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Under contract
  • Price cut: $11K (6/29)
    $289,000

    525 S Ardmore Ave APT 222, Los Angeles, CA 90020

    1beds
    566sqft
    : 
    $2,382/mo
    Get pre-qualified
    Residential, Condominium
    Built in 1973
    -- sqft lot
    $281,900 Zestimate®
    $511/sqft
    $466/mo HOA

    What's special

    An Opportunity in the Heart of Koreatown. ***FIXER*** 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: Chance to re-design your own custom finishes, purchase under market value, A Pool, spa & clubhouse, Steps from Koreatown nightlife Surrounded by massive economic growth. Positioned perfectly for long-term appreciation
    86 days
    |
    349
    |
    7
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    Zillow last checked:

    Listing updated:

    Listed by:

    Cesar Melendrez DRE # 01742638 310-729-8387,

    Jason Mitchell Real Estate Ca 310-720-6627

    Source: CLAW,MLS#: 26833027MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Rooms
      • Room types: Den
      Heating
      • Wall
      Cooling
      • Wall Unit(s)
      Appliances
      • Included: Electric Cooktop, Electric Cooking Appliances
      • Laundry: Common Area
      Features
      • 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
      • Garage spaces: 1
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Balcony
      • Pool features: Community
      • Spa features: Association Spa
      • Has view: Yes
      • View description: None
      • Waterfront features: None
      Lot
      • Size: 1.69 Acres
      Details
      • Parcel number: 5503024095
      • Zoning: LAR4
      • Special conditions: Standard
      • Other equipment: None

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Traditional
      • Property subtype: Residential, Condominium
      • Attached to another structure: Yes
      Condition
      • Fixer,Repair Cosmetic
      • Year built: 1973

      Utilities & green energy

      • Sewer: In Street
      • Water: District

      Community & HOA

      Community
      • Security: Gated
      • Subdivision: Park Villas Condominium Association
      HOA
      • Has HOA: Yes
      • Amenities included: Pool, Gated, Clubhouse, Fitness Center
      • HOA fee: $466 monthly
      Location
      • Region: Los Angeles

      Financial & listing details

      • Price per square foot: $511/sqft
      • Tax assessed value: $167,984
      • Annual tax amount: $2,084
      • Date on market: 5/12/2026

        Estimated market value

        $281,900

        $268,000 - $296,000

        $1,815/mo

        Price history

        DateEventPrice
        7/22/2026Contingent$289,000$511/sqft
        Source: CLAW #26833027 Report a problem
        6/29/2026Price change$289,000-3.7%$511/sqft
        Source: CLAW #26833027 Report a problem
        6/16/2026Listed for sale$299,999$530/sqft
        Source: CLAW #26833027 Report a problem
        6/11/2026Contingent$299,999$530/sqft
        Source: CLAW #26833027 Report a problem
        5/12/2026Listed for sale$299,999+158.6%$530/sqft
        Source: CLAW #26833027 Report a problem
        3/20/2003Sold$116,000+118.9%$205/sqft
        Source: Public Record Report a problem
        2/3/2000Sold$53,000+60.6%$94/sqft
        Source: Public Record Report a problem
        6/18/1998Sold$33,000-48.7%$58/sqft
        Source: Public Record Report a problem
        7/2/1997Sold$64,288$114/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,084 +1.3%$167,984 +2%
        2024$2,056 +1.8%$164,691 +2%
        2023$2,021 +4.7%$161,463 +2%
        2022$1,929 +1.5%$158,298 +2%
        2021$1,901 -0.9%$155,195 +1%
        2020$1,919 $153,604 +2%
        2019$1,919 +4.4%$150,593 +2%
        2018$1,838 $147,641 +2%
        2017$1,838 +2.2%$144,747 +2%
        2016$1,799 +2.5%$141,910 +1.5%
        2015$1,755 +0.6%$139,779 +2%
        2014$1,744 $137,042 +2.5%
        2012-- $133,750 +2%
        2011-- $131,128 +0.8%
        2010-- $130,149 -0.2%
        2009-- $130,459 +2%
        2008-- $127,902 +2%
        2007-- $125,395 +2%
        2006-- $122,937
        2005-- $122,937 +4%
        2004-- $118,165 +110.1%
        2003-- $56,242 +2%
        2002-- $55,140 +60.8%
        2000-- $34,282
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Koreatown

        Getting around

        94 / 100
        Walker's Paradise
        80 / 100
        Excellent Transit
        59 / 100
        Bikeable

        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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