1055 S Serrano Ave #505, Los Angeles, CA 90006
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1055 S Serrano Ave #505 Los Angeles, CA 90006

$898,000
  • 2 Beds
  • 2 Baths
  • 1,370 Sq.Ft.
For Sale
$898,000 Get Pre-Qualified

Map preview of 1055 S Serrano Ave #505, Los Angeles, CA 90006

Property Overview: 1055 S Serrano Ave #505 Los Angeles, CA has 2 bedrooms, 2 bathrooms, 1,370 living square feet and 12,395 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to this rare find in a contemporary 20-unit building completed in 2018, nestled in the heart of Koreatown. This gorgeous penthouse corner unit offers stunning city views and a chic open floor plan, flooded with natural light from the large windows and soaring ceilings, complemented by custom window treatments. The turn-key smart home is equipped with LED lights, custom cabinets, and an in-unit washer/dryer, ensuring modern convenience at every turn. The spacious, high-ceiling living room is perfect for both relaxation and entertaining. The gourmet kitchen features stainless steel appliances, sleek countertops, and ample cabinet space, making it a chef's dream. Downstairs, you'll find two comfortable bedrooms, including a stunning master suite with a lovely balcony where you can enjoy the city views with your morning coffee or unwind after a long day. Upstairs, the versatile second-story loft offers endless possibilities, whether you need a work-from-home office, a gym, or a media room. This luxurious condo also features elegant bathrooms with contemporary fixtures and beautiful tile work. Residents of this secure building enjoy access to a new workout room and an infrared sauna, as well as a sparkling rooftop pool and a relaxing lounge area. The gated security garage includes two assigned parking spots and additional guest parking. Located in the vibrant Koreatown neighborhood with tons of food choices and an array of shopping, and entertainment options. With easy access to major highways and public transportation, the rest of Los Angeles is at your fingertips. Don’t miss out on the opportunity to own this exquisite condo in one of LA's most dynamic areas. Schedule a private showing today and experience the best of city living.

Listed by Ash Rizk | BRE #01503342 | Coldwell Banker Realty
Last checked: 12 minutes ago | Last updated: August 11th, 2024 | Source CRMLS | DOM: 33
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Home details

Lot Sq. Ft
12,395
HOA Dues
$412/mo
Year built
2017
Garage
--
Property Type:
Condominium
Status
Active
MLS#
AR24146983
City
Los Angeles
County
Los Angeles
Time on Site
45 days

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Property Details for 1055 S Serrano Ave #505

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Downstairs Bedrooms: 2
  • Downstairs Bathrooms: 2
  • Living Room, Loft
Kitchen Information
  • Has Appliances
  • Dishwasher
Bathroom Information
  • # of Baths (Full): 2
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Subterranean
Lot Information
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 1 Common Wall
  • Total # of Units: 20
  • Parcel Number: 5080014073
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: First Choice
  • Association Fee: $412 (Monthly)
  • Association Amenities: Sauna, Gym/Ex Room
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Directions: Between W 11th St and W Olympic Blvd
Neighborhood Information
  • Community Features: Urban
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Sale History for 1055 S Serrano Ave #505

Last sold for $775,000 on July 22nd, 2020
  • July, 2024

  • Jul 31, 2024

    Date

    Active

    CRMLS: AR24146983

    $898,000

    Price

  • July, 2020

  • Jul 23, 2020

    Date

    Sold

    CRMLS: 20581640

    $775,000

    Price

  • Jun 11, 2020

    Date

    Active Under Contract

    CRMLS: 20581640

    $799,500

    Price

  • May 25, 2020

    Date

    Active

    CRMLS: 20581640

    $799,500

    Price

  • Listing provided courtesy of CRMLS

    RARE 2018 Contemporary 20 unit building in the heart of Korea Town!Enjoy the city views from this gorgeous Penthouse corner unit with a chic open floor plan, light filled with soaring ceilings and custom window treatments.This turn-key Smart homefeatures LED lights, custom cabinets, and washer/dryer in unit. Stunning master suiteincludeslovely balconyto enjoy coffee in the morning or drinks in the evening, giving you the feel of a 5 star hotel.The upstairs spacious loft is the perfect area for a work-from-home office, gym, or media room, the possibilities are endless! Building includesa new workoutroom and infraredsauna. Gated security garage with 2 assignedparking spots inadditionto guest parking.

  • July, 2020

  • Jul 22, 2020

    Date

    Sold (Public Records)

    Public Records

    $775,000

    Price

  • March, 2019

  • Mar 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

Show More

Tax History for 1055 S Serrano Ave #505

Assessed Value (2020): $765,000
Year Land Value Improved Value Assessed Value
2020 $385,968 $379,032 $765,000

Home Value Compared to the Market

This property vs the competition

1055 S Serrano Ave #505 is listed 25.17% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $766 and this home is listed at $655.47 per/sqft which puts the price per square foot 14.43% lower than the median price per square foot for the city of Los Angeles.

About 1055 S Serrano Ave #505

Detailed summary of property

1055 S Serrano Ave #505 is a condominium located in Los Angeles, CA 90006 and is currently for sale. This condo offers 2 bedrooms, 2 bathrooms, roughly 1,370 living square feet, and sits on an approximately 12,395 square foot lot. 1055 S Serrano Ave #505 was first listed on ArdentRealEstateGroup.com on July 31, 2024. The homeowner is currently asking $898,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $766. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 25.17% lower than the median priced home. Local competing homes currently for sale include 700 S Ardmore Ave #402, 3810 Wilshire Blvd #804 and 3810 Wilshire Blvd #801. This home does have a Homeowners Association and the monthly fee is $412 per month. While the average home in Los Angeles, CA is selling in 104 days, 1055 S Serrano Ave #505 has a days on market of 33 days. There are currently 4084 homes for sale in the Los Angeles real estate market and 2797 of them are single family homes while 1162 of them are condos and 119 are townhomes. For more information on this home for sale at 1055 S Serrano Ave #505 Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1055 S Serrano Ave #505

Public county record property details
Beds
2
Baths
2
Year built
2017
Sq. Ft.
1,280
Lot Size
--
Stories
--
Type
Condominium Unit (Residential)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5080-014-073

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$598
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$597
Total Inventory
31
Median Sale to List Price %
87.46%
Avg Days on Market
75
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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Related Resources to 1055 S Serrano Ave #505

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.