NOT LISTED FOR SALE

540 S Kenmore Ave Unit 502 Los Angeles, CA 90020

Koreatown Neighborhood

Estimated Value: $906,000 - $1,270,000

2 Beds
3 Baths
1,870 Sq Ft
$576/mo HOA Fee

Last Sold February 24, 2021

Last sale price $875,000 $468 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,985/month

6 Days on Market

Highlights

  • Fitness Center
  • Gated with Attendant
  • Two Primary Bedrooms
  • UCLA Community School Rated A-
  • Gated Parking
  • City Lights View

About This Home

As of February 2021

2 Masters+Den & 3 FULL bathrooms define this modern condominium as your single family alternative in highly walkable Koreatown. Includes central AC, laundry in unit, and two side by side parking spaces. Light pours in via floor to ceiling living room windows leading to a private balcony with city views. Brazilian walnut hardwood floors cover the vast main living area and lavish carpeting comforts both en suite master bedrooms, also featuring floor to ceiling windows facing the setting sun. Manhattan-like walkability to award-winning cuisine makes this home a foodies paradise! 4 venues within a block have been named to LA Times 101 Best LA restaurants in the last few years. With a multitude of restaurants featuring a wide diversity of cuisine from Starbucks to Escala to Baekjeong, all less than 500 feet away you'll be spoiled for choice! Kenmore Tower is a steel and concrete building featuring on-site security, guest parking, and a well-appointed gymnasium.

Last Agent to Sell the Property

Chris Ryder

Compass License #02007962 Listed on: 02/01/2021

Compass

Last Buyer's Agent

Max Lee

Real Broker License #01905008

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,304

Year Built

  • Built in 2010

Lot Details

  • 0.4

HOA Fees

  • $576 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Gated Parking
  • Guest Parking

Home Design

  • Modern Architecture
  • Entry on the 1st floor
  • Steel Siding

Interior Spaces

  • 1,870 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Dining Area
  • Den
  • Wood Flooring
  • City Lights Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Two Primary Bathrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Central Water Heater

Additional Features

  • Balcony
  • West Facing Home

Listing and Financial Details

  • Assessor Parcel Number 5502-021-036

Community Details

Overview

  • 42 Units
  • Maintained Community
  • 8-Story Property

Amenities

  • Lobby
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Gated with Attendant
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,304

Year Built

Built in 2010

Lot Details

0

HOA Fees

$576 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: Kenmore Tower Homeowners Association
  • Entry Floor: 1
  • Entry Location: Elevator
  • Living Area: 1870
  • Lot Acreage: 0.3982
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 8
  • Unit Floor In Building: 5
  • Year Built: 2010
  • Number Of Photos: 31
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floor Plan
  • Flooring: Hardwood
  • Appliances: Gas, Cooktop - Gas, Free Standing Gas, Oven-Gas
  • Bedrooms: 2
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: 2 Master Bedrooms, WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Breakfast Area, Dining Area
  • Laundry: In Kitchen, In Unit
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Dishwasher, Dryer, Elevator, Garbage Disposal, Freezer, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 464.71

Exterior Features

  • Direction Faces: West
  • Construction: Concrete, Steel Siding
  • Other Features: Balcony, High Ceilings (9 Feet+)
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Gated
  • Total Parking: 2

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Gated Community with Guard

Association/Amenities

  • Amenities: Elevator, Assoc Maintains Landscape, Exercise Room, Fitness Center, Gated Parking, Guest Parking
  • Pet Rules: Call, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • High Rise: On-Site Guard, Passenger Elevator, Controlled Access, Entrance Lobby
  • HOA Fees: 576.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5502-021-036
  • Lot Size Area: 17347

Multi Family

  • Number Of Units: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
Feb 9, 2021
Sold by
Hong Steven H and Park Anna M
Bought by
Kang Richard Sangjin and Kang Jenny Jiyoung
Seller's Agent
Chris Ryder
Compass
Buyer's Agent
Max Lee
Real Broker
List Price
$869,000
Sold Price
$875,000
Premium/Discount to List
$6,000
0.69%
Current Estimated Value
$1,035,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,333
Avg. Annual Appreciation
3.09%

Purchase Details

Closed on
Aug 26, 2010
Sold by
Kenmore Tower Llc
Bought by
Hong Steven H and Park Anna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,700
Interest Rate
4.26%
Mortgage Type
New Conventional
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
Kang Richard Sangjin $875,000 Progressive Title
Hong Steven H $586,000 Lawyers Title Company 81
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hong Steven H $468,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2021 02/24/21 Sold $875,000 +0.7% $468 / Sq Ft
02/07/2021 02/07/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $869,000 -- $465 / 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 $11,304 $947,126 $432,972 $514,154
2024 $11,304 $928,556 $424,483 $504,073
2023 $11,087 $910,350 $416,160 $494,190
2022 $10,569 $892,500 $408,000 $484,500
2021 $8,219 $693,587 $207,126 $486,461
2020 $8,303 $686,476 $205,003 $481,473
2019 $7,969 $673,017 $200,984 $472,033
2018 $7,946 $659,822 $197,044 $462,778
2017 $7,776 $646,885 $193,181 $453,704
2016 $7,591 $634,202 $189,394 $444,808
2015 $7,478 $624,677 $186,550 $438,127
2014 $7,504 $612,441 $182,896 $429,545
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-687630

The MLS

APN: 5502-021-036