$1,030,000
SOLD JUN 20, 2025
2 Beds
3 Baths
1,628 Sq Ft
$979/mo HOA Fee

Recently Sold

$633 Per Sq Ft

13% Below List Price

57 Days on Market

Highlights

  • Concierge
  • 4-minute walk to Pico Station
  • 24-Hour Security
  • Heated Roof Top Pool
  • Fitness Center
  • 4-minute walk to South Park Commons

About This Home

As of June 2025

HUGE PRICE REDUCTION!! Get into an EXQUISITE LUXURY property at a price point you won't see again! This is home! Amazing, REMODELED & UPGRADED, South Park, DTLA modern loft. Two large-sized bedrooms on opposite sides, a sweeping balcony flanked by massive windows, and tons of natural light from the east and southern exposures. Remodeled & move-in ready with upgrades that incl. all new kitchen with custom cabinets and countertops, custom cabinets and countertops in 3 bathrooms, new shower doors in 2 bathrooms, custom walk-in closets & laundry cabinets, built-in custom office in the 2nd bedroom, designer lighting, motorized shades with wall switches and remote-control, brand-new HVAC in 2024, individual electric vehicle charger at the parking spaces. The condo is located in South Park's Luma building. Luma is a LEED-certified GOLD bldg. (benefits incl. low electricity charges) and features an attached garage, 24-hour security & professional concierge, a lap pool & spa, a lounge terrace, a gym, and more. FHA/VA approved building, as well as for conventional financing. South Park is the quiet and highly manicured part of Downtown LA. Neighborhood amenities incl. popular Prank Bar on the ground floor of the building and mere steps to The Moxy, Level 8, Javier's, Mastro's, Starbucks, Orange Theory, South Park Pharmacy & Grocery, Crypto.com Arena, LA Live, Regal Cinemas, Whole Foods, Bottega Louie, and an abundant restaurant and mixology bar scene. GREAT time to invest & live in DTLA: BILLIONS of $ going into DTLA development in prep for the 2026 World Cup & 2028 Olympics, incl. newly paved streets everywhere, plus exciting new construction in the neighborhood.

Last Agent to Sell the Property

Rasmus Ray Lee

Premier Real Estate Broker, Inc. License #01490488 Listed on: 04/01/2025

Last Buyer's Agent

Kenneth Park

Newline Realty License #02200422

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,964

Year Built

  • Built in 2007 | Remodeled

Lot Details

  • End Unit
  • East Facing Home
  • Gated Home
  • Landscaped
  • Corners Of The Lot Have Been Marked
  • Sprinkler System

HOA Fees

  • $979 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Electric Vehicle Home Charger
  • Tandem Parking
  • Garage Door Opener
  • Automatic Gate
  • Controlled Entrance

Property Views

  • City Lights
  • Trees

Home Design

  • Modern Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Unfinished Walls
  • Metal Siding
  • Concrete Perimeter Foundation
  • Quake Bracing

Interior Spaces

  • 1,628 Sq Ft Home
  • Open Floorplan
  • Wired For Data
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Track Lighting
  • Double Pane Windows
  • Custom Window Coverings
  • Blinds
  • Entryway
  • Living Room
  • Dining Area
  • Loft
  • Utility Room
  • Security Lights

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower
  • Shower Only

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Pool

  • Heated Roof Top Pool
  • Roof Top Spa
  • Filtered Pool
  • Heated Lap Pool
  • Heated In Ground Pool
  • Exercise
  • Heated Spa
  • Fence Around Pool
  • Spa Fenced

Outdoor Features

  • Living Room Balcony
  • Slab Porch or Patio

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Property is located within a water district
  • Central Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5139-005-086

Community Details

Overview

  • Association fees include concierge, gas, insurance, maintenance paid, security, trash, water and sewer paid, building and grounds
  • 236 Units
  • Action Property Management Association
  • High-Rise Condominium
  • Maintained Community
  • 19-Story Property

Amenities

  • Concierge
  • Doorman
  • Rooftop Deck
  • Outdoor Cooking Area
  • Sundeck
  • Building Terrace
  • Community Barbecue Grill
  • Picnic Area
  • Trash Chute
  • Elevator
  • Reception Area
  • Community Mailbox

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,964

Year Built

Built in 2007 | Remodeled

Lot Details

0

HOA Fees

$979 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: HUGE PRICE REDUCTION!! Get into an EXQUISITE LUXURY property at a price point you won't see again! This is home! Amazing, REMODELED & UPGRADED, South Park, DTLA modern loft. Two large-sized bedrooms on opposite sides, a sweeping balcony flanked by massive windows, and tons of natural light from the east and southern exposures. Remodeled & move-in ready with upgrades that incl. all new kitchen with custom cabinets and countertops, custom cabinets and countertops in 3 bathrooms, new shower doors in 2 bathrooms, custom walk-in closets & laundry cabinets, built-in custom office in the 2nd bedroom, designer lighting, motorized shades with wall switches and remote-control, brand-new HVAC in 2024, individual electric vehicle charger at the parking spaces. The condo is located in South Park's Luma building. FHA approved & LEED certified bldg. Text Ray @ 213-448-0957!
  • Complex Name: Luma
  • Disability Access: Doors - Swing In, DisabilityAccess, Doors w/Lever Handles, Handicap Access, Parking, Customized Wheelchair Accessible
  • Entry Floor: 1
  • Entry Location: Elevator
  • Living Area: 1628
  • Lot Acreage: 0.9462
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 19
  • Unit Floor In Building: 8
  • Year Built: 2007
  • Number Of Photos: 73
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Common Walls, Drywall Walls, High Ceilings (9 Feet+), Living Room Balcony, Pre-wired for high speed Data, Recessed Lighting, Track Lighting, Open Floor Plan, Unfinished Walls
  • Number Of Remote Controls: 2
  • Flooring: Hardwood, Tile
  • Appliances: Built-In And Free Standing, Built-Ins, Cooktop - Gas, Microwave, Oven-Electric, Range Hood, Built-In Electric, Built-In Gas, Electric, Gas, Oven, Range
  • Bedrooms: 2
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: Dressing Area, WalkInCloset, Primary Bedroom
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Low Flow Toilet(s), Shower Over Tub, Shower Stall, Tile, Remodeled, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Kitchen Island, Living Room, Dining Area, In Kitchen, Breakfast Area
  • Kitchen Features: Counter Top, Island, Gourmet Kitchen, Remodeled
  • Laundry: In Unit, Inside, Laundry Area, Room
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Electric Dryer Hookup, Garbage Disposal, Hood Fan, Microwave, Network Wire, Range/Oven, Vented Exhaust Fan, Water Line to Refrigerator, Ice Maker
  • Price Per S Q F T: 675.06
  • Windows: Double Pane Windows, Window Blinds, Custom Window Covering

Exterior Features

  • Balcony: Corner
  • Direction Faces: East
  • Construction: Concrete, Glass, Metal Siding
  • Other Features: Balcony, Energy Efficient, High Ceilings (9 Feet+), Sprinkler System, End Unit, Slab
  • Foundation Details: Quake Bracing, Concrete Perimeter, Slab
  • Exposure: SouthEast
  • Patio: Living Room Balcony, Concrete Slab, Balcony
  • Pool Description: Association Pool, Exercise Pool, Fenced, Heated, Lap Pool, Filtered, Community
  • Pool: Yes
  • Spa: Association Spa, Community, Fenced, Heated, Hot Tub
  • Spa Yn: Yes
  • View: City, City Lights, Pool, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Assigned, Community Garage, Controlled Entrance, Covered Parking, Door Opener, Garage, Gated, Gated Underground, Subterranean, Tandem, Garage Is Attached, Parking Space, Electric Vehicle Charging Station(s)
  • Total Parking: 2

Utilities

  • Volt 220: In Laundry
  • Water District: LADWP
  • Water Heater: Central Water Heater
  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Community, Exterior Security Lights, Fire and Smoke Detection System, Fire Sprinklers, Gated, Gated Community with Guard, Guarded, Smoke Detector, T.V.
  • Sewer: In Connected and Paid
  • Water: District, In Street

Association/Amenities

  • Community Features: Community Mailbox
  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Concierge, Controlled Access, Elevator, Fitness Center, Gated Community, Gated Community Guard, Gated Parking, Onsite Property Management, Outdoor Cooking Area, Picnic Area, Pool, Security, Spa, Sun Deck, Exercise Room, Hot Water
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Concierge, Gas, Insurance, Maintenance Paid, Security, Trash, Water and Sewer Paid, Building and Grounds
  • High Rise: Concierge, Controlled Access, Door Person, Entrance Lobby, Mens and Womens Changing Rooms, On-Site Guard, Reception Desk, Rooftop Sky Deck, Rooftop Spa, Rooftop Swimming Pool, Sun Deck, Sun Terrace, Trash Chute
  • HOA Fees: 979.00
  • Management Company: Action Property Management
  • HOA: Yes
  • Unit Location: Front

Schools

  • School District: Los Angeles Unified

Lot Info

  • Special Zoning: Property Report
  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 5139-005-086
  • Lot Description: Curbs, Exterior Security Lights, Automatic Gate, Corners Established, Landscaped, Gated Community, Gated with Guard, Street Asphalt, Sidewalks, Street Lighting, Walk Street
  • Lot Location: City, Corner Lot
  • Lot Size Area: 41217

Multi Family

  • Number Of Units: 236

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2015
Sold by
Kim Jong Sung
Bought by
The Gagan Family Trust
Current Estimated Value
$1,056,785

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
Outstanding Balance
$627,906
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$428,879

Purchase Details

Closed on
Apr 21, 2014
Sold by
Kim Jong Sung
Bought by
Kim Ji Won

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$613,500
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2007
Sold by
Kim Jong Sung
Bought by
Kim Ji Won

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2007
Sold by
South Park Phase Ii Llc
Bought by
Kim Ji Won

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,300,000 Provident Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Provident Title Company
Interfamily Deed Transfer -- First American Title Co
Grant Deed $940,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 New Conventional
Previous Owner $613,500 New Conventional
Previous Owner $670,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2025 06/20/25 Sold $1,030,000 -6.3% $633 / Sq Ft
05/28/2025 05/28/25 Pending -- -- --
04/21/2025 04/21/25 Price Changed $1,099,000 -7.6% $675 / Sq Ft
04/01/2025 04/01/25 For Sale $1,190,000 -- $731 / 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 $18,964 $1,145,000 $880,000 $265,000
2024 $18,964 $1,508,756 $1,160,583 $348,173
2023 $18,570 $1,479,174 $1,137,827 $341,347
2022 $17,696 $1,450,171 $1,115,517 $334,654
2021 $17,349 $1,421,738 $1,093,645 $328,093
2019 $16,813 $1,379,570 $1,061,208 $318,362
2018 $16,765 $1,352,520 $1,040,400 $312,120
2016 $16,116 $1,300,000 $1,000,000 $300,000
2015 $13,112 $1,047,882 $261,969 $785,913
2014 $13,128 $1,027,357 $256,838 $770,519
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25519183

The MLS

APN: 5139-005-086