821 S Grand View St Los Angeles, CA 90057

$1,430,000 Sold Price as of 12/21/2017

4 Beds
5 Baths
4,981 Sq.Ft.

Off Market

$1,430,000 Sold Price as of 12/21/2017 Refinance Your Mortgage

Map preview of 821 S Grand View St, Los Angeles, CA 90057

Property Overview: 821 S Grand View St Los Angeles, CA has 4 bedrooms, 5 bathrooms, 4,981 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

821 S Grand View St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 821 S Grand View St

Last sold for $2,655,000 on December 22nd, 2017

May, 2021
May 10, 2021

Date

Withdrawn

CRMLS: 21689658

$4,490,000

Price
Apr 5, 2021

Date

Price Change

CRMLS: 21689658

$4,490,000

Price
Feb 4, 2021

Date

Active

CRMLS: 21689658

$4,500,000

Price
Listing provided courtesy of CRMLS

OPPORTUNITY ZONE 821-827 South Grand View**Rare double lot assemblage in the booming Westlake area of Los Angeles, just south of McArthur Park, West of DTLA. 100' of frontage on Grand View str. Currently RTI READY, for PROPOSED 60 apartment units. (7 Units Affordable). WALK SCORE 96! One level subterranean parking with 33 spaces, designed with additional height to allow for 'Independent Mechanical Parking' system, giving developers the option to add parking spaces if so desired. Sales package includes the Land, full RTI plans stamped and approved, ready for Buyer to pay and pull building permits, Mechanical, Electrical and Plumbing plans ready and already submitted to the City of LA and included in the purchase price of $75,000/buildable door.

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August, 2020
Aug 22, 2020

Date

Expired

CRMLS: 19522942

$5,150,000

Price
Jun 26, 2020

Date

Withdrawn

CRMLS: 19522942

$5,150,000

Price
Jun 8, 2020

Date

Price Change

CRMLS: 19522942

$5,150,000

Price
Apr 27, 2020

Date

Withdrawn

CRMLS: 19522942

$5,500,000

Price
Feb 6, 2020

Date

Active

CRMLS: 19522942

$5,500,000

Price
Feb 5, 2020

Date

Hold

CRMLS: 19522942

$5,500,000

Price
Jan 2, 2020

Date

Active

CRMLS: 19522942

$5,500,000

Price
Dec 24, 2019

Date

Hold

CRMLS: 19522942

$5,500,000

Price
Nov 14, 2019

Date

Price Change

CRMLS: 19522942

$5,500,000

Price
Oct 22, 2019

Date

Active

CRMLS: 19522942

$5,990,000

Price
Listing provided courtesy of CRMLS

DOUBLE LOT, OPPORTUNITY ZONE***. ZONED R4-1, TOC TIER 3. (821-827 S. Grand View). In booming Westlake area of LA, just south of Mc Arthur Park, 1.5 blocks from METRO, West of DTLA. 100' of frontage on Grand View. Entitlements/RTI in process for 60 units. Plans submitted to LADBS. RTI expected August 2020. 7 Units Affordable. UNIT MIX: 29 STUDIOS; 22U X 1 BED/1 BA; 9U X 2 BED/2 BA. Over 1000 new apartment, hotel and retail units coming to the immediate area. McArthur Park and Lake slated for a $20mm renovation. Parking level designed with additional height to allow for 'Independent Mechanical Parking systems'. Seller/Agent do not guarantee any information in this listing. WALK SCORE 96! Buyer to conduct and rely solely on independent Buyer investigations regarding all matters affecting the property. Plans furnished upon request.

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December, 2017
Dec 22, 2017

Date

Sold

CRMLS: SR17206161

$2,655,000

Price
Oct 10, 2017

Date

Active Under Contract

CRMLS: SR17206161

$2,820,000

Price
Sep 13, 2017

Date

Active

CRMLS: SR17206161

$2,820,000

Price
Listing provided courtesy of CRMLS

2 properties being sold together. Total lot size is 15,000 and total combined building size is over 8421 sq ft.. Due to the R4 zoning and up and coming neighborhood location, this is a prime development opportunity in an extremely high demand multi-family/condo rental market. Over 90% of residents are renters in the area. Two adjacent properties, each lot is 7500 sq ft for a combined 15,000 sq ft lot allowing developer/builder to build up to 49 units with the density bonus. Currently 11 existing units with some remodeling, new roof on one building and lots of other structural and cosmetic work recently done. Collect rent in this very high demand rental market. Check out the pro forma. This up and coming Westlake area is cushioned between Downtown LA and Korea Town. Close to MacArthur Park. The one property consists of a duplex and a 5 unit apartment and the other is a quad. Three of the units are vacant and two of the three are brand new built from the studs up. New roof on the 5 unit and full copper plumbing.

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December, 2017
Dec 21, 2017

Date

Sold (Public Records)

Public Records

$1,430,000

Price
September, 2016
Sep 8, 2016

Date

Sold (Public Records)

Public Records

$700,000

Price

Tax History for 821 S Grand View St

Assessed Value (2020): $1,487,771

Year	Land Value	Improved Value	Assessed Value
2020	$1,190,217	$297,554	$1,487,771

About 821 S Grand View St

Detailed summary of property

821 S Grand View St is categorized with a use code of Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel in Los Angeles, CA 90057 and last sold on December 21, 2017 for $1,430,000. This property has 4 bedrooms, 5 bathrooms, roughly 4,981 living square feet, and sits on an approximately 7,500 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 27.68% higher than the current median priced home. 821 S Grand View St was last sold on December 21, 2017 for $1,430,000. Local nearby listings include 421 S La Fayette Park Pl #328, 421 S La Fayette Park Pl #709 and 421 S La Fayette Park Pl #607. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 821 S Grand View St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 821 S Grand View St

Public county record property details

Beds: 4
Baths: 5
Year built: 1922
Sq. Ft.: 4,981
Lot Size: 7,500
Stories: --

Type: Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 5141-023-005

The source for these homes facts are from public records.

90057 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.

$538

Median Sold Price

$900,000

Median Sold Price/Sq.Ft.

$515

Total Inventory

Median Sale to List Price %

90.91%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (100%), Other (0%)

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Call, Text or Message

(714) 706-1823

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