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Sold for $290,000
  • $290,000

    525 S Ardmore Ave APT 221, Los Angeles, CA 90020

    1beds
    566sqft
    Residential, Condominium
    Built in 1973
    -- sqft lot
    $292,300 Zestimate®
    $512/sqft
    $1,786 Estimated rent

    Home value

    $292,300

    $278,000 - $307,000

    $1,786/mo

    Zestimate® history
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    What's special

    Sparkling poolAll appliances includedAll-new interior paintOpen inviting floor planRelaxing spa
    An Opportunity in the Heart of Koreatown: Style, Location, and Future Growth in One Perfect Package. Welcome to "Parc de la Villa", this 1-bed, 1-bath home in the highly sought-after Park Villas community, where modern comfort meets one of the most rapidly evolving economic zones in all of Los Angeles. This is more than a home. This is your front-row seat to the future of LA. Step inside and feel the refreshing brightness , paired with a layout that maximizes space, comfort, and style. Everything you need is already here: All appliances included: Stove, Refrigerator, Microwave, Dishwasher, refreshed bathroom with clean modern finishes. Oversized closets, offering rare storage space seldom found . An open inviting floor plan that makes the home feel much larger than its footprint . Whether you're a first-time buyer, investor, or someone seeking a centrally located LA residence, this unit checks every box. Resort-Style Living in the Middle of the City. Park Villas offers amenities that truly elevate daily living: Sparkling pool, Relaxing spa, Spacious clubhouse perfect for gatherings or remote work, convenience and urban vibrance all in one place. And the nightlife? You're just down the street from Break Room 86, the world-famous hidden karaoke bar known for its retro speakeasy vibe, performances & celebrity sightings. When friends ask where to go, your neighborhood becomes the destination. A Prime Location Surrounded by Multi-Billion-Dollar Growth , Owning real estate in Koreatown and the broader 90012 Downtown LA corridor has always been smart. But the next three years are expected to be transformational. Several major economic engines are driving long-term value appreciation:1. 670 Mesquit A $1.4 Billion Mega Project Currently under construction, this mixed-use destination will include: Luxury apartments, Office space, Retail hotel , Large-scale developments like this historically elevate surrounding home values by boosting foot traffic, infrastructure, and desirability. 2. Massive Transit & Mobility Upgrades To prepare for global event sand to improve LA's urban coreseveral transportation projects are underway: Purple (D Line) Subway Extension, improving access across LA Dodger Stadium, Gondola (LA Aerial Rapid Transit) a $500 million rapid-access system , Major pedestrian cycling, & street corridor improvements along Figueroa, Olympic, and other key streets. Enhanced transportation = increased housing demand = long-term equity. 3. LA Convention Center Expansion. A major expansion projected to add $150M+ annually in business activity, creating job growth and attracting international events. 4. Early Build-Up for the 2028 Olympic Games, Although the Games are in 2028, 2026 is primed for peak preparation, including: Upgrades to Crypto.com Arena and the Peacock Theater , Metro's Games Enhanced Transit Service (GETS) with new zero-emission buses and new shuttle routes .Park-and-ride systems flowing directly through downtown. The LA economy is expected to generate billions in revenue between 2024-2029 due to Olympic-related activity. Why This Matters for You as a Buyer when you buy in Koreatown today, you're not just buying a home, you're buying into one of LA's strongest appreciation cycles. Housing near: Billion-dollar new developments , Major transit expansion, Olympic-driven improvements, Revitalized entertainment, hubs typically sees the highest property-value growth and strongest long-term demand. And with Park Villas' amenities, updates, and unbeatable location, "Parc de la Villa" stands out as a high-value, future-proof investment. Your Home. Your Lifestyle. Your Smartest Investment Yet. This unit gives you: All appliances , Oversized storage , Pool, spa & clubhouse, Steps from Koreatown nightlife Surrounded by massive economic growth Positioned perfectly for long-term appreciation

    Zillow last checked:

    Listing updated:

    Listed by:

    Cesar Melendrez DRE # 01742638 310-729-8387,

    Jason Mitchell Real Estate Ca 310-720-6627

    Bought with:

    Wolsoon Han, DRE # 01725217

    Sky Commercial Realty

    Source: CLAW,MLS#: 25628591MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Rooms
    • Room types: Living Room
    Bathroom
    • Features: Remodeled
    Kitchen
    • Features: Remodeled
    Heating
    • Wall
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Microwave
    • Laundry: Common Area
    Features
    • Turnkey
    • Flooring: Laminate
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 566
    • Total interior livable area: 566 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Assigned, Community Structure, Secured
    • Garage spaces: 1
    Features
    • Levels: One
    • Patio & porch: Rear Porch
    • Exterior features: Balcony
    • Pool features: Association
    • Spa features: Association Spa
    • Has view: Yes
    • View description: Tree Top, Walk Street
    Lot
    • Size: 1.69 Acres
    Details
    • Parcel number: 5503024094
    • Zoning: LAR4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Contemporary
    • Property subtype: Residential, Condominium
    • Attached to another structure: Yes
    Materials
    • Roof: Asphalt,Composition,Shingle
    Condition
    • Updated/Remodeled
    • Year built: 1973

    Utilities & green energy

    • Sewer: In Connected and Paid
    • Water: District

    Community & HOA

    Community
    • Security: Card/Code Access, Secured Community, Security Lights
    • Subdivision: Park Villas Condominium Association
    HOA
    • Has HOA: Yes
    • Amenities included: Clubhouse, Controlled Access, Exercise Room, Fitness Center, Gated, Gated Parking, Pool
    • HOA fee: $466 monthly
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $512/sqft
    • Tax assessed value: $450,574
    • Annual tax amount: $5,356
    • Date on market: 12/15/2025

    Price history

    DateEventPrice
    6/3/2026Sold$290,000-3.3%$512/sqft
    Source: CLAW #25628591 Report a problem
    5/14/2026Listing removed$299,999$530/sqft
    Source: CLAW #25628591 Report a problem
    5/7/2026Price change$299,999-10.4%$530/sqft
    Source: CLAW #25628591 Report a problem
    4/14/2026Price change$335,000-5.6%$592/sqft
    Source: CLAW #25628591 Report a problem
    4/3/2026Price change$355,000-1.4%$627/sqft
    Source: CLAW #25628591 Report a problem
    3/13/2026Listed for sale$360,000$636/sqft
    Source: CLAW #25628591 Report a problem
    1/31/2026Contingent$360,000$636/sqft
    Source: CLAW #25628591 Report a problem
    1/14/2026Price change$360,000-7.7%$636/sqft
    Source: CLAW #25628591 Report a problem
    12/15/2025Listed for sale$389,999-1.5%$689/sqft
    Source: CLAW #25628591 Report a problem
    3/5/2018Sold$396,000+5.6%$700/sqft
    Source: CLAW #18304468 Report a problem
    2/2/2018Pending sale$375,000$663/sqft
    Source: Compass #18304468 Report a problem
    1/18/2018Listed for sale$375,000+240.9%$663/sqft
    Source: Compass #18304468 Report a problem
    9/15/2011Sold$110,000+19.8%$194/sqft
    Source: Public Record Report a problem
    5/13/2011Sold$91,800-63.3%$162/sqft
    Source: Public Record Report a problem
    2/8/2006Sold$250,000+157.7%$442/sqft
    Source: Public Record Report a problem
    3/11/2002Sold$97,000+29.3%$171/sqft
    Source: Public Record Report a problem
    3/22/2001Sold$75,000+89.9%$133/sqft
    Source: Public Record Report a problem
    6/23/1999Sold$39,500$70/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,356 +1.1%$450,574 +2%
    2024$5,296 +2%$441,741 +2%
    2023$5,195 +4.9%$433,080 +2%
    2022$4,952 +1.3%$424,589 +2%
    2021$4,887 -1%$416,264 +1%
    2020$4,936 $411,997 +2%
    2019$4,936 +242.6%$403,920 +232.6%
    2018$1,441 $121,425 +2%
    2017$1,441 +2.2%$119,045 +2%
    2016$1,409 +2.8%$116,712 +1.5%
    2015$1,371 +0.6%$114,959 +2%
    2014$1,363 $112,708 +2.5%
    2012-- $110,000 -17.9%
    2011-- $134,000
    2010-- $134,000 -7.9%
    2009-- $145,500 -38.6%
    2008-- $237,000 -7.1%
    2007-- $255,000 +143.2%
    2006-- $104,856
    2005-- $104,856 +4%
    2004-- $100,786 +1.9%
    2003-- $98,940 +29.3%
    2002-- $76,500 +89.9%
    2000-- $40,290
    Find assessor info on the county website

    Neighborhood: Koreatown

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Los Angeles Unified

    Source: CLAW. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $292,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $292,300