436 S Virgil Ave, # Penthouse 15, Los Angeles, CA 90020

Welcome to Element 436, a luxury mid-rise condo community located in the heart of vibrant Koreatown, just minutes from Wilshire Boulevard, Downtown Los Angeles, and the Metro D Line. This stylish, light-filled unit features an open-concept living and dining area with modern wood-style flooring, high ceilings, track lighting, and double-paned sliding doors opening onto a private patio complete with interlocking deck tiles. The gourmet kitchen boasts quartz countertops, glass-and-stone mosaic tile backsplash, dark espresso cabinetry, and full-size stainless steel appliances, including a gas range/oven, side-by-side refrigerator, microwave, and dishwasher. The serene primary bedroom offers wall-to-wall carpeting, floor-to-ceiling glass doors to the outdoor deck, and a custom walk-in closet fitted with built-in wooden shelving, hanging racks, and storage drawers. Additional highlights include a modern bathroom with a quartz vanity and glass-enclosed shower/tub combo, a dedicated in-unit laundry room with full-size washer and dryer, central A/C and heating, reserved underground parking space for 2 non tandem spots, secure bike storage, and access to a landscaped courtyard lounge with BBQ grills and a fitness center. 1. COMPLIANCE WITH RULES & HOA BYLAWS: Tenant agrees to abide by all federal, state, and local laws, as well as all building rules, regulations, and Homeowners Association (HOA) CC&Rs and Bylaws. Tenant shall reimburse Landlord for any HOA fines or penalties incurred due to Tenant's (or Tenant's guests') non-compliance. 2. SMOKING POLICY: Smoking, vaping, or burning of any substance (including tobacco, cannabis, e-cigarettes, or incense) is strictly prohibited anywhere inside the premises, balcony/patio area, or common areas of the building. 3. RENTERS INSURANCE: Prior to move-in, Tenant shall obtain and maintain a comprehensive Renters Insurance Policy with a minimum of $100,000 in personal liability coverage. Tenant shall provide proof of coverage naming the Landlord as an "Additional Interested Party" / "Certificate Holder" to ensure Landlord receives automatic notification of any policy modifications or cancellations. 4. TENANT MAINTENANCE RESPONSIBILITIES: Tenant shall keep the unit clean, sanitary, and in good condition. Tenant is responsible for: a) Replacing the HVAC air filter and refrigerator water filter every three (3) months. b) Replacing interior light bulbs and smoke/CO detector batteries as needed. c) Repairing or clearing plumbing blockages, clogs, or damage caused by improper disposal, misuse, or neglect (e.g., flushing wipes, grease, or foreign objects). 5. LEASE TERMINATION & NOTICE TO VACATE: Tenant agrees to provide Landlord with written notice of intent to vacate or renew at least thirty (30) days prior to the expiration of the lease term. 6. PROHIBITION OF SHORT-TERM RENTALS & SUBLEASING: Subleasing, room renting, or operating short-term rentals (including, but not limited to, Airbnb, VRBO, or corporate stays) is strictly prohibited. Any unauthorized short-term rental activity constitutes a material breach of this Lease and grounds for immediate eviction. 7. PET POLICY: No pets or animals of any kind shall be kept on or about the premises without the express prior written consent of the Landlord, except as required by law for service or emotional support animals. 8. UTILITIES & PARKING: Parking space is restricted to operational passenger vehicles only. Storage of personal items or hazardous materials in parking stalls is prohibited. 9. LEASE TERM & AUTOMATIC MONTH-TO-MONTH CONVERSION: The initial lease term shall be for one (1) year. Upon the expiration of the initial one-year term, this Agreement shall automatically convert to a month-to-month tenancy under the same terms and conditions, unless terminated by either party providing written notice at least thirty (30) days prior to the end of the initial term or in accordance with California law. 10. UTILITIES & SERVICES: a) Tenant Responsibilities: Tenant shall be solely responsible for establishing, maintaining, and paying directly for all utilities and services serving the premises, including but not limited to Water, Electricity, Gas, Internet, Cable/Satellite TV, and Telephone services. b) Account Transfer Prior to Occupancy: Tenant agrees to transfer all tenant-responsible utility accounts into Tenant's name effective as of the Lease Start Date and maintain active accounts through the entire term of the lease. c) Failure to Pay Utilities: Tenant's failure to pay utility charges when due shall constitute a material breach of this Lease. If Landlord is billed or assessed for any tenant-responsible utility service due to Tenant's default or failure to transfer accounts, Tenant shall immediately reimburse Landlord for the full amount plus any associated administrative or late fees.