NOT LISTED FOR SALE

240-248 S Western Ave Los Angeles, CA 90004

Koreatown Neighborhood

Estimated Value: $15,629,999

1 Bed
-- Bath
700 Sq Ft
$22,329/Sq Ft Est. Value

About This Home

The St. Charles Apartments are the definition of upscale living. Our property features remodeled studio apartments that come with vinyl flooring, recessed lighting, exposed brick walls, open concept spaces, walk-in closets, updated kitchens with subway tile backsplashes, stainless steel appliances, and farmers sinks. We value our renter's continual satisfaction, you can always rely on our attentive on-site management and weekly maintenance and cleaning teams for assistance. We cannot wait to welcome you to the St. Charles Apartments.
This property is professionally managed by Property Management Associates in Los Angeles.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2018
Sold by
240 248 S Western Ave Owner Llc
Bought by
Brooklyn Western Towers Llc
Current Estimated Value
$15,629,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,600,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 2015
Sold by
Towers On Western Llc
Bought by
240-248 S Western Ave Owner Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000,000
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2007
Sold by
Rye Associates Llc
Bought by
Towers On Western Llc

Purchase Details

Closed on
Dec 8, 2006
Sold by
Highpoint Associates Ii Llc
Bought by
Rye Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 2003
Sold by
Highpoint Associates Ii Llc
Bought by
Highpoint Associates Ii Llc and Rye Associates Llc

Purchase Details

Closed on
Mar 21, 2003
Sold by
Inimco Inc
Bought by
Highpoint Associates Ii Llc and Rye Associates Llc

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Brooklyn Western Towers Llc $11,250,000 Chicago Title
240-248 S Western Ave Owner Llc $9,000,000 Chicago Title Company
Towers On Western Llc $6,500,000 Chicago Title
Rye Associates Llc -- Accommodation
Highpoint Associates Ii Llc -- --
Highpoint Associates Ii Llc -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brooklyn Western Towers Llc $7,500,000
Closed Brooklyn Western Towers Llc $10,000,000
Closed Brooklyn Western Towers Llc $9,600,000
Previous Owner 240-248 S Western Ave Owner Llc $5,400,000
Previous Owner 240-248 S Western Ave Owner Llc $14,000,000
Previous Owner Towers On Western Llc $4,870,000
Previous Owner Towers Of Western Llc $4,995,000
Previous Owner Towers On Western Llc $5,000,000
Previous Owner Rye Associates Llc $2,500,000
Previous Owner Rye Associates Llc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Off Market $1,500 -- --
01/17/2025 01/17/25 For Rent $1,500 0.0% --
02/21/2024 02/21/24 Price Changed $1,500 -1.6% $3 / Sq Ft
08/08/2023 08/08/23 For Rent -- -- --
06/21/2023 06/21/23 For Rent -- -- --
06/19/2023 06/19/23 For Rent -- -- --
04/27/2023 04/27/23 Price Changed $1,525 -4.7% $3 / Sq Ft
02/22/2023 02/22/23 Price Changed $1,600 +3.2% $3 / Sq Ft
11/18/2022 11/18/22 Price Changed $1,550 -3.1% $3 / Sq Ft
09/07/2022 09/07/22 Price Changed $1,600 +17.2% $3 / Sq Ft
06/07/2022 06/07/22 For Rent $1,365 0.0% --
05/18/2022 05/18/22 For Rent $1,365 -- --

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
2024 $152,497 $12,303,516 $4,647,995 $7,655,521
2023 $149,811 $12,062,271 $4,556,858 $7,505,413
2022 $142,903 $11,825,757 $4,467,508 $7,358,249
2021 $140,985 $11,593,880 $4,379,910 $7,213,970
2019 $136,795 $11,299,728 $4,250,000 $7,049,728
2018 $116,411 $9,413,328 $2,601,000 $6,812,328
2016 $111,027 $9,000,000 $2,500,000 $6,500,000
2015 $87,944 $7,103,949 $2,185,829 $4,918,120
2014 $88,306 $6,964,793 $2,143,012 $4,821,781
Source: Public Records

Map

California Los Angeles County Los Angeles 90004 Koreatown

240-248 S Western Ave, Los Angeles, CA

Homes for Sale in Los Angeles, CA

This home is located at 240-248 S Western Ave, Los Angeles, CA 90004 and is currently estimated at $15,629,999, approximately $22,328 per square foot. 240-248 S Western Ave is a home located in Los Angeles County with nearby schools including Charles H. Kim Elementary School, UCLA Community School, and Young Oak Kim Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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