NOT LISTED FOR SALE

Estimated Value: $907,000 - $1,134,708

1 Bed
2 Baths
1,270 Sq Ft
$2,530/mo HOA Fee

Last Sold August 30, 2024

Last sale price $862,000 $679 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $9,422/month

133 Days on Market

Highlights

  • Valet Parking
  • 24-Hour Security
  • Panoramic View
  • Fitness Center
  • Primary Bedroom Suite
  • 9.17 Acre Lot

About This Home

As of August 2024

PRICE IMPROVEMENT Step into the luxurious and sophisticated Ritz Carlton Residences at the LA Live. Refreshed with new carpet and paint this highly desirable open floor plan unit offers amazing, unobstructed views of downtown Los Angeles and can be appreciated from both the living area and the bedroom through the impressive floor to ceiling windows.This spacious one bedroom, one and a half bathroom condo features a functional center island in the kitchen, Gaggenau appliances, motorized window coverings, recessed lighting throughout, light wood floors, washer/dryer closet, a large walk-in closet and a soaking tub in the ensuite bathroom with a window that opens up to the bedroom and the views. Residents enjoy wonderful amenities such as the beautiful roof top pool, state of the art fitness center, movie screening room, 24 hour security, professional staff, valet parking, access to room service and housekeeping from the hotel side. Situated at the heart of the city, steps away from the Crypto Arena and minutes from museums, the Disney Hall, the Music Center, shops and many trendy restaurants, this condo is perfect for a vibrant urban lifestyle while enjoying the privacy and security that the building offers.

Last Agent to Sell the Property

Helena Choi

Keller Williams Palos Verdes Brokerage Phone: 310.462.4622 License #01713483 Listed on: 04/08/2024

Keller Williams Palos Verdes

Co-Listed By

Tony Kim

Compass Brokerage Phone: 310.462.4622 License #01757649

Last Buyer's Agent

Helena Choi

Keller Williams Palos Verdes Brokerage Phone: 310.462.4622 License #01713483 Listed on: 04/08/2024

Keller Williams Palos Verdes

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,627

Year Built

  • Built in 2010

Lot Details

  • 9.17

HOA Fees

  • $2,530 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Available

Property Views

  • Panoramic
  • City Lights
  • Neighborhood

Home Design

  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 1,270 Sq Ft Home
  • Open Floorplan
  • Recessed Lighting
  • Dining Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Stone Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Central Water Heater

Additional Features

  • Two or More Common Walls
  • Urban Location

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 53383
  • Assessor Parcel Number 5138027027
  • $198 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 224 Units
  • The Rits Carlton Residences Association, Phone Number (213) 765-8612
  • Rita Carlton Residences HOA
  • Maintained Community
  • 51-Story Property

Amenities

  • Valet Parking
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pet Restriction

Security

  • 24-Hour Security
  • Controlled Access
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,627

Year Built

Built in 2010

Lot Details

0

HOA Fees

$2,530 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: washer and dryer, refrigerator.
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Carbon Monoxide Detector(s)
  • View: Yes
  • Zoning: LALASED
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5138027027
  • Year Built: 2010
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1270.00 Square Feet
  • Interior Amenities: Open Floorplan, Recessed Lighting
  • Stories: 51
  • Entry Location: street
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 1
  • Eating Area: Dining Room
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 678.74
  • Room Type: Kitchen, Primary Suite, Walk-In Closet
  • Bathroom Features: Bathtub, Shower
  • Room Kitchen Features: Kitchen Island, Stone Counters

Exterior Features

  • View: City Lights, Neighborhood, Panoramic
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Subterranean, Valet
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Cooktop, Refrigerator, Water Heater Central
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet, Inside, Stackable, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Gym/Ex Room, Storage, Insurance, Maintenance Grounds, Trash, Sewer, Water, Pet Rules, Guard, Security, Controlled Access
  • Association Fee: 2529.72
  • Association Fee Frequency: Monthly
  • Association Name: The Rits Carlton Residences
  • Phone: 2137658612
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Urban
  • Association Management: Rita Carlton Residences

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 399281.00
  • Lot Size Acres: 9.1662

Multi Family

  • Lease Considered: No
  • Lot Size Area: 399281.0000 Square Feet
  • Number Of Units In Community: 224
  • Number Of Units Total: 224

Tax Info

  • Tax Census Tract: 2077.10
  • Tax Lot: 16
  • Tax Tract Number: 53383
  • TaxOtherAnnualAssessmentAmount: 197.69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2024
Closed on
Aug 22, 2024
Sold by
Yongho Lee Trust and Suhr Young
Bought by
Griff John R
Seller's Agent
Helena Choi
Keller Williams Palos Verdes
Buyer's Agent
Helena Choi
Keller Williams Palos Verdes
List Price
$1,075,000
Sold Price
$862,000
Premium/Discount to List
-$213,000
-19.81%
Views
74
Current Estimated Value
$1,007,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,177
Avg. Annual Appreciation
15.35%

Purchase Details

Closed on
May 14, 2015
Sold by
Shegerian Carney R and Shekar Family Trust
Bought by
Boone George N and Revocable Trust Of George N Bo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 25, 2012
Closed on
Jun 21, 2012
Sold by
Olympic & Georgia Partners Llc
Bought by
Shegerian Carney R and The Shekar Family Trust I
Seller's Agent
William Rose
The Agency Ritz-Carlton Branch
Buyer's Agent
Mildred Gaines
List Price
$1,070,000
Sold Price
$975,000
Premium/Discount to List
-$95,000
-8.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.25%
Original Mortgage
$585,000
Interest Rate
4.25%
Mortgage Type
New Conventional
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
Griff John R $862,000 Fidelity National Title
Boone George N $1,285,000 Provident Title Company
Lee Yongho $1,250,000 Provident Title Company
Shegerian Carney R $975,009 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Yongho $800,000
Previous Owner Shegerian Carney R $585,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2024 08/30/24 Sold $862,000 -9.2% $679 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
06/25/2024 06/25/24 Price Changed $949,000 -5.0% $747 / Sq Ft
05/08/2024 05/08/24 Price Changed $999,000 -7.1% $787 / Sq Ft
04/08/2024 04/08/24 For Sale $1,075,000 0.0% $846 / Sq Ft
12/15/2022 12/15/22 Rented $5,950 0.0% --
11/29/2022 11/29/22 For Rent $5,950 +26.6% --
02/02/2021 02/02/21 Rented $4,700 0.0% --
01/16/2021 01/16/21 Price Changed $4,700 -9.6% $4 / Sq Ft
11/02/2020 11/02/20 Price Changed $5,200 -5.5% $4 / Sq Ft
09/18/2020 09/18/20 Price Changed $5,500 -5.2% $4 / Sq Ft
09/01/2020 09/01/20 For Rent $5,800 0.0% --
11/23/2015 11/23/15 Sold $1,250,000 -3.5% $984 / Sq Ft View Prior Sale
10/09/2015 10/09/15 Pending -- -- --
08/20/2015 08/20/15 Price Changed $1,295,000 -3.7% $1,020 / Sq Ft
07/10/2015 07/10/15 For Sale $1,345,000 +37.9% $1,059 / Sq Ft
07/06/2012 07/06/12 Sold $975,000 -8.9% $762 / Sq Ft View Prior Sale
06/13/2012 06/13/12 Pending -- -- --
04/25/2012 04/25/12 For Sale $1,070,000 -- $837 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,627 $862,000 $603,400 $258,600
2024 $18,627 $1,485,691 $424,483 $1,061,208
2023 $18,246 $1,456,560 $416,160 $1,040,400
2022 $17,390 $1,428,000 $408,000 $1,020,000
2021 $16,689 $1,367,055 $339,029 $1,028,026
2019 $16,184 $1,326,509 $328,974 $997,535
2018 $16,100 $1,300,500 $322,524 $977,976
2016 $15,406 $1,250,000 $310,000 $940,000
2015 $12,416 $998,994 $253,078 $745,916
2014 $12,435 $979,426 $248,121 $731,305
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV24068970

California Regional Multiple Listing Service (CRMLS)

APN: 5138-027-027