521 S Carondelet St Los Angeles, CA 90057

$1,940,000 Sold Price as of 07/31/2014

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$1,940,000 Sold Price as of 07/31/2014 Refinance Your Mortgage

Map preview of 521 S Carondelet St, Los Angeles, CA 90057

Property Overview: 521 S Carondelet St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 11,825 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

521 S Carondelet St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 521 S Carondelet St

Last sold for $1,940,000 on July 31st, 2014

December, 2022
Dec 18, 2022

Date

Expired

CRMLS: 22180259

$3,995,000

Price
Jul 18, 2022

Date

Active

CRMLS: 22180259

$3,995,000

Price
Listing provided courtesy of CRMLS

521-525 S. Carondelet St. is a vacant rectangular 2-lot development site located in the Mid-Wilshire/Lafayette Park area on the eastern edge of Koreatown. Zoning designation is LAR4-1 with a Tier 3 TOC status for increased density, FAR and reduced parking. The immediate area is one of the most investment rich locations in all of Los Angeles with new developments like the 644-unit Kurve on Wilshire (completed by Greystar in 2021) and historic trophy apartments like the Wilshire Royale, the Asbury, the Bryson and The Town House dotting the skyline. The iconic Art Deco Bullocks Wilshire historic-cultural monument is just a few blocks away from 521 S. Carondelet, purchased and repurposed by Southwestern Law School in 1994. CoStar estimates that the current vacancy rate in Koreatown is 4.4% despite nearly 2500 units delivered via new construction over the past 24 months. The area is still relatively affordable compared to the surrounding submarkets of Hollywood, Hancock Park and Silver Lake, yet also recovered quickly after the pandemic as rents have been rising since early 2021. Mid-Wilshire is one of the most walkable areas in the city and is home to some of LA's coolest dining and nightlife.

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July, 2014
Jul 31, 2014

Date

Sold (Public Records)

Public Records

$1,940,000

Price
May, 2000
May 25, 2000

Date

Sold (Public Records)

Public Records

$290,000

Price

Tax History for 521 S Carondelet St

Assessed Value (2020): $2,132,688

Year	Land Value	Improved Value	Assessed Value
2020	$1,978,089	$154,599	$2,132,688

About 521 S Carondelet St

Detailed summary of property

521 S Carondelet St is categorized with a use code of Multi-Family-Vacant Land in Los Angeles, CA 90057 and last sold on July 31, 2014 for $1,940,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 11,825 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 73.21% higher than the current median priced home. 521 S Carondelet St was last sold on July 31, 2014 for $1,940,000. Local nearby listings include 2864 Sunset Pl #404, 117 Rosemont Ave and 2121 James M Wood Blvd #404. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 521 S Carondelet St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 521 S Carondelet St

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 11,825
Stories: --

Type: Multi-Family-Vacant Land
Pool: No
Spa: No
County: Los Angeles
Lot#: 9,10
APN: 5155-029-009

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$575,000

Median List Price/Sq.Ft.

$538

Median Sold Price

$900,000

Median Sold Price/Sq.Ft.

$515

Total Inventory

Median Sale to List Price %

90.91%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (100%), Other (0%)

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