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4748 Elmwood Ave Los Angeles, CA 90004

$1,342,000 Sold Price as of 09/24/2020

5 Beds
16 Baths
-- Sq.Ft.

Sold

$1,342,000 Sold Price as of 09/24/2020 Refinance Your Mortgage

Map preview of 4748 Elmwood Ave, Los Angeles, CA 90004

Property Overview: 4748 Elmwood Ave Los Angeles, CA has 5 bedrooms, 16 bathrooms, -- living square feet and 7,253 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: INVESTMENT Property. Developers dream property. Excellent Location, four unit apartment zoning LAR3 (Per public record) and "possibility of 18 unit development. An incredible opportunity for an investor or an owner occupied with 3 more units rental income. Attached to the front house is a single unit with its own kitchen and 3 Bedroom 2 full bathroom. Back of the building are Two more units, one unit is 1 Bedroom with 1 bathroom and one unit is a Bachelor. Buyer to conduct their own due diligence on all aspects of the property including zoning, square footage, permits and condition.

Listed by Michael Park | BRE #01889352 | New Star Realty
Co-listed by Jenny Nam | BRE #01008039 | New Star Realty

Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft: 7,253
HOA Dues: $0/mo
Year built: 1934
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20616262
City: Los Angeles
County: Los Angeles
Time on Site: 1220 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $3,000

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,000

Unit Breakdown 3

# of Units: 3
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $800
Total Rent: $800
Pro Forma/Market Rent: $900

Unit Breakdown 4

# of Units: 4
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $800
Total Rent: $800
Pro Forma/Market Rent: $900

Unit Breakdown 5

# of Units: 5
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $800
Total Rent: $800
Pro Forma/Market Rent: $900

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 16.92
Gross Scheduled Income: --
Net Operating Income: $63,400
Gross Operating Income: $80,400

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 4748 Elmwood Ave

Interior Features

Cooling Information

No Cooling
None

Kitchen Information

Has Appliances
Dishwasher, Refrigerator, Gas Oven, Gas Range

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Driveway, Concrete, Parking Space

Property Information

Total # of Units: 4
Parcel Number: 5522031021

Location / Neighborhood

Location Information

Directions: West of Western Ave. & North of Beverly Blvd.

View more facts & features

Local Los Angeles Agent

Sale History for 4748 Elmwood Ave

Last leased for $1,200 on April 17th, 2021

April, 2021
Apr 17, 2021

Date

Leased

CRMLS: 21701308

$1,200

Price
Mar 5, 2021

Date

Active

CRMLS: 21701308

$1,300

Price
Listing provided courtesy of CRMLS

Remodeled and New painted overall, Prime location to raze current 4-unit structure available Studio, 1 bathroom, good size kitchen

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January, 2021
Jan 11, 2021

Date

Expired

CRMLS: 20659850

$3,200

Price
Nov 15, 2020

Date

Active

CRMLS: 20659850

$3,200

Price
Listing provided courtesy of CRMLS

Newly painted; Prime location! May raze current 4-unit structure and add 3 more units for lease. Currently: Two 2 bed/ 2 bath units & two 1 bed/1 bath units. Front house features 3 bedrooms, 2 bathrooms, Large living room, Dining area, Hardwood floor, Fireplace, open floor plan, good size kitchen, Office, and Laundry room. Property also features inviting front yard and long driveway. Due to COVID-19, showing is appointment only. All agents to provide CAR PEAD form signed by all clients prior to entering the property. Face masks, shoe coverings, and gloves are required. Use hand sanitizer and avoid touching surfaces or items in the property. Do not enter with fever, cough, or any sickness.

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December, 2020
Dec 29, 2020

Date

Expired

CRMLS: 20597692

$1,450,000

Price
Aug 3, 2020

Date

Withdrawn

CRMLS: 20597692

$1,450,000

Price
Jul 2, 2020

Date

Active

CRMLS: 20597692

$1,450,000

Price
Listing provided courtesy of CRMLS

INVESTMENT Property. Developers dream property. Excellent Location, four unit apartment zoning LAR3 (Per public record) and "possibility of 18 unit development. An incredible opportunity for an investor or an owner occupied with 3 more units rental income. Attached to the front house is a single unit with its own kitchen and a full bathroom. Back of the building are Two more units, one unit is 1 Bedroom with 1 bathroom and one unit is a Bachelor. Buyer to conduct their own due diligence on all aspects of the property including zoning, square footage, permits and condition.

Continue Reading
September, 2020
Sep 29, 2020

Date

Sold

CRMLS: 20616262

$1,342,000

Price
Aug 12, 2020

Date

Active Under Contract

CRMLS: 20616262

$1,360,000

Price
Aug 11, 2020

Date

Active

CRMLS: 20616262

$1,360,000

Price
Aug 11, 2020

Date

Coming Soon

CRMLS: 20616262

$1,360,000

Price
September, 2020
Sep 24, 2020

Date

Sold (Public Records)

Public Records

$1,342,000

Price
October, 2017
Oct 5, 2017

Date

Sold

CRMLS: CV17017641

$1,270,000

Price
Aug 1, 2017

Date

Pending

CRMLS: CV17017641

$1,350,000

Price
Apr 12, 2017

Date

Price Change

CRMLS: CV17017641

$1,350,000

Price
Apr 12, 2017

Date

Price Change

CRMLS: CV17017641

$1,450,000

Price
Apr 12, 2017

Date

Price Change

CRMLS: CV17017641

$1,350,000

Price
Apr 12, 2017

Date

Price Change

CRMLS: CV17017641

$1,000,000

Price
Mar 24, 2017

Date

Price Change

CRMLS: CV17017641

$1,450,000

Price
Mar 20, 2017

Date

Price Change

CRMLS: CV17017641

$1,550,000

Price
Jan 28, 2017

Date

Active

CRMLS: CV17017641

$1,650,000

Price
Jan 27, 2017

Date

Hold

CRMLS: CV17017641

$1,650,000

Price
Jan 27, 2017

Date

Active

CRMLS: CV17017641

$1,650,000

Price
Listing provided courtesy of CRMLS

Rare Opportunity! This is a beautiful 4 unit building. Property is zoned R-3. and "possibility of 12 unit development as shown picture." There is an open parking area in the back of the building. This is a great opportunity for an investor looking for a steady rental property with high demand! Buyer to conduct their own due diligence on all aspects of the property including zoning, square footage, permits, condition, and financials.

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September, 2017
Sep 21, 2017

Date

Sold (Public Records)

Public Records

$1,270,000

Price
July, 2016
Jul 3, 2016

Date

Price Change

CRMLS: OC16143925

$1,075,000

Price
Listing provided courtesy of CRMLS

INVESTMENT Property. Developers’ dream property. Excellent Location, four unit apartment zoning LAR3 (Per public record). An incredible opportunity for an investor or an owner occupied with 3 more units rental income. Front house features 3 bedrooms, 2 bathrooms, Large living room, Dining area, Fireplace, open floor plan, good size kitchen with Breakfast bar, Office area and Laundry room. Attached to the front house is a single unit with its own kitchen and a full bathroom. Back of the building are Two more units, one unit is 1 Bedroom with 1 bathroom and one unit is a Bachelor. The property has nice front yard and a long driveway. Desirable location with lots of potential for investor. Shown with accepted offer. DRIVE BY ONLY. PLEASE DO NOT DISTURB THE OCCUPANTS OR WALK ONTO PROPERTY !!!

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Tax History for 4748 Elmwood Ave

Assessed Value (2020): $1,321,948

Year	Land Value	Improved Value	Assessed Value
2020	$936,360	$385,588	$1,321,948

Home Value Compared to the Market

This property vs the competition

4748 Elmwood Ave sold on September 24, 2020 for 14.29% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 4748 Elmwood Ave

Detailed summary of property

4748 Elmwood Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 5 bedrooms, 16 bathrooms, roughly -- living square feet, and sits on an approximately 7,253 square foot lot. 4748 Elmwood Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,342,000. 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 14.29% higher than the current median priced home. Local homes that are currently for sale include 1000 N Oxford Ave, 519 N Alexandria Ave and 947 N Ardmore Ave. 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 4748 Elmwood Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4748 Elmwood Ave

Public county record property details

Beds: 7
Baths: 7
Year built: 1934
Sq. Ft.: 2,750
Lot Size: 7,253
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 82
APN: 5522-031-021

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,500,000

Median List Price/Sq.Ft.

$795

Median Sold Price

$1,650,000

Median Sold Price/Sq.Ft.

$873

Total Inventory

Median Sale to List Price %

97.35%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message

(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.