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1215 Elden Ave, Los Angeles, CA 90006
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1215 Elden Ave Los Angeles, CA 90006

$2,200,000
  • 63 Beds
  • 63 Baths
  • 5,758 Sq.Ft.
For Sale
$2,200,000 Get Pre-Qualified
Map preview of 1215 Elden Ave, Los Angeles, CA 90006

Property Overview: 1215 Elden Ave Los Angeles, CA has 63 bedrooms, 63 bathrooms, 5,758 living square feet and 7,503 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: This 7-unit property is in a GREATE LOCATION in Los Angeles. 7 minutes from the famous LA Coliseum, USC, Downtown LA. Close to major freeways. The first building has all 1 bedroom 1 bath 6 units, and the back building has 6 bedrooms, each with its own bathroom and 9 total parking spaces. The property is located west of Downtown L.A., and the hip neighborhood of Koreatown is one of the most diverse neighborhoods in Los Angeles. Zoning is R4 Multiple Dwelling Zone.

Listed by Jeffrey Park | BRE #01967670 | New Star Realty
Co-listed by Min Chung | BRE #01983360 | New Star Realty
Last checked: 10 minutes ago | Last updated: February 28th, 2024 | Source CRMLS | DOM: 59
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Home details

Lot Sq. Ft
7,503
HOA Dues
$0/mo
Year built
1908
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24358809
City
Los Angeles
County
Los Angeles
Time on Site
72 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $717
  • Total Rent: $717
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $959
  • Total Rent: $959
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,466
  • Total Rent: $1,466
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,466
  • Total Rent: $1,466
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 7
  • # of Units: 7
  • # of Beds: 6
  • # of Baths: 6
  • Furnishing: Unfurnished
  • Actual Rent: $5,776
  • Total Rent: $5,826
  • Pro Forma/Market Rent: $6,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.2%
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: --
  • Net Operating Income: $114,945
  • Gross Operating Income: $13,734
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1215 Elden Ave

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Property Details for 1215 Elden Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace, Central
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 7
  • Parcel Number: 5076018008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Vermont, between Olimpic Blvd and Pico.
View more facts & features

Local Los Angeles Agent

Sale History for 1215 Elden Ave

Last sold for $820,000 on June 8th, 2007

  • February, 2024

  • Feb 20, 2024

    Date

    Active

    CRMLS: 24358809

    $2,200,000

    Price

  • August, 2021

  • Aug 27, 2021

    Date

    Price Change

    CRMLS: 221002593

    $1,980,000

    Price

  • Aug 4, 2021

    Date

    Active

    CRMLS: 221002593

    $2,250,000

    Price

  • Jul 26, 2021

    Date

    Pending

    CRMLS: 221002593

    $2,250,000

    Price

  • Jul 14, 2021

    Date

    Price Change

    CRMLS: 221002593

    $2,250,000

    Price

  • May 15, 2021

    Date

    Active

    CRMLS: 221002593

    $2,499,000

    Price

  • Listing provided courtesy of CRMLS

    5.7% CAP in-place actual. Value-Add Opportunity with Below Market Rents. 7 UNITS PER TITLE featuring 12 income generating units. All 1 bedroom or studio units; and each unit has its own bathroom. 9 total parking spaces (6 assigned parking spaces plus 3 common parking spaces). This is a great investment opportunity featuring a robust net operating income (NOI). Two buildings (Building 1 is a six unit apartment building. Building 2 is a SFR building). High demand and desirable Koreatown Los Angeles. Located west of Downtown L.A. and its financial district and south of Hollywood, the hip neighborhood Koreatown is one of the most diverse neighborhoods in Los Angeles. Encompassing roughly 3 square miles, the area was once the epicenter of Golden Age Hollywood. K-town is also known for having one of the largest concentration of nightclubs and 24-hour businesses and restaurants in the country. Colleges nearby, including UCLA, USC, Southwestern Law School, and Mount St. Mary's College. This is a rare gem in LA. R4 High Medium Residential. Multiple Dwelling Zone. EZ Enterprise Zone.

  • June, 2007

  • Jun 8, 2007

    Date

    Sold (Public Records)

    Public Records

    $820,000

    Price

Show More

Tax History for 1215 Elden Ave

Assessed Value (2020): $1,035,326
Year Land Value Improved Value Assessed Value
2020 $789,941 $245,385 $1,035,326

Home Value Compared to the Market

This property vs the competition

1215 Elden Ave is listed 79.59% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $382.08 per/sqft which puts the price per square foot 50.64% lower than the median price per square foot for the city of Los Angeles.

About 1215 Elden Ave

Detailed summary of property

1215 Elden Ave is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 63 bedrooms, 63 bathrooms, roughly 5,758 living square feet, and sits on an approximately 7,503 square foot lot. 1215 Elden Ave was first listed on ArdentRealEstateGroup.com on February 20, 2024. The homeowner is currently asking $2,200,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 79.59% higher than the median priced home. Local competing homes currently for sale include 837 S Berendo St, 1147 Fedora St and 836 S Catalina St. While the average home in Los Angeles, CA is selling in 96 days, 1215 Elden Ave has a days on market of 59 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 1215 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 1215 Elden Ave

Public county record property details
Beds
--
Baths
9
Year built
1908
Sq. Ft.
5,758
Lot Size
7,500
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9,10
APN
5076-018-008

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.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
32
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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