Seller's Agent in 2021
Lori Kwan
Wetrust Realty
(626) 502-8178
1 in this area
27 Total Sales
616 N Grand Ave Los Angeles, CA 90012
Chinatown NeighborhoodEstimated Value: $775,000 - $1,124,706
3
Beds
2
Baths
1,627
Sq Ft
$607/Sq Ft
Est. Value
Highlights
- Bamboo Flooring
- High Ceiling
- No HOA
- Bonus Room
- Private Yard
- 3-minute walk to Ord and Yale Street Park
About This Home
As of February 2021Rare find in the Chinatown area, close to DTLA, Union Station and Olvera St! Great potential for investors and rental income, or live in one and rent the other. This duplex has a front unit with 2 bedrooms/1 bath and a back unit with 1 bedroom/1 bath. Features include high ceilings, bamboo floors, tile floors, laminate counters, stainless steel appliances in the front unit, some double paned windows, large pantry, bonus room off the kitchen, updated electrical lines, ABS and copper piping, tankless water heater, separate laundry room, separate storage room, front porch area and 2 enclosed single car garages. Convenient to the 110 and 101 freeways as well as shops and restaurants. Come take a look and don't miss out on this opportunity! ** See video here: https://www.dropbox.com/s/p1bdgh41x61uoa6/616%20N%20Grand.mov?dl=0
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,385
Year Built
- Built in 1954
Lot Details
- 4,933 Sq Ft Lot
- No Common Walls
- Wrought Iron Fence
- Block Wall Fence
- Private Yard
Parking
- 2 Car Attached Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Duplex
- Split Level Home
- Partial Copper Plumbing
Interior Spaces
- 1,627 Sq Ft Home
- High Ceiling
- Living Room
- Bonus Room
- Neighborhood Views
- Laundry Room
Kitchen
- Eat-In Kitchen
- Gas Range
- Laminate Countertops
Flooring
- Bamboo
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Outdoor Features
- Patio
- Front Porch
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 46
- Assessor Parcel Number 5407017057
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 16, 2023
Sold by
Mcalister Benjamin and Firestone Ounchana
Bought by
Mcalister-Firestone Family Trust and Mcalister
Current Estimated Value
Purchase Details
Listed on
Nov 13, 2020
Closed on
Jan 11, 2021
Sold by
Chan Alyce
Bought by
Mcalister Benjamin and Firestone Ounchana
Seller's Agent
Lori Kwan
Wetrust Realty
List Price
$849,900
Sold Price
$790,000
Premium/Discount to List
-$59,900
-7.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%
Original Mortgage
$632,000
Interest Rate
2.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 19, 2005
Sold by
Six Hundred North Grand Llc
Bought by
Chan Alycen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.02%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcalister-Firestone Family Trust | -- | None Listed On Document | |
| Mcalister Benjamin | $790,000 | Western Resources Title | |
| Chan Alycen | $510,000 | Equity Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mcalister Benjamin | $632,000 | |
| Previous Owner | Chan Alycen | $330,867 | |
| Previous Owner | Chan Alycen | $360,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/03/2021 02/03/21 | Sold | $790,000 | -1.3% | $486 / Sq Ft |
| 12/29/2020 12/29/20 | Price Changed | $800,000 | -5.9% | $492 / Sq Ft |
| 12/28/2020 12/28/20 | Pending | -- | -- | -- |
| 11/13/2020 11/13/20 | For Sale | $849,900 | -- | $522 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,385 | $855,119 | $638,634 | $216,485 |
| 2024 | $10,385 | $838,353 | $626,112 | $212,241 |
| 2023 | $10,185 | $821,916 | $613,836 | $208,080 |
| 2022 | $9,707 | $669,880 | $551,671 | $118,209 |
| 2021 | $8,021 | $656,746 | $540,854 | $115,892 |
| 2020 | $8,101 | $650,013 | $535,309 | $114,704 |
| 2019 | $7,783 | $637,268 | $524,813 | $112,455 |
| 2018 | $7,716 | $624,773 | $514,523 | $110,250 |
| 2016 | $7,372 | $600,515 | $494,545 | $105,970 |
| 2015 | $6,259 | $507,000 | $418,000 | $89,000 |
| 2014 | $5,470 | $430,000 | $345,000 | $85,000 |
Source: Public Records
Agents Affiliated with this Home
-
Lori Kwan
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20239366
APN: 5407-017-057
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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