$400,000
SOLD OCT 29, 2022
-- Bed
1 Bath
537 Sq Ft
$386/mo HOA Fee

Recently Sold

$745 Per Sq Ft

6% Below List Price

100 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • 1.18 Acre Lot
  • Gated with Attendant
  • City Lights View
  • Contemporary Architecture

About This Home

As of October 2022

Charming, contemporary, one of a kind studio unit in near Hancock Park borders Korea-town near shopping centers, movie theatre, and restaurants. Just a short drive to LACMA, DTLA, and Hollywood; This home is in the center of it all. Brand new carpet flooring throughout the unit, North facing End-unit with city views. Cozy gas fireplace in living room, dual pane & energy efficient windows, brand new stove. Luxury amenities including, fitness room w/dry sauna, pool & spa, sun deck, exercise room, and on-site management &security. Surveillance cameras all around the building. Bring your clients, I assure you they will fall in love with this studio!

Last Agent to Sell the Property

Sukyoung Lee

Redpoint Realty License #01891854 Listed on: 07/11/2022

Last Buyer's Agent

Bong Sung

Max Mega Group License #01791678

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,971

Year Built

  • Built in 1990

Lot Details

  • End Unit
  • North Facing Home
  • Sprinkler System

HOA Fees

  • $386 Monthly HOA Fees

Parking

  • 1 Parking Space

Property Views

  • Mountain

Home Design

  • Mid Level
  • Contemporary Architecture

Interior Spaces

  • 537 Sq Ft Home
  • 4-Story Property
  • Double Pane Windows
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 1 Full Bathroom
  • Granite Bathroom Countertops
  • Low Flow Toliet
  • Bathtub with Shower
  • Low Flow Shower

Home Security

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Central Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5504-028-110

Community Details

Overview

  • Association fees include water and sewer paid
  • 164 Units

Amenities

  • Sundeck
  • Sauna
  • Laundry Facilities
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,971

Year Built

Built in 1990

Lot Details

0

HOA Fees

$386 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary Mediterranean
  • Levels: Mid Level
  • Street Number Display: Yes
  • Complex Name: Gramercy HOA
  • Entry Floor: 1
  • Entry Location: Living Room
  • Living Area: 537
  • Lot Acreage: 1.1832
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: No Additions/Alter
  • Stories: 4
  • Unit Floor In Building: 3
  • Year Built: 1990
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Ceramic Tile
  • Appliances: Cooktop - Gas, Microwave, Oven
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Granite, Low Flow Shower(s), Low Flow Toilet(s), Shower Over Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area, Living Room
  • Kitchen Features: Granite Counters
  • Laundry: Community
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Freezer, Garbage Disposal, Microwave
  • Fireplace: Yes
  • Price Per S Q F T: 791.43
  • Windows: Double Pane Windows

Exterior Features

  • Balcony: 1
  • Direction Faces: North
  • Construction: Combination
  • Other Features: Balcony, End Unit
  • Tennis Court Y/N: No
  • Exposure: north
  • Patio: Balcony
  • Pool Description: Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: City, City Lights, Tree Top, Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Community Garage
  • Total Parking: 1

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Central
  • Earth Quake Ins: 0
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Fire Sprinklers, Smoke Detector, Resident Manager, Guarded, Community
  • Sewer: In Street
  • Water: District

Association/Amenities

  • Amenities: Assoc Pet Rules, Controlled Access, Elevator, Exercise Room, Fitness Center, Spa, Sauna, Pool, Sun Deck, Onsite Property Management
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Water and Sewer Paid
  • HOA Fees: 386.00
  • HOA: Yes
  • Unit Location: north

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 5504-028-110
  • Lot Size Area: 51539

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Oct 7, 2022
Sold by
Park Sunny
Bought by
Kim Miho Ashley
Seller's Agent
Sukyoung Lee
Redpoint Realty
Buyer's Agent
Bong Sung
Max Mega Group
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Views
16
Current Estimated Value
$433,198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,198
Avg. Annual Appreciation
2.91%
Original Mortgage
$200,000
Outstanding Balance
$192,901
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$240,297

Purchase Details

Closed on
Feb 9, 2019
Sold by
Park Sunny
Bought by
Park Sunny and Park Jane Y

Purchase Details

Closed on
Jan 29, 2017
Sold by
Yu Sun Un
Bought by
Park Sunny

Purchase Details

Listed on
Apr 10, 2012
Closed on
Jul 23, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Yu Sun Un and Park Sunny
Seller's Agent
Ron Cooper
R.S. Cooper & Assocs Realty
Buyer's Agent
Tom-Chang Kim
Max Mega Group
List Price
$166,750
Sold Price
$175,500
Premium/Discount to List
$8,750
5.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%

Purchase Details

Closed on
Mar 7, 2012
Sold by
Kim Jae
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jan 26, 2007
Sold by
Kim Jenny J
Bought by
Kim Jae Hoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,970
Interest Rate
6.17%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 4, 2007
Sold by
Chong Yong Chin and Chong Chung Hee
Bought by
Kim Jae Hoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,970
Interest Rate
6.17%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 11, 2005
Sold by
Gts Property Los Angeles Inc
Bought by
Chong Yong Chin and Chong Chung Hee
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $400,000 Provident Title
Gift Deed -- Westminster Title Co
Quit Claim Deed -- Accommodation
Interfamily Deed Transfer -- None Available
Grant Deed $175,500 Lawyers Title Company
Trustee Deed $267,457 Lawyers Title Company Mv
Interfamily Deed Transfer -- Lawyers Title
Grant Deed $300,000 Lawyers Title
Grant Deed $250,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 New Conventional
Previous Owner $29,970 Stand Alone Second
Previous Owner $240,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2022 10/29/22 Sold $400,000 -5.9% $745 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
07/11/2022 07/11/22 For Sale $425,000 +142.2% $791 / Sq Ft
07/24/2012 07/24/12 Sold $175,500 +17.1% $327 / Sq Ft
07/09/2012 07/09/12 Pending -- -- --
06/21/2012 06/21/12 Price Changed $149,900 -10.1% $279 / Sq Ft
06/19/2012 06/19/12 For Sale $166,750 0.0% $311 / Sq Ft
04/27/2012 04/27/12 Pending -- -- --
04/10/2012 04/10/12 For Sale $166,750 -- $311 / 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 $4,971 $416,160 $208,080 $208,080
2024 $4,971 $408,000 $204,000 $204,000
2023 $4,878 $400,000 $200,000 $200,000
2022 $3,702 $310,702 $146,073 $164,629
2021 $3,653 $304,610 $143,209 $161,401
2019 $3,543 $295,577 $138,962 $156,615
2018 $3,536 $289,783 $136,238 $153,545
2016 $2,154 $182,557 $36,406 $146,151
2015 $2,122 $179,816 $35,860 $143,956
2014 $2,135 $176,295 $35,158 $141,137
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-177635

The MLS

APN: 5504-028-110