NOT LISTED FOR SALE

Promenade West 880 W 1st St Unit 801 Los Angeles, CA 90012

Downtown LA Neighborhood

Estimated Value: $521,000 - $654,000

1 Bed
1 Bath
1,006 Sq Ft
$947/mo HOA Fee

Last Sold May 13, 2019

Last sale price $540,000 $537 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,699/month

19 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • 123,904 Sq Ft lot
  • 24-Hour Security
  • City Lights View
  • Atrium Room

About This Home

As of May 2019

Unique top floor condo in desirable Bunker Hill neighborhood of Downtown LA with an abundance of natural lighting and the best skyline views. This spacious bedroom/1 bath corner unit has nearly 1,200 square feet of livable space, including two 96 sq ft balconies. The unit has been recently updated and features bamboo flooring, newer carpet in bedroom, completely renovated bathroom and a newer kitchen. With only 1 neighbor on one side makes this unit an oasis in the city. The Promenade West is a full service building with controlled access 24-hour security concierge and free covered guest parking which is a rarity. Amenities include a fitness center gym, swimming pool, BBQ grills, hot tub spa, dry sauna, on floor laundry, gorgeous courtyard, board room for meetings and large event space, lush landscaped grounds and serene waterfalls and a convenient dog park. Just blocks from the Walt Disney concert Hall, the Music Center, Grand Park as well as City Hall and the County courts.

Last Agent to Sell the Property

Letty Vermeulen

Aspire Los Angeles License #01773473 Listed on: 03/12/2019

Co-Listed By

Aasia Kinney

eXp Realty of California Inc License #01509957

Last Buyer's Agent

Letty Vermeulen

Aspire Los Angeles License #01773473 Listed on: 03/12/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,330

Year Built

  • Built in 1982

Lot Details

  • 2.84

HOA Fees

  • $947 Monthly HOA Fees

Parking

  • 1 Covered Space

Interior Spaces

  • 1,006 Sq Ft Home
  • Atrium Room
  • City Lights Views
  • Laundry Room

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Bamboo
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Additional Features

  • In Ground Pool
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 5151-016-140

Community Details

Overview

  • 135 Units
  • Low-Rise Condominium

Amenities

  • Community Barbecue Grill
  • Sauna
  • Clubhouse
  • Meeting Room
  • Laundry Facilities

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,330

Year Built

Built in 1982

Lot Details

0

HOA Fees

$947 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Low Rise
  • Street Number Display: Yes
  • Advertising Remarks: Unique top floor condo in desirable Bunker Hill neighborhood of Downtown LA with an abundance of natural lighting and the best skyline views. This spacious bedroom/1 bath corner unit has nearly 1,200 square feet of livable space, including two 96 sq ft balconies. The unit has been recently updated and features bamboo flooring, newer carpet in bedroom, completely renovated bathroom and a newer kitchen. With only 1 neighbor on one side makes this unit is an oasis in the city. The Promenade West is a full service building with controlled access 24-hour security concierge and free covered guest parking which is a rarity in Los Angeles. Amenities include a fitness center gym, swimming pool, BBQ grills, hot tub spa, dry sauna, on floor laundry, gorgeous courtyard, board room for meetings and large event space, lush landscaped grounds and serene waterfalls and a convenient on-site dog park. The building is situated on the edge of the downtown just outside of the hustle and bustle of the Downtown LA scene yet still within walking distance of great restaurants, the art scene and as well as an amazing variety of cultural activities. Just blocks from the Walt Disney concert Hall, the Music Center, Grand Park as well as City Hall and the County courts.
  • Complex Name: Promenade West
  • Entry Floor: 8
  • Living Area: 1006
  • Planned Urban Dev: 0
  • Unit Floor In Building: 8
  • Year Built: 1982
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Bamboo, Carpet, Tile
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community, Laundry Area
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven, Refrigerator
  • Price Per S Q F T: 525.84

Exterior Features

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

Garage/Parking

  • Covered Parking: 1

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: 24 Hour, Carbon Monoxide Detector(s)

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Clubhouse, Conference, Exercise Room, Pool, Sauna, Security, Spa
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 947.00
  • HOA: Yes

Lot Info

  • Special Zoning: Rent Control
  • Assessor Parcel Number: 5151-016-140
  • Geocode Override: No
  • Lot Size Area: 123904

Multi Family

  • Number Of Units: 135

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2019
Closed on
May 2, 2019
Sold by
Morales Nathan and Morales Molly
Bought by
Nemat Haji Amiri and Nemat Malihe Taghavi Fmtr
Seller's Agent
Letty Vermeulen
Aspire Los Angeles
Buyer's Agent
Letty Vermeulen
Aspire Los Angeles
List Price
$529,000
Sold Price
$540,000
Premium/Discount to List
$11,000
2.08%
Current Estimated Value
$573,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,655
Avg. Annual Appreciation
0.81%

Purchase Details

Listed on
Jan 25, 2016
Closed on
May 10, 2016
Sold by
Maglia Marcia Reed Lane
Bought by
Morales Nathan and Morales Molly
Seller's Agent
Robert Cipolloni
Dwelling
Buyer's Agent
Chad Schlotterback
JohnHart Corp.
List Price
$550,000
Sold Price
$530,000
Premium/Discount to List
-$20,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.63%
Original Mortgage
$424,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2012
Sold by
Lane Marcea and Maglia Marcea Lane
Bought by
Lane Marcea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2007
Sold by
Lew Shannon and Fujii Steven
Bought by
Maglia Marcea Lane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 2006
Sold by
Maglia Louis
Bought by
Maglia Marcea Lane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2006
Sold by
Lew Laura
Bought by
Lew Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 1994
Sold by
Hotchkis and Wiley
Bought by
Lew Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
9.21%
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
Nemat Haji Amiri $540,000 Ticor Title
Morales Nathan $530,000 Title 365
Lane Marcea -- First American Title Company
Maglia Marcea Lane -- Financial Title Company
Lew Shannon -- Financial Title Company
Maglia Marcea Lane -- Financial Title Company
Lew Shannon -- Financial Title Company
Lew Shannon $140,000 Benefit Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morales Nathan $424,000
Previous Owner Lane Marcea $415,000
Previous Owner Lew Shannon $412,000
Previous Owner Maglia Marcea Lane $412,000
Previous Owner Lew Shannon $412,000
Previous Owner Lew Shannon $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2019 05/13/19 Sold $540,000 +2.1% $537 / Sq Ft
03/31/2019 03/31/19 Pending -- -- --
03/12/2019 03/12/19 For Sale $529,000 -0.2% $526 / Sq Ft
05/17/2016 05/17/16 Sold $530,000 -3.6% $527 / Sq Ft
04/12/2016 04/12/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $550,000 -- $547 / 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 $7,330 $602,373 $350,716 $251,657
2024 $7,330 $590,563 $343,840 $246,723
2023 $7,188 $578,985 $337,099 $241,886
2022 $6,854 $567,634 $330,490 $237,144
2021 $6,763 $556,505 $324,010 $232,495
2020 $6,829 $550,800 $320,688 $230,112
2019 $6,741 $562,438 $337,145 $225,293
2018 $6,722 $551,411 $330,535 $220,876
2016 $5,352 $433,000 $173,000 $260,000
2015 $4,776 $385,000 $154,000 $231,000
2014 $4,377 $343,000 $137,000 $206,000
Source: Public Records

Agents Affiliated with this Home

  • Letty Vermeulen

    Seller's Agent in 2019

    Letty Vermeulen

    Aspire Los Angeles

    (818) 437-0618

    8 in this area

    83 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2019

    Aasia Kinney

    eXp Realty of California Inc

    Section Image

  • R

    Seller's Agent in 2016

    Robert Cipolloni

    Dwelling

    Section Image

  • P

    Seller Co-Listing Agent in 2016

    Paul W. A. Flick

    Dwelling

  • Chad Schlotterback

    Buyer's Agent in 2016

    Chad Schlotterback

    JohnHart Corp.

    (310) 497-3546

    6 in this area

    38 Total Sales

    Section Image
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About Promenade West

Map

Source: The MLS

MLS Number: 19-440076

The MLS

APN: 5151-016-140

California Los Angeles County Los Angeles 90012 Downtown LA

880 W 1st St Unit 801, Los Angeles, CA

This home is located at 880 W 1st St Unit 801, Los Angeles, CA 90012 since 12 March 2019 and is currently estimated at $567,095, approximately $563 per square foot. This property was built in 1982. 880 W 1st St Unit 801 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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