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2341 Elmgrove St, Los Angeles, CA 90031
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2341 Elmgrove St Los Angeles, CA 90031

$720,000 Sold Price as of 12/04/2020
  • 4 Beds
  • 2 Baths
  • -- Sq.Ft.
Sold
$720,000 Sold Price as of 12/04/2020 Refinance Your Mortgage
Map preview of 2341 Elmgrove St, Los Angeles, CA 90031

Property Overview: 2341 Elmgrove St Los Angeles, CA has 4 bedrooms, 2 bathrooms, -- living square feet and 5,102 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment opportunity or value add investor or live one unit and have income for 2nd house to support the mortgage payment. The property has the 2 separate houses on one lot. Each house has 2 bedrooms and 1 bath, The houses is in good condition. The garage on the 2nd house was converted to large 3 rd bedroom, (no permitted) Estimate additional 3rd bedroom's living space around 300 SF. Each unit has separate meter, owner only pay for water bills. There are strong upside and value add to the property. An annual rental income of $43,680 . Click the Virtual Tour to see inside area.

Listed by Somboon Nakorn | BRE #00987926 | Keller Williams Glendale
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 228

Home details

Lot Sq. Ft
5,102
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20566074
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,820
  • Total Rent: $21,840
  • Pro Forma/Market Rent: $25,440
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,820
  • Total Rent: $21,840
  • Pro Forma/Market Rent: $42,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.94
  • Gross Scheduled Income: --
  • Net Operating Income: $29,506
  • Gross Operating Income: $42,370
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $9,248
  • Insurance: $1,200
  • Water/Sewer: $1,500

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 2341 Elmgrove St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Parking Space
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 5445024019
Location / Neighborhood
Location Information
  • Directions: From Down town Los Angeles, 110 N Harbor Fwy, take exit 26A for interstate 5 N Golden State Fwy, exit Riverside Dr, and turn left continue to Riverside Dr and turn right onto Elmgrove st, the property is on left side.
View more facts & features

Local Los Angeles Agent

Sale History for 2341 Elmgrove St

Last sold for $720,000 on December 4th, 2020

  • December, 2020

  • Dec 6, 2020

    Date

    Sold

    CRMLS: 20566074

    $720,000

    Price

  • Nov 5, 2020

    Date

    Active Under Contract

    CRMLS: 20566074

    $719,000

    Price

  • Nov 4, 2020

    Date

    Hold

    CRMLS: 20566074

    $719,000

    Price

  • Oct 29, 2020

    Date

    Active

    CRMLS: 20566074

    $719,000

    Price

  • Oct 24, 2020

    Date

    Active Under Contract

    CRMLS: 20566074

    $719,000

    Price

  • Aug 10, 2020

    Date

    Price Change

    CRMLS: 20566074

    $719,000

    Price

  • Mar 22, 2020

    Date

    Active

    CRMLS: 20566074

    $739,900

    Price

  • December, 2020

  • Dec 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $720,000

    Price

  • June, 2012

  • Jun 26, 2012

    Date

    Sold (Public Records)

    Public Records

    $350,000

    Price

Show More

Tax History for 2341 Elmgrove St

Assessed Value (2020): $401,970
Year Land Value Improved Value Assessed Value
2020 $287,123 $114,847 $401,970

Home Value Compared to the Market

This property vs the competition

2341 Elmgrove St sold on December 4, 2020 for 39.58% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 2341 Elmgrove St

Detailed summary of property

2341 Elmgrove St is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 4 bedrooms, 2 bathrooms, roughly -- living square feet, and sits on an approximately 5,102 square foot lot. 2341 Elmgrove St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $720,000. 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 39.58% lower than the current median priced home. Local homes that are currently for sale include 2103 Michigan Ave, 2010 Valley St and 459 Forest Ave. While the average home in Los Angeles, CA is selling in 94 days, 2341 Elmgrove St has a days on market of 228 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2341 Elmgrove St Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2341 Elmgrove St

Public county record property details
Beds
4
Baths
2
Year built
1924
Sq. Ft.
1,453
Lot Size
5,101
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5445-024-019

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$899,000
Median List Price/Sq.Ft.
$661
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$638
Total Inventory
36
Median Sale to List Price %
100%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

Thinking of Selling?

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(714) 706-1823

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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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