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

702 S Serrano Avenue 702, Los Angeles, California 90005 home-pic-0
ACTIVE$1,149,000
702 S Serrano Avenue 702, Los Angeles, California 90005
3Beds
3Baths
1,500Sqft
14,187Lot
Year Built
2007
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$766
HOA
$750
Days on market
-
Sold On
-
MLS number
25537381
Home ConditionGood
Features
Excellent View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.15M(88th), sqft - 1500(82th), beds - 3(65th), baths - 3(82th).

Experience luxury living in this prime location condo, built in 2007 with earthquake-resistant steel frames. Situated on the southeast corner of the 7th floor, this unit boasts breathtaking downtown views and features aluminum sliding glass windows that enhance energy efficiency, significantly lowering heating and cooling costs. The spacious layout includes three bedrooms and two and a half baths, showcasing modern marble flooring, expansive windows, and walk-in closets with custom shelving. The kitchen is equipped with high-end stainless steel appliances, including a gas oven, complemented by granite countertops and a stylish backsplash tile. The master suite offers a luxurious retreat with its own walk-in closet and a master bath adorned with elegant marble flooring and European-style fixtures. Residents can enjoy amenities such as a rooftop with stunning city views, a fitness center, guest parking, and a well-maintained lobby. Conveniently located within walking distance to markets, restaurants, banks, and shopping, this condo epitomizes a sophisticated urban lifestyle.

Price History

Date
Event
Price
09/01/22
Sold
$1,105,000
12/19/07
Sold
$1,001,000
08/31/04
Sold
$2,250,000
Condition Rating
Good

Built in 2007, this condo falls within the 10-20 year age range for a 'Good' rating. The description and implied image review confirm a move-in ready condition with high-end finishes. The kitchen features stainless steel appliances, granite countertops, and a stylish backsplash, while bathrooms boast elegant marble flooring and European-style fixtures. Modern marble flooring is present throughout, and the property benefits from energy-efficient windows and earthquake-resistant construction. All major systems appear functional and well-maintained, with no immediate renovation needs indicated.
Pros & Cons

Pros

Prime Location & Walkability: The condo offers luxury living in a prime location, conveniently within walking distance to markets, restaurants, banks, and shopping, epitomizing a sophisticated urban lifestyle.
Breathtaking Views: Situated on the southeast corner of the 7th floor, the unit boasts breathtaking downtown views, complemented by stunning city views from the rooftop.
Modern Construction & Energy Efficiency: Built in 2007 with earthquake-resistant steel frames and featuring energy-efficient aluminum sliding glass windows, which significantly lower heating and cooling costs.
High-End Finishes & Gourmet Kitchen: The interior showcases modern marble flooring, expansive windows, walk-in closets with custom shelving, a kitchen with high-end stainless steel appliances, granite countertops, and a stylish backsplash tile.
Comprehensive Building Amenities: Residents have access to a range of amenities including a rooftop with city views, a fitness center, guest parking, and a well-maintained lobby.

Cons

High Association Fee: The property comes with a substantial monthly association fee of $750.0, which adds significantly to the overall cost of ownership.
Lack of Explicit Dedicated Resident Parking: While guest parking is mentioned, the description does not explicitly state if dedicated resident parking is included or available for the unit, which can be a critical factor in Los Angeles.
Limited Private Outdoor Space: As a 7th-floor condo unit, it likely offers limited to no private outdoor space such as a yard or a large balcony, which may not appeal to all buyers.

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