NOT LISTED FOR SALE

702 S Serrano Ave Unit 703 Los Angeles, CA 90005

Koreatown Neighborhood

Estimated Value: $673,146 - $1,025,000

2 Beds
2 Baths
1,130 Sq Ft
14,183 Sq Ft Lot

Highlights

  • Primary Bedroom Suite
  • City Lights View
  • Granite Countertops
  • Gated Community
  • End Unit
  • Subterranean Parking

About This Home

As of October 2022

This luxurious modern condo is located in the desirable Mid-Wilshire area. This inviting light filled condo sits in the north-east corner of the 7th flr featuring an open flr plan. The living rm boasts marble flr, large windows, & a wrap-around balcony w/great views of the city. Open to the living rm, the well-designed kitchen is equipped w/state-of-the-art stainless steel appliances. Through the hallway one finds a good size second bedrm, full BA that services it; & a master suite w/a full BA that features a Jacuzzi tub, separate shower, & two sinks. The laundry rm that includes a wine cooler & storage completes this fabulous condo. Don't miss this luxurious condo adjacent to downtown L.A. & Miracle Mile, minutes away from public transit, the Aroma center, & restaurants!

Last Agent to Rent the Property

Julia Kwon

Berkshire Hathaway Home Servic License #01740725 Listed on: 10/03/2022

Berkshire Hathaway Home Servic

Last Renter's Agent

Jin Kwon

Berkshire Hathaway HomeServices California Properties License #00964454

Berkshire Hathaway HomeServices California Properties

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2007

Lot Details

  • End Unit
  • 1 Common Wall
  • Sprinkler System

Parking

  • Subterranean Parking
  • Parking Available
  • Tandem Covered Parking
  • Community Parking Structure

Home Design

  • Ranch Style House

Interior Spaces

  • 1,130 Sq Ft Home
  • Entrance Foyer
  • Living Room
  • City Lights Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Outdoor Features

  • Open Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $3,500
  • Rent includes association dues, trash collection
  • 12-Month Minimum Lease Term
  • Available 10/3/22
  • Tax Lot 1
  • Tax Tract Number 212
  • Assessor Parcel Number 5093014072

Community Details

Pet Policy

  • Pet Deposit $500

Security

  • Gated Community

Condo Details

Home Type

Condominium

Year Built

Built in 2007

Lot Details

0.33 Acres

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2022-10-03
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 3500
  • Furnished: Unfurnished
  • Total Move In Costs: 7250.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: washer & dryer, refrigerator, wine refrigerator
  • Property Attached: Yes
  • Security: Gated Community
  • View: Yes
  • Architectural Style: Ranch
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 5093014072
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1130.00 Square Feet
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Counter / Bar
  • Levels: One
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 3.01
  • Room Type: Living Room, Foyer, Master Suite, Laundry, Kitchen
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Fence: No
  • Patio And Porch Features: Patio Open
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Community Structure, Tandem Covered, Subterranean
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Inside, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 14183.00
  • Lot Size Acres: 0.3256

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 14183.0000 Square Feet
  • Rent Includes: Association Dues, Trash Collection

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 212...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2023
Sold by
David Sung And Lily Sung Living Trust
Bought by
David Sung And Lily Sung Living Trust
Current Estimated Value
$832,787

Purchase Details

Closed on
Apr 6, 2016
Sold by
Sung David and Sung Lily
Bought by
The David Sung & Lily Sung Living Trust

Purchase Details

Closed on
Jun 21, 2011
Sold by
Urban Commons Serrano Llc
Bought by
Sung David and Sung Lily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2011
Sold by
Nbgi Homes Llc
Bought by
Urban Commons Serrano Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,762,315
Interest Rate
4.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2010
Sold by
Nbgi Homes Llc
Bought by
702 Serrano Property

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,762,315
Interest Rate
4.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
David Sung And Lily Sung Living Trust -- None Listed On Document
The David Sung & Lily Sung Living Trust -- None Available
Sung David $520,000 Chicago Title Company
Urban Commons Serrano Llc $4,500,000 Chicago Title Company
702 Serrano Property $5,000,000 Chicago Title Company
702 Serrano Property $5,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sung David $350,000
Previous Owner Urban Commons Serrano Llc $4,762,315
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2022 10/12/22 Rented $3,400 0.0% --
10/03/2022 10/03/22 For Rent $3,400 +9.7% --
09/05/2021 09/05/21 Rented $3,100 -1.6% --
09/03/2021 09/03/21 Off Market $3,150 -- --
08/18/2021 08/18/21 For Rent $3,150 +5.0% --
10/18/2017 10/18/17 Rented $3,000 0.0% --
10/18/2017 10/18/17 For Rent $3,000 0.0% --
11/15/2016 11/15/16 Rented $3,000 0.0% --
11/15/2016 11/15/16 Under Contract -- -- --
08/17/2016 08/17/16 For Rent $3,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

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 $7,815 $653,139 $391,884 $261,255
2024 $7,815 $640,333 $384,200 $256,133
2023 $7,665 $627,778 $376,667 $251,111
2022 $7,308 $615,470 $369,282 $246,188
2021 $7,213 $603,403 $362,042 $241,361
2019 $6,995 $585,507 $351,304 $234,203
2018 $6,979 $574,027 $344,416 $229,611
2016 $6,671 $551,739 $331,043 $220,696
2015 $6,573 $543,452 $326,071 $217,381
2014 $6,599 $532,807 $319,684 $213,123
Source: Public Records

Agents Affiliated with this Home

  • Julia Kwon

    Landlord's Agent in 2022

    Julia Kwon

    Berkshire Hathaway Home Servic

    (818) 309-8944

    28 Total Sales

    Julia Kwon
    Section Image

  • J

    Tenant's Agent in 2022

    Jin Kwon

    Berkshire Hathaway Home Servic

    (213) 663-9521

    24 Total Sales

    Jin Kwon
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-11497

Pasadena-Foothills Association of REALTORS®

APN: 5093-014-098

California Los Angeles County Los Angeles 90005 Koreatown

702 S Serrano Ave Unit 703, Los Angeles, CA

Not Listed for Sale

Condos

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