NOT LISTED FOR SALE

Promenade West 880 W 1st St Unit 711 Los Angeles, CA 90012

Downtown LA Neighborhood

Estimated Value: $506,000 - $643,000

1 Bed
2 Baths
1,006 Sq Ft
2.84 Acres

Last Sold November 19, 2013

Last sale price $390,000 $388 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,619/month

81 Days on Market

Highlights

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

About This Home

As of November 2013

REMODELED 1-BDRM, 1-BATH DUAL SOUTH FACING BALCONIES, IN A SPACIOUS OPEN LAYOUT. SUNNY & BRIGHT YEAR ROUND ORIENTATION. INSIDE CORNER UNIT WITH VIEWS OF THE CITY. LARGE WALK-IN-CLOSET, FRESH KITCHEN AND BATHROOM RENOVATION. READY, MOVE-IN CONDO. IN FULL SERVICE BUILDING ON BUNKER HILL. MOMENTS AWAY FROM DISNEY CONCERT HALL, AHMANSON AND TAPER. BUILDING COMES WITH 24-HOUR SECURITY, NEW POOL, NEW SAUNA, NEW SPA, BBQ, FITNESS CENTER,COMMUNITY ROOM,CONFERENCE ROOM, DOG WALK AND PARK LIKE GROUNDS, ON-SITE MANAGER, GUEST PARKING. CLOSE TO CIVIC CENTER, COURTHOUSES, SHOPPING AND FREEWAYS.

Last Agent to Sell the Property

Russell & Evan Team

Wilshire Metro Realty, Inc. License #01326223 Listed on: 07/18/2013

Last Buyer's Agent

Brian Griffin

Compass License #01736172

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,868

Year Built

  • Built in 1982

Lot Details

  • 2.84

Parking

  • Parking Garage
  • Garage Door Opener
  • Gated Parking

Property Views

  • City Lights
  • Views of a landmark
  • Park or Greenbelt

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,006 Sq Ft Home
  • Dining Area
  • Carpet
  • Intercom

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom

Outdoor Features

  • In Ground Pool
  • Covered patio or porch

Utilities

  • Central Heating and Cooling System
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5151-016-136

Community Details

Overview

  • 135 Units

Amenities

  • Concierge
  • Sauna
  • Clubhouse
  • Meeting Room
  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool
  • Community Spa
  • Park

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,868

Year Built

Built in 1982

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: Promenade West
  • Entry Floor: 7
  • Entry Location: Ground Level - no steps
  • Living Area: 1006
  • Planned Urban Dev: 0
  • Unit Floor In Building: 7
  • Year Built: 1982
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Drywall Walls
  • Flooring: Carpet, Mixed
  • Appliances: Built-In Electric
  • Bedrooms: 1
  • Full Bathroom: 1
  • Common Walls: Attached
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Laundry: Community
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Cable, Dishwasher, Garbage Disposal, Intercom, Range/Oven, Refrigerator
  • Price Per S Q F T: 395.63

Exterior Features

  • Balcony: YES
  • Construction: Stucco
  • Tennis Court Y/N: No
  • Exposure: SOUTH
  • Pool Description: Community
  • Pool: Yes
  • Roof: Composition
  • View: City Lights, Green Belt, Landmark
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Community Garage, Door Opener, Garage, Gated, Subterranean
  • Total Parking: 1

Utilities

  • TV Svcs: Tv Satellite Dish
  • Water District: DWP
  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Community, T.V.

Association/Amenities

  • Amenities: Clubhouse, Concierge, Conference, Controlled Access, Elevator, Exercise Room, Greenbelt/Park, Pool, Sauna, Security, Spa
  • Pet Rules: Assoc Pet Rules, Yes, Size Limit

Condo/Co-op/Association

  • Assessments: no
  • HOA Fees: 927.00

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessor Parcel Number: 5151-016-136
  • Geocode Override: No
  • Lot Size Area: 123889

Multi Family

  • Number Of Units: 135

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2013
Closed on
Oct 25, 2013
Sold by
Cross Victoria A
Bought by
Smith Roger K and Smith Marjorie G
Seller's Agent
Russell & Evan Team
Wilshire Metro Realty, Inc.
Buyer's Agent
Brian Griffin
Compass
List Price
$398,000
Sold Price
$390,000
Premium/Discount to List
-$8,000
-2.01%
Current Estimated Value
$566,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,855
Avg. Annual Appreciation
2.98%
Original Mortgage
$351,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2010
Sold by
Cross Victoria A
Bought by
Cross Victoria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,300
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2004
Sold by
Lee Cheri Chung Song
Bought by
Cross Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2002
Sold by
Laris Eastin Susan R
Bought by
Lee Cheri Chung Song

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,250
Interest Rate
7.13%

Purchase Details

Closed on
Nov 12, 1998
Sold by
Kim Hye K
Bought by
Laris Eastin Susan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
6.69%

Purchase Details

Closed on
Jun 22, 1996
Sold by
Sumitomo Bank Of California
Bought by
Golden Head Investment Ltd

Purchase Details

Closed on
Dec 27, 1994
Sold by
Fudosan Ryutsu Center America Inc
Bought by
Sumitomo Bank Of California
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
Smith Roger K $390,000 Lawyers Title
Cross Victoria A -- Investors Title
Cross Victoria A -- Investors Title
Cross Victoria $501,000 Ltc
Lee Cheri Chung Song $235,000 Southland Title Corporation
Laris Eastin Susan R $127,000 Southland Title Corporation
Golden Head Investment Ltd -- Commonwealth Title
Sumitomo Bank Of California $90,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Roger K $302,500
Closed Smith Roger K $345,000
Closed Smith Roger K $351,000
Previous Owner Cross Victoria A $280,300
Previous Owner Cross Victoria $20,000
Previous Owner Cross Victoria $300,000
Previous Owner Lee Cheri Chung Song $231,000
Previous Owner Lee Cheri Chung Song $33,000
Previous Owner Lee Cheri Chung Song $211,200
Previous Owner Lee Cheri Chung Song $223,250
Previous Owner Laris Eastin Susan R $101,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2013 11/19/13 Sold $390,000 -2.0% $388 / Sq Ft
10/07/2013 10/07/13 Pending -- -- --
07/18/2013 07/18/13 For Sale $398,000 -- $396 / 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 $5,868 $478,074 $240,877 $237,197
2024 $5,868 $468,701 $236,154 $232,547
2023 $5,755 $459,512 $231,524 $227,988
2022 $5,489 $450,503 $226,985 $223,518
2021 $5,414 $441,671 $222,535 $219,136
2019 $5,251 $428,574 $215,936 $212,638
2018 $5,236 $420,171 $211,702 $208,469
2016 $4,921 $403,857 $203,482 $200,375
2015 $4,845 $397,792 $200,426 $197,366
2014 $4,865 $390,000 $196,500 $193,500
Source: Public Records

Agents Affiliated with this Home

  • Russell & Evan Team

    Seller's Agent in 2013

    Russell & Evan Team

    Wilshire Metro Realty, Inc.

    (213) 422-3368

    27 in this area

    58 Total Sales

    Section Image
  • Brian Griffin

    Buyer's Agent in 2013

    Brian Griffin

    Compass

    (323) 488-3415

    32 Total Sales

    Section Image
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About Promenade West

Map

Source: The MLS

MLS Number: 13-689693

The MLS

APN: 5151-016-136

California Los Angeles County Los Angeles 90012 Downtown LA

880 W 1st St Unit 711, Los Angeles, CA

This home is located at 880 W 1st St Unit 711, Los Angeles, CA 90012 since 18 July 2013 and is currently estimated at $550,000, approximately $546 per square foot. This property was built in 1982. 880 W 1st St Unit 711 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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