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713 N Grand Ave Los Angeles, CA 90012

$2,150,000 Sold Price as of 05/13/2022

14 Beds
10.5 Baths
5,350 Sq.Ft.

Sold

$2,150,000 Sold Price as of 05/13/2022 Refinance Your Mortgage

Map preview of 713 N Grand Ave, Los Angeles, CA 90012

Property Overview: 713 N Grand Ave Los Angeles, CA has 14 bedrooms, 10.5 bathrooms, 5,350 living square feet and 5,060 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Townhouse Style Apt in Chinatown, all unit had Individual water heater and CAC system. had big backyard . Close to everything. 1 U 3 Br 2.5 Bath, 1 U 3Br 2 Baths , All 2 Br 1.5 Bath. one 3 Bedroom 2 bath can split in 2 U make total 7 units income. Rental below market, great upside potential , offers subject to inspection; Drive by only, Do Not disturb occupancies.

Listed by John Yang | BRE #00752742 | IRN Realty

Last checked: 12 minutes ago | Last updated: May 14th, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft: 5,060
HOA Dues: $0/mo
Year built: 1987
Garage: 7 Car
Property Type:: Multi Family

Status: Sold
MLS#: AR22077601
City: Los Angeles
County: Los Angeles
Time on Site: 776 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1
# of Electric Meters: 7
# of Gas Meters: 7
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $1,300
Pro Forma/Market Rent: $2,800

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,100
Total Rent: $1,100
Pro Forma/Market Rent: $1,800

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,075
Total Rent: $1,075
Pro Forma/Market Rent: $1,800

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,800

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,000
Total Rent: $1,000
Pro Forma/Market Rent: $1,800

Unit Breakdown 6

# of Units: 1
# of Beds: 3
# of Baths: 3
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,900
Total Rent: $1,900
Pro Forma/Market Rent: $2,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $90,000
Net Operating Income: $82,133
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $7,867
Electric: $845
Gas/Fuel: $240
Licenses: $407
Trash: $0
Insurance: $3,375
Professional Management: $0
Water/Sewer: $3,000

Property Details for 713 N Grand Ave

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 7
# of Parking Spaces: 7

Lot Information

Lot Features: 6-10 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 6
Parcel Number: 5407012008
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Alpine / Bunker Hill

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Los Angeles Agent

Sale History for 713 N Grand Ave

Last sold for $2,150,000 on May 13th, 2022

April, 2022
Apr 17, 2022

Date

Coming Soon

CRMLS: AR22077601

$2,380,000

Price
June, 2003
Jun 4, 2003

Date

Sold (Public Records)

Public Records

$705,000

Price

Tax History for 713 N Grand Ave

Assessed Value (2020): $934,470

Year	Land Value	Improved Value	Assessed Value
2020	$205,260	$729,210	$934,470

Home Value Compared to the Market

This property vs the competition

713 N Grand Ave sold on May 13, 2022 for 92.92% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $407.48 per/sqft which puts the price per square foot 45.96% lower than the current median sale per square foot for the city of Los Angeles.

About 713 N Grand Ave

Detailed summary of property

713 N Grand Ave is a multi family that recently sold in Los Angeles, CA 90012. This multi family property offered 14 bedrooms, 10.5 bathrooms, roughly 5,350 living square feet, and sits on an approximately 5,060 square foot lot. 713 N Grand Ave was first listed on ArdentRealEstateGroup.com on April 17, 2022. The homeowner sold the property for $2,150,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 92.92% higher than the current median priced home. Local homes that are currently for sale include 151 S Mountainview St, 1801 W 5th St and 1611 E Cesar E Chavez Ave. While the average home in Los Angeles, CA is selling in 94 days, 713 N Grand Ave has a days on market of 10 days. There are currently 3780 homes for sale in the Los Angeles real estate market and 2562 of them are single family homes while 1120 of them are condos and 92 are townhomes. For more information on this home for sale at 713 N Grand Ave Los Angeles, CA 90012 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 713 N Grand Ave

Public county record property details

Beds: 13
Baths: 13
Year built: 1987
Sq. Ft.: 5,350
Lot Size: 5,060
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 5407-012-008

The source for these homes facts are from public records.

90012 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$575,000

Median List Price/Sq.Ft.

$610

Median Sold Price

$550,000

Median Sold Price/Sq.Ft.

$468

Total Inventory

Median Sale to List Price %

88%

Avg Days on Market

125

Loan Type

Conventional (16.67%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.