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1133 Elden Ave Los Angeles, CA 90006

$1,445,000 Sold Price as of 02/27/2023

7 Beds
5 Baths
3,622 Sq.Ft.

Sold

$1,445,000 Sold Price as of 02/27/2023 Refinance Your Mortgage

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Map preview of 1133 Elden Ave, Los Angeles, CA 90006

Property Overview: 1133 Elden Ave Los Angeles, CA has 7 bedrooms, 5 bathrooms, 3,622 living square feet and 8,354 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: I am pleased to offer for sale a five-unit apartment community located at 1133 Elden Avenue. The subject property is located just south of Olympic Boulevard near Koreatown. Situated on an 8,354 square foot parcel, the property is comprised of one single, two one-bedroom units, one two-bedroom unit and one three-bedroom unit. Originally built in 1902, the subject property features large spacious units and on-site laundry. The property has 48% remaining rental upside through unit renovations. The subject property also presents an opportunity for development-minded investors. The 8,354 square foot parcel is zoned LAR4 and Tier 3 Transit Oriented Community (TOC). The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate unit interiors and achieve superior future returns moving forward makes 1133 Elden an excellent acquisition opportunity.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap

Last checked: 2 minutes ago | Last updated: March 1st, 2023 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft: 8,354
HOA Dues: $0/mo
Year built: 1902
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 23232039
City: Los Angeles
County: Los Angeles
Time on Site: 478 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,048
Total Rent: $2,048
Pro Forma/Market Rent: $3,200

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,147
Total Rent: $2,295
Pro Forma/Market Rent: $3,700

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,750

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,332
Total Rent: $1,332
Pro Forma/Market Rent: $1,950

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.82%
Gross Rent Multiplier: 17.42
Gross Scheduled Income: --
Net Operating Income: $57,279
Gross Operating Income: $104,517

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1133 Elden Ave

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 11
Has Parking
Parking Features: Uncovered

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 5
Parcel Number: 5076011013
Year Built Source: Assessor

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: North of Pico Blvd, East of Vermont Ave, South of Olympic Blvd.

View more facts & features

Local Los Angeles Agent

Sale History for 1133 Elden Ave

Last sold for $1,445,000 on February 27th, 2023

February, 2023
Feb 27, 2023

Date

Sold

CRMLS: 23232039

$1,445,000

Price
Jan 12, 2023

Date

Active

CRMLS: 23232039

$1,500,000

Price
December, 2012
Dec 27, 2012

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1133 Elden Ave

Assessed Value (2020): $78,150

Year	Land Value	Improved Value	Assessed Value
2020	$40,546	$37,604	$78,150

Home Value Compared to the Market

This property vs the competition

1133 Elden Ave sold on February 27, 2023 for 26.05% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $414.14 per/sqft which puts the price per square foot 45.15% lower than the current median sale per square foot for the city of Los Angeles.

About 1133 Elden Ave

Detailed summary of property

1133 Elden Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 7 bedrooms, 5 bathrooms, roughly 3,622 living square feet, and sits on an approximately 8,354 square foot lot. 1133 Elden Ave was first listed on ArdentRealEstateGroup.com on January 13, 2023. The homeowner sold the property for $1,445,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 26.05% higher than the current median priced home. Local homes that are currently for sale include 1046 Fedora St, 1446 S Burlington Ave and 1126 S Mariposa Ave. While the average home in Los Angeles, CA is selling in 96 days, 1133 Elden Ave has a days on market of 27 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1133 Elden Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1133 Elden Ave

Public county record property details

Beds: 5
Baths: 5
Year built: 1902
Sq. Ft.: 3,622
Lot Size: 8,353
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 17,18
APN: 5076-011-013

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$611

Median Sold Price

$690,000

Median Sold Price/Sq.Ft.

$600

Total Inventory

Median Sale to List Price %

98.71%

Avg Days on Market

Loan Type

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

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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.