702 S Serrano Avenue 504, Los Angeles, California 90005, Los Angeles, 90005 - 2 bed, 2 bath
702 S Serrano Avenue 504
Los Angeles, California 90005
Property Price
SUMMARY
Analysis of 702 S Serrano Avenue 504, Los Angeles, California 90005 is currently available with a list price of $859,000. 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 17-year-old luxury condominium is in well-maintained, move-in-ready condition. It features high-quality materials including marble and wood flooring, granite countertops, and stainless steel appliances. While the styling reflects its original construction era rather than a brand-new renovation, the property offers modern amenities like an EV charger and premium building facilities, fitting the criteria for a high-quality, established residence.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of Koreatown, this property offers exceptional walkability to the Metro Red Line, public library, and a vibrant array of restaurants and shopping, perfect for a transit-oriented lifestyle.
- Luxury Building Amenities
The condominium provides a high-end lifestyle with premium amenities including a rooftop sun deck with city views, a private movie theater, a fitness center, and the modern essential of an EV charger.
- Sophisticated Interior Finishes
The unit features upscale materials such as marble flooring in the living areas, granite countertops, high-quality stainless steel appliances, and a master bathroom equipped with a Jacuzzi tub.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $750 per month is relatively high, which may impact the overall affordability and debt-to-income ratios for prospective buyers.
- Urban Density Concerns
Being located in a high-traffic metropolitan hub, residents may experience the noise and congestion typical of central Los Angeles, which might not appeal to those seeking a quiet residential atmosphere.
About 702 S Serrano Avenue 504
BEAUTIFUL LUXURY CONDOMINIUM. 2 BED + 2 BATH, 2 PARKING WITH EV Charger . MARBLE FLOORING IN LIVING AND WOOD FLOOR IN BEDROOMS.JACUZZI BATH IN MASTER BATHROOM. GRANITE COUNTER TOPS AND HIGH QUALITY STAINLESS STEEL APPLIANCE. FITNESS, ROOFTOP SUN DECK, MOVIE THEATER. SECURITY SYSTERM. HEART OF KOREA TOWN. WALKING DISTANCE SHOPPING,PUBLIC LIBRARY, METRO RED LINE,RESTAURANTS...
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2007
- Lot Size
- 14,187 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,160 | 1,286 | 38% |
| Lot Size | 14,187 | 25,797 | 19% |
| Price | $859.0K | $705.0K | 81% |
| Price per sq ft | $741 | $550 | 94% |
| Built year | 2007 | 1986 | 69% |
| HOA | $750.0 | $542 | 94% |
| Days on market | 11 | 198 | 6% |
Pricing History
Listed for Sale
Feb 23, 2026
$859,000
Initial Listing
Sold
Aug 4, 2020
$615,000
Public Record
Sold
Feb 6, 2009
$751,000
Public Record