1055 S Serrano Avenue 502, Los Angeles, California 90006, Los Angeles, 90006 - 3 bed, 2 bath
ACTIVE$995,000
1055 S Serrano Avenue 502, Los Angeles, California 90006
3Beds
2Baths
1,530Sqft
12,395Lot
Year Built
2018
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$650
HOA
$412
Days on market
-
Sold On
-
MLS number
CV25065558
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
ViewCity Lights
About this home
We found 3 Cons,5 Pros.
Welcome to this modern penthouse in the heart of Los Angeles. Offering 3 bedrooms, 2 bathrooms, separate laundry room, AND a bonus loft -all within 1,530 sq. ft. of thoughtfully designed living space. The open living area is filled with natural light, and the contemporary kitchen is perfect for both preparing meals and entertaining. Two side-by-side parking spaces, plus a private storage unit in the garage and shared gym for added convenience. Enjoy stunning views from the private rooftop deck, with downtown’s skyscrapers to the east and sunsets over palm trees to the west. Recently built this condo is just steps from Koreatown, and some of the best dining Los Angeles has to offer
Nearby schools
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.1mi
3/10
Los Angeles Elementary School
Public,•K-5•0.2mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.5mi
3/10
Wilton Place Elementary School
Public,•K-5•0.7mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.1mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.2mi
3/10
Berendo Middle School
Public,•6-8•0.7mi
5/10
Pio Pico Middle School
Public,•6-8•0.8mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.3mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.9mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.9mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.9mi
4/10
West Adams Preparatory High School
Public,•9-12•1.2mi
4/10
Los Angeles Senior High School
Public,•9-12•1.6mi
Price History
Date
Event
Price
04/08/19
Sold
$800,000
Condition Rating
Excellent
This property was built in 2018, making it only 6 years old and falling well within the 'newly built' criteria for an excellent rating. The description highlights it as a 'modern penthouse' with a 'contemporary kitchen,' which is strongly supported by the images. The kitchen features white shaker-style cabinets, light quartz countertops, subway tile backsplash, and modern stainless steel appliances, all appearing new and in pristine condition. Bathrooms showcase modern vanities, tiled showers, and contemporary fixtures. Throughout the main living areas, there is modern wide plank flooring, with clean carpeting in the loft. All components, including light fixtures (recessed and pendant), appear new or virtually new, with no signs of deferred maintenance or physical depreciation. The overall aesthetic is fresh, modern, and move-in ready.
Pros & Cons
Pros
New Construction & Modern Design: Built in 2018, this modern penthouse features contemporary design elements and newer building systems, offering a move-in ready experience with reduced immediate maintenance concerns.
Private Rooftop Deck with Panoramic Views: The property boasts a private rooftop deck offering stunning panoramic views of downtown skyscrapers to the east and picturesque sunsets over palm trees to the west, a highly desirable luxury amenity.
Prime Urban Location: Situated in the heart of Los Angeles, just steps from Koreatown, residents benefit from exceptional walkability and immediate access to a vibrant array of dining, entertainment, and cultural attractions.
Spacious & Versatile Layout: With 1,530 sq. ft. of thoughtfully designed living space, including 3 bedrooms, 2 bathrooms, a separate laundry room, and a bonus loft, the property offers ample room and flexibility for various living arrangements.
Premium Building Amenities: The unit includes two side-by-side parking spaces, a private storage unit in the garage, and access to a shared gym, providing significant convenience and added value in an urban setting.
Cons
Monthly Association Fee: A monthly association fee of $412.0 adds a recurring cost to homeownership, which should be factored into the buyer's budget.
Potential for Urban Noise: Its central location in the heart of Los Angeles and proximity to Koreatown, while offering convenience, may also expose residents to higher levels of urban noise.
Significant Price Appreciation: The current list price of $995,000 represents a substantial increase from its last recorded sale at $800,000 in 2019, which may require thorough market justification for potential buyers.