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
25599329
Home ConditionGood
Features
Good 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).

Experience modern city living in this rare top-floor corner residence at Serrano Place. Built in 2007 with earthquake resistant steel framing, this 3 bed room, 3 bath home offers 1,520 sq. ft of thoughtfully designed space with sweeping city and sunset views. Walls of windows flood the open-concept living and dining areas with natural light, while the private balcony provides an ideal setting for entertaining. The chef's kitchen features sleek cabinetry, stone countertops, and stainless steel appliances. The spacious primary suits includes a spa inspired bath and generous closet space, complemented by two additional bedrooms for guests or home office. Additional highlights include in-unit laundry, gated 2-car parking, and secure entry. Located in the heart of Koreatown, moments from dining, shopping, entertainment and transit. A perfect blend of convenience, privacy, and style.

Price History

Date
Event
Price
09/29/25
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 17 years old, falling within the 'Good' category's age range. The description highlights a 'chef's kitchen with sleek cabinetry, stone countertops, and stainless steel appliances' and a 'spa inspired bath,' indicating modern and high-quality finishes that were likely new at the time of construction and appear well-maintained. The exterior image confirms a contemporary, well-kept building. The property is described as 'modern city living' and 'thoughtfully designed,' suggesting it is move-in ready with no immediate renovation required, and major systems are functional and within their expected lifespan.
Pros & Cons

Pros

Premium Location & Connectivity: Situated in the vibrant heart of Koreatown, offering immediate access to diverse dining, shopping, entertainment, and public transit options, enhancing urban convenience.
Modern & Secure Construction: Built in 2007 with earthquake-resistant steel framing, providing structural integrity and peace of mind. Features secure entry and gated 2-car parking for enhanced safety and convenience.
Exceptional Views & Natural Light: As a rare top-floor corner residence, it boasts sweeping city and sunset views. Walls of windows flood the open-concept living areas with abundant natural light.
Upscale Interior Finishes & Layout: Features a chef's kitchen with sleek cabinetry, stone countertops, and stainless steel appliances. The primary suite includes a spa-inspired bath, complemented by a thoughtfully designed open-concept layout.
Privacy & Exclusive Features: Offers the privacy of a top-floor corner unit with a private balcony ideal for entertaining. Includes practical amenities like in-unit laundry and dedicated 2-car parking.

Cons

High Monthly Association Fee: The association fee of $750.0 per month is substantial and adds a significant recurring cost to homeownership.
Limited Private Outdoor Space: While featuring a private balcony, the property lacks a larger private yard or garden area, which some buyers may prefer for outdoor living.
Absence of Mentioned Building Amenities: Despite the high HOA fee, the description does not mention common building amenities such as a gym, pool, or community lounge, which are often expected in luxury condominiums.

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