1218 Elden Avenue

Los Angeles, CA 90006

$1,192,000
Last Sold Price
5
Beds
2
Baths
2,748 Sq. Ft.
$434 / Sq. Ft.
2,748
Sq. Ft.
$434
per Sq. Ft.

Description

Development opportunity to build multiple units in an "Opportunity Zone". R31 zoning - TOC Tier 2. 7000 square feet lot. One unit to be delivered vacant. This is the top unit that is 3 bedrooms and 2 baths and is completely updated.Development opportunity to build multiple units in an "Opportunity Zone". R31 zoning - TOC Tier 2. 7000 square feet lot. One unit to be delivered vacant. This is the top unit that is 3 bedrooms and 2 baths and is completely updated.

Listing Agent

  1. Catherine Kamran

    Catherine Kamran

    Listing Agent

    Compass

    DRE #01216928

Property Details for 1218 Elden Avenue

Zoning
LAR3
Style
Bungalow
Parcel Number
5076017004
Total Units
2.0
Living Area
2748
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
50

Location

Listing Courtesy of Compass, Catherine Kamran, DRE #01216928

Sold By Top Elite Realty, Seon Joo Chung, DRE #01450200

Add your commute
LISTING UPDATED: 04/16/2024 11:51 AM

Property Details for 1218 Elden Avenue

StatusSold
MLS #22-138967
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1907
Lot Size0.16 AC / 6,999 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Catherine Kamran, DRE #01216928

Sold By Top Elite Realty, Seon Joo Chung, DRE #01450200

Add your commute

Virtual Tour

Building Information for 1218 Elden Avenue

Stories-Residences-Year Built1907Building Size-Lot Size0.16 AC / 6,999 SF

Payment Calculator

$7,761 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,505

Property Taxes

$1,256

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1218 Elden Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 2
  • Security Features: Smoke Detector, Gated, Carbon Monoxide Detector(s)
  • Property Condition: Additions/Alter, Updated/Remodeled
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control, Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $78,000
  • Net Operating Income: $59,500.00
  • Gross Income: $78,000
  • Gross Rent Multiplier: $21.00
  • Owner Pays: Gardener
  • Total Annual Expense: 18500
  • Tax Expense: $14,400
  • Gardener Expense: $1,200
  • Insurance Expense: $1,400
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1607
  • Lot Size Square Feet: 6999
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 2
  • Covered Parking: 2
  • Parking Features: Driveway, Garage - Two Door
Interior Features
Interior Features
  • Cooling Type: Ceiling Fan
  • Heating Type: Other
  • Equipment: Ceiling Fan, Washer, Dryer
  • Interior Features: Ceiling Fan(s)
  • Cooking Appliances: Cooktop - Gas, Oven
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-20-2022
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $145,045.00
  • Assessed Improvement Percent: 29.41
  • Assessed Land Value: $348,117.00
  • Assessed Land Percent: 70.59
  • Assessed Total Value: $493,162.00

Property History for 1218 Elden Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1218 Elden Avenue

Taxable ValueLand$612,000Additions$603,840Total$1,215,840
Tax Record2023$15,076 ($1,256 / month)
Home Facts
Total Finished SqFt2,748 SqFtAbove Grade Finished SqFt2,748 SqFtLot Size6,999 SqFtStyleDuplexYear Built1907ZoningLAR3CountyLOS ANGELESAPN5076-017-004

Schools near 1218 Elden Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Leo Politi Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Catherine Kamran, DRE #01216928

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.