NOT LISTED FOR SALE

525 S La Fayette Park Place Unit 209 Los Angeles, CA 90057

Westlake Neighborhood

Estimated Value: $348,000 - $402,389

1 Bed
1 Bath
739 Sq Ft
$275/mo HOA Fee

Last Sold November 21, 2023

Last sale price $341,250 $462 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,698/month

151 Days on Market

Highlights

  • Automatic Gate
  • Elevator
  • Central Heating and Cooling System
  • 0.49 Acre Lot
  • Views
  • 3-minute walk to Lafayette Park

About This Home

As of November 2023

Besides an amazing walking score of 95 there are tons of restaurants to enjoy on the border of Koreatown and Downtown. Welcome to this 1 bedroom 1 bathroom condo. Entertain in this open floor plan kitchen which connects to a space full of possibilities. 1 assigned parking spot.

Last Agent to Sell the Property

Bill Gross

eXp Realty of California Inc License #01022275 Listed on: 03/03/2023

eXp Realty of California Inc

Last Buyer's Agent

Bill Gross

eXp Realty of California Inc License #01022275 Listed on: 03/03/2023

eXp Realty of California Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,188

Year Built

  • Built in 1979

Lot Details

  • 0.49

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Automatic Gate
  • Assigned Parking

Home Design

  • Cosmetic Repairs Needed

Interior Spaces

  • 739 Sq Ft Home
  • 3-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5155-011-043

Community Details

Overview

  • Association fees include water, trash, sewer
  • 44 Units
  • Vine Properties Association

Amenities

  • Laundry Facilities
  • Elevator

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

$4,188

Year Built

Built in 1979

Lot Details

0

HOA Fees

$275 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Great walking area on the border of Koreatown and Downtown.
  • Complex Name: Mediterranean Chateau HOA
  • Entry Floor: 2
  • Living Area: 739
  • Lot Acreage: 0.4886
  • Planned Urban Dev: 0
  • Probate: Yes
  • Property Condition: Repair Cosmetic
  • Stories: 3
  • Unit Floor In Building: 2
  • Year Built: 1979
  • Number Of Photos: 49
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Mixed
  • 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
  • Price Per S Q F T: 404.60

Exterior Features

  • Pool: No
  • Spa Yn: No
  • View: Any
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Assigned
  • Total Parking: 1

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Gated, Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System

Association/Amenities

  • Amenities: Elevator, Gated Parking
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Water, Trash, Sewer
  • HOA Fees: 275.00
  • Management Company: Vine Properties
  • Mgmt Co 2: Eunice Lee
  • Mgmt Co Phone: 2133869000|
  • Mgmt Co 2 Phone: 2134873910|
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5155-011-043
  • Lot Size Area: 21285

Rental Info

  • Court Approve: Yes
  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2023
Sold by
Garcia Pedro
Bought by
Shinn Phoebe and Park Minna
Current Estimated Value
$378,765

Purchase Details

Listed on
Aug 21, 2012
Closed on
Oct 31, 2012
Sold by
Leafstedt Mark
Bought by
Garcia Eduardo Antonio
Seller's Agent
Patti Harris
Compass
Buyer's Agent
Patti Harris
Compass
List Price
$145,000
Sold Price
$150,000
Premium/Discount to List
$5,000
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%

Purchase Details

Closed on
Feb 8, 2012
Sold by
Boonthongjan Warayut
Bought by
Leafstedt Mark

Purchase Details

Closed on
Mar 22, 2011
Sold by
Kim Yoon Ok
Bought by
Pacific Commerce Bank N A

Purchase Details

Closed on
Jun 21, 2003
Sold by
Kim Hyun Sun and Choi Yoon Ok
Bought by
Kim Yoon Ok

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage
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
Shinn Phoebe $341,500 California Best Title
Garcia Eduardo Antonio $150,000 Fidelity National Title
Leafstedt Mark -- None Available
Pacific Commerce Bank N A $60,000 Accommodation
Kim Yoon Ok -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shinn Phoebe S $280,000
Previous Owner Kim Yoonok $125,000
Previous Owner Kim Yoon Ok $400,000
Previous Owner Kim Yoon Ok $300,000
Previous Owner Kim Yoon Ok $100,000
Previous Owner Kim Hyun Sun $150,000
Previous Owner Kim Hyun Sun $150,000
Previous Owner Kim Hyun Sun $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2023 11/21/23 Sold $341,250 +14.1% $462 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
07/20/2023 07/20/23 Price Changed $299,000 -25.3% $405 / Sq Ft
03/03/2023 03/03/23 For Sale $400,000 +166.7% $541 / Sq Ft
11/06/2012 11/06/12 Sold $150,000 +3.4% $203 / Sq Ft
10/18/2012 10/18/12 Pending -- -- --
08/21/2012 08/21/12 For Sale $145,000 -- $196 / 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 $4,188 $348,024 $163,710 $184,314
2024 $4,188 $341,200 $160,500 $180,700
2023 $2,144 $177,531 $42,131 $135,400
2022 $2,045 $174,051 $41,305 $132,746
2021 $2,013 $170,640 $40,496 $130,144
2019 $1,951 $165,581 $39,296 $126,285
2018 $1,940 $162,335 $38,526 $123,809
2016 $1,847 $156,033 $37,031 $119,002
2015 $1,819 $153,690 $36,475 $117,215
2014 $1,832 $150,680 $35,761 $114,919
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-247313

The MLS

APN: 5155-011-043