NOT LISTED FOR SALE

624 N Grand Ave Los Angeles, CA 90012

Chinatown Neighborhood

Estimated Value: $1,049,000 - $2,334,000

0.06 Acre
$29,063,367 Price per Acre
2,960 Sq Ft Lot

Last Sold March 08, 2017

Last sale price $437,500

Est. 299% increase in value since last sale

Current estimated payment $11,294/month

56 Days on Market

About This Lot

As of March 2017

Fantastic opportunity awaits on this lot near Downtown. Gently sloped from front to rear, the site is zoned for R4 developments with no height restrictions and 3:1 floor area ratio (FAR). PROPERTY COMES WITH PREVIOUS VERSION OF FULLY APPROVED PLANS. At the time of plan approval, property was approved as a duplex which included parking and outside seating area. Parking access available from both Grand and alley side. Ideal location is near the Music Center, Disney Hall, Grand Park, City Hall, Union Station, Chinatown, and Metro stops. It's also in close proximity to the 5, 10, 101, and 110 freeways.

Last Agent to Sell the Property

Sergio Flores

Compass License #01450965 Listed on: 11/10/2016

Compass

Last Buyer's Agent

Karen Kleinberg

Compass License #01957112

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,734

Lot Details

  • 2,960 Sq Ft Lot
  • Property is zoned LAR4

Property Views

  • City Lights Views

Listing and Financial Details

  • Assessor Parcel Number 5407-017-005

Property Details

Property Type

Land

Est. Annual Taxes

$21,734

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City, City Lights, Walk Street
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 5407-017-005
  • Geocode Override: No
  • Lot Size Area: 2960

Rental Info

  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2021
Sold by
The Grand Llc
Bought by
Arzy Hossein and Bahar Sarvenaz
Current Estimated Value
$1,743,802

Purchase Details

Closed on
Jan 6, 2017
Sold by
Caudillo Margaret M
Bought by
The Grand Llc

Purchase Details

Closed on
Aug 7, 2009
Sold by
Caudillo Margaret M
Bought by
Caudillo Margaret M and The Margaret M Caudillo Revocable Trust
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Arzy Hossein $1,675,000 Equity Title Los Angeles
The Grand Llc $437,500 Equity Title
Caudillo Margaret M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Grand Llc $710,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2017 03/08/17 Sold $437,500 +25.0% --
01/05/2017 01/05/17 Pending -- -- --
11/10/2016 11/10/16 For Sale $350,000 -- --
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 $21,734 $1,813,072 $909,242 $903,830
2024 $21,734 $1,777,522 $891,414 $886,108
2023 $21,311 $1,742,670 $873,936 $868,734
2022 $20,083 $1,708,500 $856,800 $851,700
2021 $9,531 $796,539 $469,087 $327,452
2020 $7,048 $573,278 $464,278 $109,000
2019 $5,513 $455,175 $455,175 $0
2018 $5,433 $446,250 $446,250 $0
2016 $485 $33,021 $33,021 $0
2015 $479 $32,525 $32,525 $0
2014 $481 $31,888 $31,888 $0
Source: Public Records

Agents Affiliated with this Home

  • Sergio Flores

    Seller's Agent in 2017

    Sergio Flores

    Compass

    (310) 922-4026

    25 Total Sales

    Sergio Flores
    Section Image

  • K

    Buyer's Agent in 2017

    Karen Kleinberg

    Compass

See All Agents

Map

Source: The MLS

MLS Number: 16-179360

The MLS

APN: 5407-017-005

California Los Angeles County Los Angeles 90012 Chinatown

624 N Grand Ave, Los Angeles, CA

This home is located at 624 N Grand Ave, Los Angeles, CA 90012 since 10 November 2016 and is currently estimated at $1,743,802. 624 N Grand Ave is a home located in Los Angeles County with nearby schools including Castelar Elementary School, Florence Nightingale Middle, and Ramón C. Cortines School of Visual and Performing Arts.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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