NOT LISTED FOR SALE

Promenade West 880 W 1st St Unit 416 Los Angeles, CA 90012

Downtown LA Neighborhood

Estimated Value: $632,000 - $690,000

2 Beds
2 Baths
1,327 Sq Ft
$1,021/mo HOA Fee

Last Sold December 06, 2018

Last sale price $587,000 $442 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,240/month

41 Days on Market

Highlights

  • Concierge
  • 24-Hour Security
  • City Lights View
  • Fitness Center
  • In Ground Pool
  • Clubhouse

About This Home

As of December 2018

Serenity awaits from within this tranquil home. This magnificent two-bedroom, two-bathroom corner home features a private balcony, wet-bar, dining area, and Zen-like views of the Promenade's garden and waterfall. In the master bedroom, stand in awe at the walk-in closet, garden views, dual bathroom sinks, and additional storage. While in the second room, its versatility allows for a bedroom or a sizable office and lounge that leads out to the spacious living room. Draped in the shade of outdoor greenery, this peaceful home is its own private oasis. Promenade West offers a collection of amenities including pool, spa, barbecue grills, sauna, fitness center, business room, community lounge with kitchen, dog park, outdoor garden, waterfall garden, 24-hour security and concierge, and guest parking. Located in Bunker Hill, Promenade West is a short distance from Walt Disney Concert Hall, The Broad Museum, Grand Park. and Grand Central Market.

Last Agent to Sell the Property

Kerry Marsico

Compass License #01456415 Listed on: 09/11/2018

Last Buyer's Agent

Jonathan Oh

License #01949698

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,004

Year Built

  • Built in 1982

Lot Details

  • 2.84

HOA Fees

  • $1,021 Monthly HOA Fees

Interior Spaces

  • 1,327 Sq Ft Home
  • Stone Flooring
  • City Lights Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Covered Spaces
  • Tandem Parking
  • Guest Parking
  • Assigned Parking

Pool

  • In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Phone System

Listing and Financial Details

  • Assessor Parcel Number 5151-016-072

Community Details

Overview

  • 135 Units

Amenities

  • Concierge
  • Outdoor Cooking Area
  • Sundeck
  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Sauna
  • Clubhouse
  • Meeting Room
  • Recreation Room
  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,004

Year Built

Built in 1982

Lot Details

0

HOA Fees

$1,021 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: Promenade West
  • Entry Floor: 4
  • Living Area: 1327
  • Planned Urban Dev: 0
  • Unit Floor In Building: 4
  • Year Built: 1982
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Stone Tile
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Hood Fan, Microwave, Phone System, Range/Oven, Refrigerator
  • Price Per S Q F T: 443.10

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Association Pool
  • Pool: Yes
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Parking for Guests, Parking for Guests - Onsite, Tandem
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Clubhouse, Concierge, Conference, Controlled Access, Elevator, Fire Pit, Fitness Center, Guest Parking, Meeting Room, Onsite Property Management, Outdoor Cooking Area, Picnic Area, Pool, Rec Multipurpose Rm, Sauna, Security, Spa, Sun Deck
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 1021.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5151-016-072
  • Geocode Override: No

Multi Family

  • Number Of Units: 135

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2018
Closed on
Nov 30, 2018
Sold by
Green Jon Harrison and Jon Thomas Green Trust
Bought by
Tomasulo Michael A
Seller's Agent
Kerry Marsico
Compass
Buyer's Agent
Jonathan Oh
List Price
$588,000
Sold Price
$587,000
Premium/Discount to List
-$1,000
-0.17%
Current Estimated Value
$653,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,071
Avg. Annual Appreciation
1.93%
Original Mortgage
$440,250
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 17, 2012
Closed on
Oct 4, 2012
Sold by
Mathies Richard D
Bought by
Green Jon Thomas and Jon Thomas Green Trust
Seller's Agent
Richard Gerrish
Dilbeck Real Estate
List Price
$398,000
Sold Price
$380,000
Premium/Discount to List
-$18,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%

Purchase Details

Closed on
Oct 10, 2003
Sold by
Mathies Richard D
Bought by
Mathies Richard D and Mathies Roberta Joyce

Purchase Details

Closed on
Aug 18, 1999
Sold by
Dense Martin J
Bought by
Mathies Richard D and Mathies Roberta J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
7.89%
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
Tomasulo Michael A $587,000 Provident Title Company
Green Jon Thomas $380,000 Orange Coast Title Company
Mathies Richard D -- First Southwestern Title Of
Mathies Richard D $205,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tomasulo Michael A $441,000
Closed Tomasulo Michael A $440,200
Closed Tomasulo Michael A $440,250
Previous Owner Mathies Richard D $160,000
Previous Owner Mathies Richard D $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2018 12/06/18 Sold $587,000 -0.2% $442 / Sq Ft
09/11/2018 09/11/18 For Sale $588,000 +54.7% $443 / Sq Ft
11/07/2012 11/07/12 Sold $380,000 -4.5% $286 / Sq Ft
10/09/2012 10/09/12 Pending -- -- --
08/17/2012 08/17/12 For Sale $398,000 -- $300 / 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 $8,004 $654,806 $446,205 $208,601
2024 $8,004 $641,967 $437,456 $204,511
2023 $7,848 $629,380 $428,879 $200,501
2022 $7,484 $617,040 $420,470 $196,570
2021 $7,383 $604,942 $412,226 $192,716
2019 $7,160 $587,000 $400,000 $187,000
2018 $5,178 $411,255 $125,108 $286,147
2016 $4,944 $395,287 $120,250 $275,037
2015 $4,869 $389,350 $118,444 $270,906
2014 $4,890 $381,724 $116,124 $265,600
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Kerry Marsico

    Compass

  • J

    Buyer's Agent in 2018

    Jonathan Oh

  • R

    Seller's Agent in 2012

    Richard Gerrish

    Dilbeck Real Estate

  • R

    Seller Co-Listing Agent in 2012

    Richard Gerrish Jenny Ho

    Engel & Völkers Pasadena

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About Promenade West

Map

Source: The MLS

MLS Number: 18-384598

The MLS

APN: 5151-016-072

California Los Angeles County Los Angeles 90012 Downtown LA

880 W 1st St Unit 416, Los Angeles, CA

This home is located at 880 W 1st St Unit 416, Los Angeles, CA 90012 since 11 September 2018 and is currently estimated at $653,071, approximately $492 per square foot. This property was built in 1982. 880 W 1st St Unit 416 is a home located in Los Angeles County with nearby schools including Castelar Elementary School, Sal Castro Middle School, and Ramón C. Cortines School of Visual and Performing Arts.

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