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4848 Elmwood Ave, Los Angeles, CA 90004
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4848 Elmwood Ave Los Angeles, CA 90004

$1,420,000 Sold Price as of 09/24/2021
  • 9 Beds
  • 6 Baths
  • 4,996 Sq.Ft.
Sold
$1,420,000 Sold Price as of 09/24/2021 Refinance Your Mortgage
Map preview of 4848 Elmwood Ave, Los Angeles, CA 90004

Property Overview: 4848 Elmwood Ave Los Angeles, CA has 9 bedrooms, 6 bathrooms, 4,996 living square feet and 7,256 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located adjacent to Hancock Park and Koreatown, this Mid 50s classic style 6 unit building offers carport for 6 cars with storage, and an onsite laundry room. Great unit mix with 3 one bedroom and 3 two bedroom units offers a tremendous future upside in rents. Close proximity to DTLA, Hollywood, Larchmont Village, Paramount Studios, Raleigh Studios, great shops, restaurants and entertainment. Elmwood and the surrounding streets is currently experiencing a surge in development of similar lots. Tenants are unaware of the sale. Do not walk on the property or speak with tenants.

Listed by Stephen Hampar | BRE #01357849 | Hampar Properties
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
7,256
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21748514
City
Los Angeles
County
Los Angeles
Time on Site
1068 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,272
  • Total Rent: $1,272
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $912
  • Total Rent: $912
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $692
  • Total Rent: $692
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,305
  • Total Rent: $1,305
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $829
  • Total Rent: $829
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,218
  • Total Rent: $1,218
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 20
  • Gross Scheduled Income: --
  • Net Operating Income: $3,610
  • Gross Operating Income: $6,228
  • Laundry Income: $200
  • Other Income 1: $6,600
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $1,475
  • Trash: $100
  • Insurance: $333
  • Water/Sewer: $300

Property Details for 4848 Elmwood Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Detached Carport, Built-In Storage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 6
  • Parcel Number: 5522030022
  • Architectural Style: Mid Century Modern
Location / Neighborhood
Location Information
  • Directions: West of Western Ave, North of Beverly Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 4848 Elmwood Ave

Last sold for $1,420,000 on September 24th, 2021

  • June, 2021

  • Jun 30, 2021

    Date

    Active Under Contract

    CRMLS: 21748514

    $1,495,000

    Price

  • Jun 14, 2021

    Date

    Active

    CRMLS: 21748514

    $1,495,000

    Price

  • July, 1994

  • Jul 28, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4848 Elmwood Ave

Assessed Value (2020): $164,924
Year Land Value Improved Value Assessed Value
2020 $60,947 $103,977 $164,924

Home Value Compared to the Market

This property vs the competition

4848 Elmwood Ave sold on September 24, 2021 for 25.63% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $299.24 per/sqft which puts the price per square foot 60.37% lower than the current median sale per square foot for the city of Los Angeles.

About 4848 Elmwood Ave

Detailed summary of property

4848 Elmwood Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 9 bedrooms, 6 bathrooms, roughly 4,996 living square feet, and sits on an approximately 7,256 square foot lot. 4848 Elmwood Ave was first listed on ArdentRealEstateGroup.com on June 14, 2021. The homeowner sold the property for $1,420,000. 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 25.63% higher than the current median priced home. Local homes that are currently for sale include 1120 N Van Ness Ave, 947 N Ardmore Ave and 957 N Ardmore Ave. While the average home in Los Angeles, CA is selling in 94 days, 4848 Elmwood Ave has a days on market of 16 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 4848 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 4848 Elmwood Ave

Public county record property details
Beds
10
Baths
6
Year built
1956
Sq. Ft.
4,996
Lot Size
7,256
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
94
APN
5522-030-022

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
61
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%)

Thinking of Selling?

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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.

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