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956 Elden Ave, Los Angeles, CA 90006
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956 Elden Ave Los Angeles, CA 90006

$3,640,000 Sold Price as of 07/16/2021
  • 20 Beds
  • 20 Baths
  • 13,924 Sq.Ft.
Sold
$3,640,000 Sold Price as of 07/16/2021 Refinance Your Mortgage
Map preview of 956 Elden Ave, Los Angeles, CA 90006

Property Overview: 956 Elden Ave Los Angeles, CA has 20 bedrooms, 20 bathrooms, 13,924 living square feet and 10,319 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Opportunity to acquire a 14-unit apartment building located in prime Koreatown, one of the most highly sought after submarkets of Los Angeles. The Property is a well-maintained structure with steady cash flow and significant upside potential. The Property has recently undergone some interior and exterior renovations and features a strong unit mix of spacious units - 8 (1+1)s and 6 (2+2)s. 5 out of the 15 units have been extensively renovated, and one large, unrenovated 1+1 unit will be delivered vacant, allowing an investor to immediately upgrade the unit and capture market rent. Renovated units feature high-end finishes including new stainless steel appliances, stone countertops, laminate and tile flooring, new fixtures, beautifully designed bathrooms, new paint, heat and A/C units among other improvements. Also, renovated units have undergone both electrical and plumbing upgrades. Exterior and building upgrades include new exterior paint, security gate, call box, camera systems and water heater. The property is separately metered for electricity and gas, has an on-site laundry room, and 19 parking spaces. Tenants are surrounded by countless amenities including restaurants, bars, shopping, entertainment venues, and local transportation. 956 Elden is a rare opportunity to acquire a well-maintained asset with significant upside potential.

Listed by Janet Neman | BRE #01069127 | Kidder Mathews of California, Inc.
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 60

Home details

Lot Sq. Ft
10,319
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21700734
City
Los Angeles
County
Los Angeles
Time on Site
1171 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,481
  • Total Rent: $11,851
  • Pro Forma/Market Rent: $16,200
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,724
  • Total Rent: $10,346
  • Pro Forma/Market Rent: $15,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.55
  • Gross Scheduled Income: --
  • Net Operating Income: $168,341
  • Gross Operating Income: $260,076
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 956 Elden Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 14
  • Parcel Number: 5076004018
Location / Neighborhood
Location Information
  • Directions: South of Wilshire Blvd, North of W Olympic Blvd, West of S Hoover and East of S Vermont Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 956 Elden Ave

Last sold for $3,640,000 on July 16th, 2021

  • July, 2021

  • Jul 20, 2021

    Date

    Sold

    CRMLS: 21700734

    $3,640,000

    Price

  • May 12, 2021

    Date

    Active Under Contract

    CRMLS: 21700734

    $3,900,000

    Price

  • Apr 6, 2021

    Date

    Price Change

    CRMLS: 21700734

    $3,900,000

    Price

  • Mar 4, 2021

    Date

    Active

    CRMLS: 21700734

    $4,165,000

    Price

  • July, 2021

  • Jul 10, 2021

    Date

    Leased

    CRMLS: 21721112

    $1,795

    Price

  • Jun 11, 2021

    Date

    Price Change

    CRMLS: 21721112

    $1,795

    Price

  • Jun 9, 2021

    Date

    Active

    CRMLS: 21721112

    $2,000

    Price

  • Jun 9, 2021

    Date

    Leased

    CRMLS: 21721112

    $1,795

    Price

  • May 21, 2021

    Date

    Price Change

    CRMLS: 21721112

    $2,000

    Price

  • May 16, 2021

    Date

    Active

    CRMLS: 21721112

    $1,795

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled 1 bed 1 bath located right between Koreatown and Downtown. You don't want to miss that spacious one bedroom unit. Planted right in between the 10, 101 and the 110 you have LA at your fingertips. 2 weeks free upon signed 1 year lease!

  • July, 2021

  • Jul 1, 2021

    Date

    Expired

    CRMLS: 21736638

    $2,500

    Price

  • May 26, 2021

    Date

    Active

    CRMLS: 21736638

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled 2 bed 2 bath located right between Koreatown and Downtown. You don't want to miss that spacious two bedroom unit. Planted right in between the 10, 101 and the 110 you have LA at your fingertips. 2 weeks free upon signed 1 year lease!

  • May, 2021

  • May 17, 2021

    Date

    Leased

    CRMLS: 21696514

    $1,800

    Price

  • Apr 1, 2021

    Date

    Price Change

    CRMLS: 21696514

    $1,650

    Price

  • Feb 23, 2021

    Date

    Active

    CRMLS: 21696514

    $1,795

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled 1 bed 1 bath located right between Koreatown and Downtown. You don't want to miss that spacious one bedroom unit. With windows placed around the living room, kitchen and bedroom, there is no shortage of natural light throughout. Planted right in between the 10, 101 and the 110 you have LA at your fingertips. 2 weeks free upon signed 1 year lease!

  • August, 2020

  • Aug 6, 2020

    Date

    Leased

    CRMLS: 20602220

    $2,400

    Price

  • Jul 27, 2020

    Date

    Pending

    CRMLS: 20602220

    $2,400

    Price

  • Jul 10, 2020

    Date

    Active

    CRMLS: 20602220

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 956 Elden Avenue! Located right between Koreatown and Downtown, you are closest to great restaurants, specialized markets, Breakroom 86, and much more. This expansive ground floor corner unit provides ample indoor and outdoor space. With windows placed around the living room, kitchen and bedrooms, there is no shortage of natural light throughout. This 2 bedroom and 2 full bath apartment has upgraded kitchen appliances including: microwave, dishwasher, and gas oven range. The generously spaced bedrooms are both equipped with large closets and built-in storage. Enjoy the conveniences of gated on-site parking, and on-site washer/dryer. Take advantage of this rare 2 bedroom while it's still available!

  • June, 2020

  • Jun 23, 2020

    Date

    Leased

    CRMLS: 20560952

    $1,650

    Price

  • Jun 6, 2020

    Date

    Pending

    CRMLS: 20560952

    $1,750

    Price

  • Mar 6, 2020

    Date

    Active

    CRMLS: 20560952

    $1,750

    Price

  • Listing provided courtesy of CRMLS

    Check out this newly remodeled apartment in the heart of Los Angeles! This well equipped apartment home comes with updated appliances, brand new granite inspired counter tops, newly remodeled bathroom, and a brand new shower/tub for your preference. As you walk through the door you'll be greeted by the very practical and spacious floor plan as light pours in through the double windows in the living room. Central heat, A/C unit, and washer/dryer available on-site for your simple conveniences, including 1 parking spot! One look and you'll find yourself right at home, you'll be hosting friends and family from the breakfast bar, or taking it to one of the many close-by restaurants and Karaoke bars. Find yourself much closer to Downtown LA and USC than you thought, quickly hop on the 10 or 110 to get you where you need to be!

  • October, 2018

  • Oct 6, 2018

    Date

    Sold

    CRMLS: 18351166

    $3,320,000

    Price

  • Jul 17, 2018

    Date

    Active Under Contract

    CRMLS: 18351166

    $3,390,000

    Price

  • Jun 18, 2018

    Date

    Price Change

    CRMLS: 18351166

    $3,390,000

    Price

  • Jun 5, 2018

    Date

    Active

    CRMLS: 18351166

    $3,465,000

    Price

  • Listing provided courtesy of CRMLS

    Well maintained investment building in Heart of K-Town. Very spacious size unit and over 70% of units are remodeled or upgrade inside.Unit #15 (2bed+2bath) current rent $1,420.26.PLEASE DO NOT DISTURB OCCUPANT/TENANT.

  • October, 2018

  • Oct 5, 2018

    Date

    Sold (Public Records)

    Public Records

    $3,320,000

    Price

  • April, 2018

  • Apr 25, 2018

    Date

    Expired

    CRMLS: 16172210

    $3,350,000

    Price

  • Apr 24, 2018

    Date

    Withdrawn

    CRMLS: 16172210

    $3,350,000

    Price

  • Mar 15, 2017

    Date

    Active Under Contract

    CRMLS: 16172210

    $3,350,000

    Price

  • Jan 9, 2017

    Date

    Price Change

    CRMLS: 16172210

    $3,350,000

    Price

  • Dec 26, 2016

    Date

    Active

    CRMLS: 16172210

    $3,370,000

    Price

  • Dec 16, 2016

    Date

    Hold

    CRMLS: 16172210

    $3,370,000

    Price

  • Dec 15, 2016

    Date

    Canceled

    CRMLS: 16172210

    $3,370,000

    Price

  • Nov 21, 2016

    Date

    Price Change

    CRMLS: 16172210

    $3,370,000

    Price

  • Oct 17, 2016

    Date

    Active

    CRMLS: 16172210

    $3,590,000

    Price

  • Listing provided courtesy of CRMLS

    Well maintained investment apartment building in Heart of K town. About 2/3 of total units are remodeled or upgrade kitchen and/or floor and/or bathroom/bedroom. Very spacious size unit, not comparable size to a newly building small size unit. Low rent to make upside potential. Coin Laundry machines for tenants are leased from leasing company. -- received certain commission. Extra parking spaces & larger size (each unit) comparing to other apt buildings. EASY MAINTENANCE & LOW COST DUE TO NO RESIDENTIAL MANAGER REQUIRED. NO ELEVATOR & POOL.Please drive thru only, and do not contact the tenants without listing agent. Contact a Listing Agent's email address or send the text-message for further information & rent toll. (UNIT #15--2 bed + 2bath current rent $1420,00)

  • July, 2014

  • Jul 1, 2014

    Date

    Sold (Public Records)

    Public Records

    $2,100,021

    Price

Show More

Tax History for 956 Elden Ave

Assessed Value (2020): $3,386,400
Year Land Value Improved Value Assessed Value
2020 $2,550,000 $836,400 $3,386,400

Home Value Compared to the Market

This property vs the competition

956 Elden Ave sold on July 16, 2021 for 227.73% 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 $280.09 per/sqft which puts the price per square foot 62.9% lower than the current median sale per square foot for the city of Los Angeles.

About 956 Elden Ave

Detailed summary of property

956 Elden Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 20 bedrooms, 20 bathrooms, roughly 13,924 living square feet, and sits on an approximately 10,319 square foot lot. 956 Elden Ave was first listed on ArdentRealEstateGroup.com on March 5, 2021. The homeowner sold the property for $3,640,000. 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 227.73% higher than the current median priced home. Local homes that are currently for sale include 2730 Council St, 2610 Kenwood Ave and 1511 S Manhattan Pl. While the average home in Los Angeles, CA is selling in 92 days, 956 Elden Ave has a days on market of 60 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 956 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 956 Elden Ave

Public county record property details
Beds
20
Baths
20
Year built
1963
Sq. Ft.
13,924
Lot Size
10,319
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
112,114
APN
5076-004-018

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.
$602
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
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%)

Thinking of Selling?

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Is this your property?
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.

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