Total Sales

    Section Image
  • Francoise Crannell

    Buyer's Agent in 2024

    Francoise Crannell

    (310) 567-8270

    1 in this area

    7 Total Sales

    Section Image
  • Peter Oh

    Seller's Agent in 2018

    Peter Oh

    Keller Williams Larchmont

    (323) 762-2600

    1 in this area

    24 Total Sales

    Section Image
  • Myron Bang

    Seller Co-Listing Agent in 2018

    Myron Bang

    Keller Williams Larchmont

    (858) 722-3041

    14 Total Sales

    Section Image
  • Bong Sung

    Buyer's Agent in 2018

    Bong Sung

    RE/MAX

    (213) 700-7676

    1 in this area

    31 Total Sales

    Section Image

  • J

    Seller's Agent in 2014

    John Davidson

    Millennium Realty

    Section Image
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Map

Source: The MLS

MLS Number: 24-369007

The MLS

APN: 5155-011-030

California Los Angeles County Los Angeles 90057 Westlake

525 S La Fayette Park Place Unit 114, Los Angeles, CA

This home is located at 525 S La Fayette Park Place Unit 114, Los Angeles, CA 90057 since 14 March 2024 and is currently estimated at $379,116, approximately $629 per square foot. This property was built in 1979. 525 S La Fayette Park Place Unit 114 is a home located in Los Angeles County with nearby schools including Charles White Elementary School, Virgil Middle School, and Belmont High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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