NOT LISTED FOR SALE

The Ritz Carlton Residences 900 W Olympic Blvd Unit 48G Los Angeles, CA 90015

Downtown LA Neighborhood

Estimated Value: $4,121,000 - $6,840,684

3 Beds
3.5 Baths
4,170 Sq Ft
$3,909/mo HOA Fee

Last Sold January 15, 2019

Last sale price $6,300,000 $1,511 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $40,608/month

293 Days on Market

Highlights

  • Concierge
  • Boat Dock
  • Fitness Center
  • Ocean View
  • Community Cabanas
  • 24-Hour Security

About This Home

As of January 2019

The best unit at The Ritz-Carlton Residences, Unit 48G, features jaw dropping unobstructed head-on views and has been newly customized to suit with unparalleled 5-star luxury living and amenities. This residence features an open floor plan perfect for large scale entertaining, including a large living room, media room, chef's kitchen with premium Gaggenau appliances, granite countertops and custom cabinetry. An incredible master suite includes automatic bypass entry doors, beautiful cabinetry, a stunning luxurious bathroom with spacious his/hers walk-in closets, high tech lighting and lighting system throughout, and a spectacular master bath with an amazing whirlpool tub. Additional bedrooms are all en suite with head-on views. State-of the art electronics throughout including electronic blackout shades, LED lighting systems and more. All overlooking the city and much more. Luxury living at its finest. Shown to pre-qualified clients by appointment only.

Last Agent to Sell the Property

Kurt Rappaport

Westside Estate Agency Inc. License #01036061 Listed on: 03/13/2018

Westside Estate Agency Inc.

Co-Listed By

Kevin Booker

Carolwood Estates License #01869691

Last Buyer's Agent

Kurt Rappaport

Westside Estate Agency Inc. License #01036061 Listed on: 03/13/2018

Westside Estate Agency Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $85,149

Year Built

  • Built in 2010

Lot Details

  • 9.17

HOA Fees

  • $3,909 Monthly HOA Fees

Property Views

  • Ocean
  • Panoramic
  • Views of a landmark
  • Mountain
  • Hills

Home Design

  • Modern Architecture
  • Entry on the 48th floor

Interior Spaces

  • 4,170 Sq Ft Home
  • Built-In Features
  • Entryway
  • Family Room
  • Living Room
  • Dining Area
  • Home Theater
  • Home Office
  • Bonus Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Dressing Area

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 3 Parking Spaces
  • Gated Parking
  • Guest Parking
  • Parking Garage Space
  • Controlled Entrance

Pool

  • In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Water Conditioner

Listing and Financial Details

  • Assessor Parcel Number 5138-027-205

Community Details

Overview

  • 224 Units
  • 54-Story Property

Amenities

  • Concierge
  • Valet Parking
  • Sundeck
  • Clubhouse
  • Billiard Room
  • Meeting Room
  • Elevator
  • Community Storage Space

Recreation

  • Boat Dock
  • Fitness Center
  • Community Cabanas
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$85,149

Year Built

Built in 2010

Lot Details

0

HOA Fees

$3,909 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: Ritz-Carlton Residences at LA LIVE
  • Entry Floor: 48
  • Living Area: 4170
  • Planned Urban Dev: 0
  • Stories: 54
  • Year Built: 2010
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Wood
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Closet, In Unit, Inside, Room
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Electric Dryer Hookup, Freezer, Garbage Disposal, Gas Or Electric Dryer Hookup, Hood Fan, Ice Maker, Microwave, Network Wire, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer, Water Conditioner
  • Price Per S Q F T: 1677.46

Exterior Features

  • Balcony: No
  • Tennis Court Y/N: No
  • Exposure: E/N/W
  • Pool Description: Community
  • Pool: Yes
  • View: City, City Lights, Hills, Landmark, Mountains, Ocean, Panoramic
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Community Garage, Controlled Entrance, Covered Parking, Parking for Guests - Onsite, Parking Space, Valet
  • Total Parking: 3

Utilities

  • Cooling: Central
  • Earth Quake Ins: 1
  • Heating: Central
  • Security: 24 Hour, Carbon Monoxide Detector(s), Community, Fire Sprinklers, Gated Community with Guard, Guarded, Resident Manager, Smoke Detector

Association/Amenities

  • Amenities: Assoc Pet Rules, Billiard Room, Clubhouse, Concierge, Conference, Controlled Access, Dock, Elevator, Exercise Room, Extra Storage, Fitness Center, Gated Parking, Guest Parking, Meeting Room, Onsite Property Management, Pool, Private Cabana, Security, Spa, Sun Deck, Valet Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 3908.70
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5138-027-205
  • Geocode Override: No
  • Lot Size Area: 399270

Multi Family

  • Number Of Units: 224

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2018
Closed on
Dec 11, 2018
Sold by
Sugarman Burt and M & B Sugarman Family Trust
Bought by
Satterfield Enterprises Llc
Seller's Agent
Kurt Rappaport
Westside Estate Agency Inc.
Buyer's Agent
Kurt Rappaport
Westside Estate Agency Inc.
List Price
$7,500,000
Sold Price
$6,300,000
Premium/Discount to List
-$1,200,000
-16%
Current Estimated Value
$5,622,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$677,772
Avg. Annual Appreciation
-1.65%
Original Mortgage
$5,985,000
Outstanding Balance
$5,226,370
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$395,858

Purchase Details

Closed on
Aug 7, 2013
Sold by
Olympic & Georgia Partners Llc
Bought by
Sugarman Burt and M & B Sugarman Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Satterfield Enterprises Llc $6,300,000 First American Title
Sugarman Burt $3,800,038 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Satterfield Enterprises Llc $5,985,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2019 01/15/19 Sold $6,300,000 -9.9% $1,511 / Sq Ft
12/31/2018 12/31/18 Pending -- -- --
08/08/2018 08/08/18 Price Changed $6,995,000 -6.7% $1,677 / Sq Ft
03/13/2018 03/13/18 For Sale $7,500,000 -- $1,799 / 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 $85,149 $7,027,767 $2,007,932 $5,019,835
2024 $85,149 $6,889,968 $1,968,561 $4,921,407
2023 $83,411 $6,754,871 $1,929,962 $4,824,909
2022 $79,479 $6,622,423 $1,892,120 $4,730,303
2021 $78,196 $6,492,572 $1,855,020 $4,637,552
2019 $25,405 $4,175,883 $1,043,970 $3,131,913
2018 $50,691 $4,094,003 $1,023,500 $3,070,503
2016 $48,501 $3,935,030 $983,757 $2,951,273
2015 $47,802 $3,875,924 $968,981 $2,906,943
2014 $47,855 $3,800,000 $950,000 $2,850,000
Source: Public Records

Agents Affiliated with this Home

  • Kurt Rappaport

    Seller's Agent in 2019

    Kurt Rappaport

    Westside Estate Agency Inc.

    (310) 247-7770

    100 Total Sales

    Kurt Rappaport
    Section Image
  • Kevin Booker

    Seller Co-Listing Agent in 2019

    Kevin Booker

    Carolwood Estates

    (310) 721-7736

    23 Total Sales

    Kevin Booker
    Section Image
See All Agents

About The Ritz Carlton Residences

Map

Source: The MLS

MLS Number: 18-322180

The MLS

APN: 5138-027-205

California Los Angeles County Los Angeles 90015 Downtown LA

900 W Olympic Blvd Unit 48G, Los Angeles, CA

Not Listed for Sale

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