NOT LISTED FOR SALE

Estimated Value: $933,000 - $1,385,000

1 Bed
2 Baths
1,140 Sq Ft
$2,280/mo HOA Fee

Last Sold December 30, 2022

Last sale price $810,000 $711 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $9,363/month

189 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Saltwater Pool
  • Ocean View
  • 24-Hour Security
  • 9.17 Acre Lot

About This Home

As of December 2022

The Residences at Ritz-Carlton at LA Live, are the crown jewel of DTLA living! This incredible 1-bedroom, 2-bathroom condominium offers all the luxuries of the renowned Ritz-Carlton Hotels with the privacy and comfort that comes with homeownership. Thirty-eight floors above the hustle and bustle of downtown, this unit offers unobstructed 180-degree WEST facing views from both the living area and the bedroom. Pictures do not do this unit justice! On a clear day, there are unobstructed views of beautiful sunsets, panoramic views of all Los Angeles, and even the glittering ocean right from downtown! This unit is ultra-sleek and ultra-modern, complete with high-end finishes and Miele appliances. A full concierge service is included with the HOA and along with cabana access at the pool, a spa/hot tub, gym/exercise room, theater, 24-hour doorman, complimentary valet parking, and complimentary breakfasts - these are just the tip of the iceberg when it comes to the perks of living at the Ritz. Located in the heart of Downtown Los Angeles and minutes away from Whole Foods, L.A. Convention Center, Walt Disney Concert Hall, Crypto Arena, local dining, shops, entertainment, nightlife, and so much more! If the best of best downtown living is what you seek, this is where you want to be.

Last Agent to Sell the Property

John Maseredjian

JohnHart Real Estate License #01874369 Listed on: 06/22/2022

JohnHart Real Estate

Last Buyer's Agent

Jeff Adler

Coldwell Banker License #02015969

Coldwell Banker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,289

Year Built

  • Built in 2010

Lot Details

  • Two or More Common Walls
  • West Facing Home

HOA Fees

  • $2,280 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Parking Available
  • Parking Lot

Property Views

  • Ocean
  • City Lights

Home Design

  • Modern Architecture

Interior Spaces

  • 1,140 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Living Room
  • Storage
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Stone Countertops

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 2 Full Bathrooms
  • Stone Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Pool

  • Saltwater Pool
  • Spa

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 16
  • Tax Tract Number 53383
  • Assessor Parcel Number 5138027118
  • $565 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 220 Units
  • Ritz Carlton Residences At L.A. Live Association, Phone Number (213) 765-8612

Amenities

  • Concierge
  • Valet Parking
  • Community Barbecue Grill
  • Picnic Area
  • Sauna
  • Clubhouse
  • Banquet Facilities
  • Billiard Room
  • Meeting Room
  • Recreation Room
  • Community Storage Space

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,289

Year Built

Built in 2010

Lot Details

0

HOA Fees

$2,280 per month

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Security: 24 Hour Security
  • View: Yes
  • Zoning: LALASED
  • Architectural Style: Modern
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5138027118
  • Year Built: 2010
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1140.00 Square Feet
  • Interior Amenities: Recessed Lighting, Stone Counters, Storage
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 1
  • Eating Area: Breakfast Counter / Bar
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 710.53
  • Room Type: Kitchen, Living Room, Master Bathroom, Master Bedroom
  • Spa Features: Association
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Stone Counters, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Stone Counters

Exterior Features

  • Direction Faces: West
  • View: City Lights, Ocean
  • Pool Features: Association, Salt Water
  • Pool Private: No
  • Spa: Yes

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Microwave, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Sauna, Barbecue, Picnic Area, Playground, Gym/Ex Room, Clubhouse, Billiard Room, Banquet Facilities, Recreation Room, Meeting Room, Storage, Concierge, Earthquake Insurance, Insurance, Trash, Sewer, Water, Management, Guard, Security, Controlled Access
  • Association Fee: 2279.91
  • Association Fee Frequency: Monthly
  • Association Name: Ritz Carlton Residences at L.A. Live
  • Phone: 213.765.8612
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights
  • Association Management: Ritz Carlton Residences at L.A. Live

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: 220
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2077.11
  • Tax Lot: 16
  • Tax Tract Number: 53383
  • TaxOtherAnnualAssessmentAmount: 565.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2016
Sold by
Riggs Robert P
Bought by
Riggs Douglas Y
Current Estimated Value
$1,098,773

Purchase Details

Closed on
Aug 16, 2012
Sold by
Riggs Rita Young
Bought by
Riggs Robert P

Purchase Details

Closed on
May 18, 2012
Sold by
Olympic & Georgia Partners Llc
Bought by
Riggs Robert P and Riggs Douglas Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Interest Rate
5.75%
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
Riggs Douglas Y -- None Available
Riggs Robert P -- First American Title Company
Riggs Robert P $862,508 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riggs Robert P $431,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2022 12/30/22 Sold $810,000 -4.7% $711 / Sq Ft
12/28/2022 12/28/22 Pending -- -- --
12/26/2022 12/26/22 For Sale $850,000 0.0% $746 / Sq Ft
12/07/2022 12/07/22 Pending -- -- --
12/01/2022 12/01/22 Price Changed $850,000 -5.6% $746 / Sq Ft
11/14/2022 11/14/22 Price Changed $900,000 -4.8% $789 / Sq Ft
10/28/2022 10/28/22 Price Changed $945,000 -2.6% $829 / Sq Ft
10/18/2022 10/18/22 Price Changed $970,000 -3.0% $851 / Sq Ft
09/09/2022 09/09/22 Price Changed $1,000,000 -7.4% $877 / Sq Ft
06/22/2022 06/22/22 For Sale $1,080,000 0.0% $947 / Sq Ft
05/25/2021 05/25/21 Rented $5,000 0.0% --
05/03/2021 05/03/21 For Rent $5,000 -- --
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 $15,289 $1,238,075 $742,845 $495,230
2024 $15,289 $1,213,800 $728,280 $485,520
2023 $14,976 $1,190,000 $714,000 $476,000
2022 $12,341 $1,000,836 $257,604 $743,232
2021 $12,097 $981,212 $252,553 $728,659
2020 $12,206 $971,152 $249,964 $721,188
2019 $11,732 $952,111 $245,063 $707,048
2018 $11,657 $933,443 $240,258 $693,185
2016 $11,152 $897,199 $230,930 $666,269
2015 $10,991 $883,724 $227,462 $656,262
2014 $11,010 $866,414 $223,007 $643,407
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22135274

California Regional Multiple Listing Service (CRMLS)

APN: 5138-027-118