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4835 Elmwood Ave, Los Angeles, CA 90004
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4835 Elmwood Ave Los Angeles, CA 90004

$4,100,000
  • 89 Beds
  • 89 Baths
  • 6,870 Sq.Ft.
For Sale
$4,100,000 Get Pre-Qualified
Map preview of 4835 Elmwood Ave, Los Angeles, CA 90004

Property Overview: 4835 Elmwood Ave Los Angeles, CA has 89 bedrooms, 89 bathrooms, 6,870 living square feet and 7,248 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: Location, Location! Bring All Reasonable Offers!! This updated and sharp looking contemporary 9-unit multifamily asset building surpasses all adjacent properties in the highly sought-after area it sits, just minutes from east of Larchmont Village and Hancock Park/Hollywood strip. Big bonus: built in 1993, this property is NOT subject to rent control. Rent fees are extremely under market for this area and product type. With all unit upgrades, a new owner could enjoy a significant increase in income as well as the ability to sell off the units one by one as condominiums since each has its own APN. 4835 Elmwood is a controlled access building with parking and laundry on-site. Each spacious unit boasts hardwood floors, stainless steel appliances, granite counter tops, and a private balcony. Each unit in this apartment comes with 2 assigned parking spaces. This property is marked with smart looks and many conveniences.

Listed by Michael Park | BRE #01889352 | New Star Realty
Last checked: 1 minute ago | Last updated: February 16th, 2024 | Source CRMLS | DOM: 159
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Home details

Lot Sq. Ft
7,248
HOA Dues
$0/mo
Year built
1993
Garage
18 Car
Property Type:
Multi Family
Status
Active
MLS#
23330687
City
Los Angeles
County
Los Angeles
Time on Site
174 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,140
  • Total Rent: $2,140
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,545
  • Total Rent: $2,545
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,585
  • Total Rent: $2,585
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $2,850
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 5
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,475
  • Total Rent: $2,475
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 6
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 7
  • # of Units: 9
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 8
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 9
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,360
  • Total Rent: $2,360
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.62%
  • Gross Rent Multiplier: 15.51
  • Gross Scheduled Income: --
  • Net Operating Income: $189,390
  • Gross Operating Income: $292,464
  • Laundry Income: $300
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $11,400
  • New Taxes: $51,250
  • Gardener: $1,440
  • Insurance: $4,800
  • Maintenance: $100
  • Water/Sewer: $4,680

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Property Details for 4835 Elmwood Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, In Garage
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Gas Cooktop, Gas Range, Gas Oven
Interior Features
  • Levels: Two
  • Window Features: Double Pane Windows, Blinds
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 18
  • # of Parking Spaces: 18
  • Has Parking
  • Parking Features: Auto Driveway Gate
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • Total # of Units: 9
  • Parcel Number: UNAVAILABLE
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Beverly Blvd, East of Wilton
View more facts & features

Local Los Angeles Agent

Sale History for 4835 Elmwood Ave

View property's historical transactions

  • November, 2023

  • Nov 9, 2023

    Date

    Active

    CRMLS: 23330687

    $4,100,000

    Price

Tax History for 4835 Elmwood Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

4835 Elmwood Ave is listed 234.69% 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 $596.8 per/sqft which puts the price per square foot 22.89% lower than the median price per square foot for the city of Los Angeles.

About 4835 Elmwood Ave

Detailed summary of property

4835 Elmwood Ave is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 89 bedrooms, 89 bathrooms, roughly 6,870 living square feet, and sits on an approximately 7,248 square foot lot. 4835 Elmwood Ave was first listed on ArdentRealEstateGroup.com on November 10, 2023. The homeowner is currently asking $4,100,000. 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 234.69% higher than the median priced home. Local competing homes currently for sale include 514 S Mariposa Ave, 1400 N. Hobart Blvd and 730 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 96 days, 4835 Elmwood Ave has a days on market of 159 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 4835 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 4835 Elmwood Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
64
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), 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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