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1144 Elden Ave, Los Angeles, CA 90006
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1144 Elden Ave Los Angeles, CA 90006

$3,000,000
  • 18 Beds
  • 12 Baths
  • 9,758 Sq.Ft.
For Sale
$3,000,000 Get Pre-Qualified
Map preview of 1144 Elden Ave, Los Angeles, CA 90006

Property Overview: 1144 Elden Ave Los Angeles, CA has 18 bedrooms, 12 bathrooms, 9,758 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present 1144 Elden, a 12-unit property not subject to LA City rent control. Built in 1986, this property currently allows an annual rent increase of 8.8% (5% plus the Consumer Price Index). Please note, the property is located in an opportunity zone, offering the new owner a potential federal capital gains tax incentive (buyer to verify). Comprised of (6) 2-bdrm. and 1.5-bath units and (6) 1-bdrm. units, these units offer approx. 34% rental upside compared to renovated units in the area. Property amenities include on-grade gated parking and a laundry room. 1144 Elden is offered at $307 per foot, $250,000 per unit, 9.42 market GRM, and 7.19% market CAP. Located just south of Koreatown, near Olympic and Vermont, the property is surrounded by many multifamily and mixed-use projects currently under construction or recently completed. Across the street from the subject property is a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground floor leased by Target).

Listed by Kenny Stevens | BRE #01090251 | Compass
Co-listed by Matthew Hoult | BRE #02112916 | Christie's AKG
Last checked: 2 minutes ago | Last updated: December 23rd, 2023 | Source CRMLS | DOM: 266
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Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
1986
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23293115
City
Los Angeles
County
Los Angeles
Time on Site
290 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $10,805
  • Pro Forma/Market Rent: $14,400
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,474
  • Total Rent: $8,849
  • Pro Forma/Market Rent: $12,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.56%
  • Gross Rent Multiplier: 12.62
  • Gross Scheduled Income: --
  • Net Operating Income: $136,796
  • Gross Operating Income: $231,702
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1144 Elden Ave

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Property Details for 1144 Elden Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage, Community
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Gated, Garage
Lot Information
  • Lot Size Source: Other
Property Information
  • No View
  • View: None
  • Total # of Units: 12
  • Parcel Number: 5076012008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Located two blocks east and two block south of Olympic Blvd. and Vermont Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1144 Elden Ave

View property's historical transactions

  • July, 2023

  • Jul 21, 2023

    Date

    Active

    CRMLS: 23293115

    $3,000,000

    Price

Tax History for 1144 Elden Ave

Assessed Value (2020): $1,008,191
Year Land Value Improved Value Assessed Value
2020 $33,822 $974,369 $1,008,191

Home Value Compared to the Market

This property vs the competition

1144 Elden Ave is listed 142.91% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $307.44 per/sqft which puts the price per square foot 60.28% lower than the median price per square foot for the city of Los Angeles.

About 1144 Elden Ave

Detailed summary of property

1144 Elden Ave is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 18 bedrooms, 12 bathrooms, roughly 9,758 living square feet, and sits on an approximately 7,000 square foot lot. 1144 Elden Ave was first listed on ArdentRealEstateGroup.com on July 21, 2023. The homeowner is currently asking $3,000,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 142.91% higher than the median priced home. Local competing homes currently for sale include 1470 W Adams Blvd, 2330 W 3rd St and 198 S Commonwealth Ave. While the average home in Los Angeles, CA is selling in 94 days, 1144 Elden Ave has a days on market of 266 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1144 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 1144 Elden Ave

Public county record property details
Beds
18
Baths
18
Year built
1986
Sq. Ft.
9,758
Lot Size
7,000
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
32
APN
5076-012-008

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
36
Median Sale to List Price %
98.71%
Avg Days on Market
36
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.

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