702 S Serrano Avenue 501, Los Angeles, California 90005, Los Angeles, 90005 - 3 bed, 3 bath
702 S Serrano Avenue 501
Los Angeles, California 90005
Property Price
SUMMARY
Analysis of 702 S Serrano Avenue 501, Los Angeles, California 90005 is currently available with a list price of $985,999. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2007, this property falls within the 10-20 year age range for a 'good' rating. It is move-in ready with high-end features including a Viking range, Miele dishwasher, and marble flooring. While the styling reflects its original construction era, the premium appliances and well-maintained surfaces indicate minimal wear and tear without the need for immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic City Views
As a front-facing 5th-floor end unit, this property offers exceptional panoramic city views and abundant natural light, which are premium assets in the dense Koreatown market.
- High-End Kitchen & Finishes
The interior is appointed with luxury features including marble and hardwood flooring, a Viking open burner range, and a Miele dishwasher, catering to upscale tastes.
- Prime Location & Parking
Located in the heart of Koreatown with a high walkability score to Metro stations and dining, the unit also includes rare side-by-side parking for two vehicles.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $750 per month represents a significant recurring cost that may impact the debt-to-income ratio for potential buyers.
- Urban Noise Exposure
Being a front-facing unit in a high-traffic area near Wilshire Boulevard, residents may experience consistent urban noise and street activity.
About 702 S Serrano Avenue 501
Best view,view ,and view, Experience luxury living in this modern end unit located in the heart of Koreatown, just south of Wilshire. This bright and spacious front-facing unit on the 5th floor offers premium features and restricted access for enhanced privacy. The unit spans approximately 1,520 square feet and includes: - Living Space: Large living room with marble and hardwood flooring, featuring a balcony with panoramic city views. - Kitchen: Extensive cabinetry equipped with a Miele dishwasher and a Viking open burner range. - Bedrooms/Baths: 3 bedrooms and 2.5 baths. The master bath includes a X large tub and double sinks; amenities include: - Fitness room - Sun deck - Theater room - SIDE BY SIDE Two parking spaces. The property is within short distance of major supermarkets, the Wiltern Theatre, Gym and spa, Metro stations, and a variety of dining options.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2007
- Lot Size
- 14,187 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $750.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 69% |
| Baths | 3.0 | 2.0 | 88% |
| Square foot | 1,520 | 1,385 | 81% |
| Lot Size | 14,187 | 25,797 | 19% |
| Price | $986.0K | $705.0K | 88% |
| Price per sq ft | $649 | $550 | 88% |
| Built year | 2007 | 1986 | 69% |
| HOA | $750.0 | $542 | 94% |
| Days on market | 52 | 198 | 13% |
Pricing History
Listed for Sale
Jan 13, 2026
$985,999
Initial Listing
Sold
Aug 18, 2017
$799,000
Public Record
Sold
Jul 1, 2011
$600,000
Public Record