702 S Serrano Avenue 701, Los Angeles, California 90005, Los Angeles, 90005 - 3 bed, 3 bath

702 S Serrano Avenue 701, Los Angeles, California 90005 home-pic-0
ACTIVE$1,200,000
702 S Serrano Avenue 701, Los Angeles, California 90005
3Beds
3Baths
1,520Sqft
14,187Lot
Year Built
2007
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$789
HOA
$750
Days on market
-
Sold On
-
MLS number
25581087
Home ConditionGood
Features
Excellent View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(88th), sqft - 1520(82th), beds - 3(65th), baths - 3(82th).

Built in 2007 with earthquake-resistant steel framing, this stunning residence is located on the southwest corner of the 7th floor, offering panoramic ocean sunset views and a private balcony. Energy-efficient aluminum sliding glass windows reduce heating and cooling costs while allowing the home to be filled with natural light. This spacious 3-bedroom, 3-bath unit features Modern marble flooring and expansive windows throughout, walk-in closets with custom shelving, a gourmet kitchen with high-end stainless steel appliances, a gas oven, granite countertops, and a designer backsplash. The master suite boasts a private walk-in closet, a spa-inspired bath with marble finishes, and European-style fixtures. Building Amenities: Rooftop deck with breathtaking city views, state-of-the-art fitness center, guest parking, and an elegant and secure lobby. Conveniently located in the heart of Koreatown, this home is just steps from markets, restaurants, banks, and shopping, making it the perfect choice for a sophisticated urban lifestyle.

Price History

Date
Event
Price
08/20/25
Listing
$1,200,000
07/17/18
Sold
$555,000
12/31/15
Sold
$667,500
Condition Rating
Good

Built in 2007, this condominium is 18 years old, fitting the 'Good' category's age range. The description highlights high-end features such as 'Modern marble flooring throughout,' a 'gourmet kitchen with high-end stainless steel appliances, a gas oven, granite countertops, and a designer backsplash,' and a 'spa-inspired bath with marble finishes and European-style fixtures.' These details indicate a well-maintained property with premium, contemporary finishes that are move-in ready and do not require immediate renovation. The 'energy-efficient aluminum sliding glass windows' and 'earthquake-resistant steel framing' also point to quality construction and functional systems within their expected lifespan. While not newly built or recently extensively renovated enough for an 'Excellent' rating, its current condition and features align perfectly with the 'Good' criteria.
Pros & Cons

Pros

Panoramic Views: The residence offers stunning panoramic ocean sunset views from its southwest corner 7th-floor position, complemented by breathtaking city views from the building's rooftop deck.
Luxury Interior Finishes & Amenities: Features include modern marble flooring, expansive windows, walk-in closets with custom shelving, a gourmet kitchen with high-end stainless steel appliances, granite countertops, and a spa-inspired master bath with marble finishes and European-style fixtures.
Prime Urban Location & Walkability: Conveniently situated in the heart of Koreatown, the property is just steps away from markets, restaurants, banks, and shopping, offering an ideal sophisticated urban lifestyle.
Modern & Resilient Construction: Built in 2007 with earthquake-resistant steel framing and energy-efficient aluminum sliding glass windows, ensuring durability, safety, and reduced heating/cooling costs.
Comprehensive Building Amenities: Residents benefit from a rooftop deck, a state-of-the-art fitness center, guest parking, and an elegant and secure lobby, enhancing the living experience.

Cons

High Monthly Association Fees: The association fee of $750.0 per month represents a significant ongoing cost that could impact affordability for some buyers.
Limited Private Outdoor Space: While featuring a private balcony, the condominium unit inherently offers limited private outdoor space compared to a single-family home with a yard.
Potential for Urban Noise/Density: Being in the 'heart of Koreatown' implies a dense urban environment, which may lead to increased noise levels and traffic, potentially not suiting buyers seeking a quieter residential setting.

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