NOT LISTED FOR SALE

TEN50 1050 S Grand Ave Unit PH3 Los Angeles, CA 90015

Downtown LA Neighborhood

Estimated Value: $978,000 - $1,995,000

2 Beds
2 Baths
1,329 Sq Ft
$930/mo HOA Fee

Last Sold January 24, 2018

Last sale price $1,350,000 $1,016 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $9,326/month

82 Days on Market

Highlights

  • Concierge
  • In Ground Pool
  • City Lights View
  • Fitness Center
  • Gated Parking
  • 4-minute walk to South Park Commons

About This Home

As of January 2018

TEN50 - DOWNTOWN LA'S FIRST LUXURY RESIDENCES DESIGNED AND BUILT FROM THE GROUND UP IN NEARLY A DECADE. OUR BOUTIQUE COLLECTION OF 151 RESIDENCES OFFERS ONE- AND TWO-BEDROOM, PENTHOUSE, TWO-STORY PENTHOUSE RESIDENCES AND A HOST OF LUXURIOUS AMENITIES. GQ HAS NAMED DOWNTOWN LA, "AMERICA'S NEXT GREAT CITY", AND TEN50 IS IN THE HEART OF THIS ONGOING RENAISSANCE. CLOSE TO ARTS, CULTURE, ENTERTAINMENT, RESTAURANTS AND SHOPPING, THIS BEAUTIFUL RESIDENTIAL BUILDING WILL BE THE JEWEL OF SOUTH PARK.

Last Agent to Sell the Property

Garrett Frakes

Polaris Pacific License #01319952 Listed on: 08/21/2017

Last Buyer's Agent

Garrett Frakes

Polaris Pacific License #01319952 Listed on: 08/21/2017

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,761

Year Built

  • Built in 2016

Lot Details

  • 0.5

HOA Fees

  • $930 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 21st floor

Interior Spaces

  • 1,329 Sq Ft Home
  • Wood Flooring
  • City Lights Views

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Electric Dryer Hookup

Parking

  • 2 Covered Spaces
  • Gated Parking
  • Guest Parking

Additional Features

  • In Ground Pool
  • Air Conditioning

Community Details

Overview

  • 151 Units
  • 25-Story Property

Amenities

  • Concierge
  • Outdoor Cooking Area
  • Sundeck
  • Meeting Room
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,761

Year Built

Built in 2016

Lot Details

0

HOA Fees

$930 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: TEN50
  • Entry Floor: 21
  • Living Area: 1329
  • Planned Urban Dev: 0
  • Stories: 25
  • Unit Floor In Building: 21
  • Year Built: 2016
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Wood
  • Appliances: Electric
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Closet Stacked
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Electric Dryer Hookup, Garbage Disposal
  • Price Per S Q F T: 1049.66

Exterior Features

  • Balcony: Yes
  • Tennis Court Y/N: No
  • Pool Description: Association Pool
  • Pool: Yes
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Parking Space
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Security: Community

Association/Amenities

  • Amenities: Concierge, Conference, Controlled Access, Elevator, Exercise Room, Fitness Center, Gated Parking, Guest Parking, Onsite Property Management, Outdoor Cooking Area, Pool, Spa, Sun Deck
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 930.00
  • HOA: Yes
  • Unit Location: South

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Geocode Override: No

Multi Family

  • Number Of Units: 151

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2017
Sold by
Crp Tu Glass Tower Owner Llc
Bought by
Fong Michael R and Fong Nicole M
Current Estimated Value
$1,282,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$679,000
Interest Rate
3.93%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fong Michael R $1,350,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fong Michael R $826,550
Closed Fong Michael R $567,000
Previous Owner Fong Michael R $679,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2018 01/24/18 Sold $1,350,000 -3.2% $1,016 / Sq Ft
11/11/2017 11/11/17 Pending -- -- --
11/02/2017 11/02/17 For Sale $1,395,000 +3.3% $1,050 / Sq Ft
10/31/2017 10/31/17 Off Market $1,350,000 -- --
10/05/2017 10/05/17 Price Changed $1,395,000 -7.0% $1,050 / Sq Ft
08/21/2017 08/21/17 For Sale $1,500,000 -- $1,129 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,761 $1,536,065 $853,369 $682,696
2024 $18,761 $1,505,947 $836,637 $669,310
2023 $18,375 $1,476,420 $820,233 $656,187
2022 $17,508 $1,447,471 $804,150 $643,321
2021 $17,233 $1,419,090 $788,383 $630,707
2019 $16,708 $1,377,000 $765,000 $612,000
2018 $8,299 $643,984 $121,716 $522,268
Source: Public Records

Agents Affiliated with this Home

  • Garrett Frakes

    Seller's Agent in 2018

    Garrett Frakes

    Polaris Pacific

    (415) 505-1077

    9 in this area

    230 Total Sales

    Garrett Frakes
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About TEN50

Map

Source: The MLS

MLS Number: 17-262970

The MLS

APN: 5139-010-167

California Los Angeles County Los Angeles 90015 Downtown LA

1050 S Grand Ave Unit PH3, Los Angeles, CA

This home is located at 1050 S Grand Ave Unit PH3, Los Angeles, CA 90015 since 21 August 2017 and is currently estimated at $1,282,444, approximately $964 per square foot. This property was built in 2016. 1050 S Grand Ave Unit PH3 is a home located in Los Angeles County with nearby schools including Para Los Niños Charter Middle School, John H. Liechty Middle School, and Academic Leadership Community Miguel Contreras Learning Complex.

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