Promenade West 880 W 1st St Unit 704 Los Angeles, CA 90012
Downtown LA NeighborhoodEstimated Value: $634,000 - $747,000
2
Beds
2
Baths
1,348
Sq Ft
$1,026/mo
HOA Fee
Highlights
- Fitness Center
- 24-Hour Security
- City Lights View
- Guarded Parking
- Spa
- Updated Kitchen
About This Home
As of April 2021Presenting this luxury remodeled 2 Bedroom 2 Bathroom 7th floor condominium located in the prestigious Promenade West Downtown L.A. building * Spacious balcony with awesome views of city lights and lush green courtyard * Ideal corner end unit location with only one common wall which provides for greater privacy * Master Bedroom features a spacious walk-in closet and slider door leading to the balcony * Second Bedroom would be very ideal for a Home Office * Kitchen, Bathrooms and Linen closets feature new custom cabinet doors * Self closing drawers * Engineered hardwood flooring throughout * Bathrooms feature tile flooring * Wet Bar * Plenty of ideal built-ins * Newer Air Conditioning System * Resort-like amenities features 24 hour concierge service and security, community pool and spa area, sauna, barbecue area, fitness center, community lounge with kitchen, conference room * Dog Park area * The community building also features ample visitor parking spaces * Within close and convenient proximity to such attractions as the Walt Disney Concert Hall, Dorothy Chandler Pavilion, Broad and Museum of Contemporary Art, Ahmanson Theater, Mark Taper Forum, shopping, restaurants and entertainment venues *
Last Listed By
William Merkel
No Firm Affiliation License #00964258 Listed on: 10/26/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,410
Year Built
- Built in 1982 | Remodeled
Lot Details
- 2.84
HOA Fees
- $1,026 Monthly HOA Fees
Parking
- 2 Car Garage
- Parking Available
- Tandem Covered Parking
- Guarded Parking
Property Views
- City Lights
- Courtyard
Home Design
- Turnkey
- Common Roof
Interior Spaces
- 1,348 Sq Ft Home
- Wet Bar
- Sliding Doors
- Living Room
- Laundry Room
Kitchen
- Updated Kitchen
- Eat-In Kitchen
- Electric Oven
- Built-In Range
- Microwave
- Dishwasher
- Self-Closing Drawers
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Bathtub with Shower
- Walk-in Shower
Outdoor Features
- Spa
- Balcony
- Exterior Lighting
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Additional Features
- Accessible Parking
- 1 Common Wall
Listing and Financial Details
- Earthquake Insurance Required
- Tax Lot 1
- Tax Tract Number 39578
- Assessor Parcel Number 5151016129
Community Details
Overview
- Master Insurance
- 135 Units
- Promenade West Association, Phone Number (213) 617-0262
- Action Property Management HOA
Amenities
- Community Barbecue Grill
- Trash Chute
- Clubhouse
- Meeting Room
- Laundry Facilities
Recreation
- Community Pool
- Community Spa
- Dog Park
Pet Policy
- Pet Restriction
Security
- 24-Hour Security
- Resident Manager or Management On Site
- Card or Code Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2020
Closed on
Apr 7, 2021
Sold by
Czajika Edward J
Bought by
Fisher Rebecca L and Willis Kennedy A
Seller's Agent
William Merkel
No Firm Affiliation
List Price
$598,000
Sold Price
$558,000
Premium/Discount to List
-$40,000
-6.69%
Total Days on Market
155
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,946
Avg. Annual Appreciation
3.53%
Original Mortgage
$502,200
Outstanding Balance
$462,779
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$180,619
Purchase Details
Listed on
Jan 27, 2015
Closed on
Apr 8, 2015
Sold by
Gi Boyng Ki
Bought by
Czajka Edward J
Seller's Agent
Sandra Joo
Max Mega Group
Buyer's Agent
William Merkel
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.83%
Original Mortgage
$400,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 26, 2003
Sold by
Occidental Underwriters Of Hawaii Ltd
Bought by
Gi Boyng Ki and Gi Toni Eunjung
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 20, 1996
Sold by
Kagawa Siegfred S
Bought by
Occidental Underwriters Of Hawaii Ltd
Purchase Details
Closed on
Jan 30, 1995
Sold by
Kagawa Siegfred S
Bought by
Kagawa Siegfred Seiichi
Similar Homes in Los Angeles, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fisher Rebecca L | $558,000 | Lawyers Title | |
| Czajka Edward J | $500,000 | Fidelity National Title Co | |
| Gi Boyng Ki | $395,000 | Fidelity National Title | |
| Occidental Underwriters Of Hawaii Ltd | $39,000 | -- | |
| Kagawa Siegfred Seiichi | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fisher Rebecca L | $502,200 | |
| Previous Owner | Czajaka Edward J | $395,000 | |
| Previous Owner | Czajka Edward J | $400,000 | |
| Previous Owner | Gi Boyng Ki | $150,000 | |
| Previous Owner | Gi Boyng Ki | $192,000 | |
| Previous Owner | Gi Boyng Ki | $316,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2021 04/30/21 | Sold | $558,000 | -3.5% | $414 / Sq Ft |
| 11/16/2020 11/16/20 | Price Changed | $578,000 | -3.3% | $429 / Sq Ft |
| 10/26/2020 10/26/20 | For Sale | $598,000 | +19.6% | $444 / Sq Ft |
| 04/14/2015 04/14/15 | Sold | $500,000 | -4.8% | $371 / Sq Ft |
| 03/03/2015 03/03/15 | Pending | -- | -- | -- |
| 01/27/2015 01/27/15 | For Sale | $525,000 | -- | $389 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $7,410 | $592,152 | $293,953 | $298,199 |
| 2023 | $7,266 | $580,542 | $288,190 | $292,352 |
| 2022 | $6,929 | $569,160 | $282,540 | $286,620 |
| 2021 | $6,801 | $555,158 | $222,063 | $333,095 |
| 2020 | $6,865 | $549,467 | $219,787 | $329,680 |
| 2019 | $6,596 | $538,694 | $215,478 | $323,216 |
| 2018 | $6,579 | $528,132 | $211,253 | $316,879 |
| 2016 | $6,286 | $507,625 | $203,050 | $304,575 |
| 2015 | $5,800 | $467,280 | $147,872 | $319,408 |
| 2014 | $5,824 | $458,128 | $144,976 | $313,152 |
Source: Public Records
Agents Affiliated with this Home
-
W
Seller's Agent in 2021
William Merkel
No Firm Affiliation
-
Sandra Joo
S
Seller's Agent in 2015
Sandra Joo
RE/MAX
(213) 321-5060
2 in this area
22 Total Sales
About Promenade West
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR20224579
APN: 5151-016-129
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