2341 Elmgrove Street

Los Angeles, CA 90031

$720,000
Last Sold Price
4
Beds
2
Baths
1,453 Sq. Ft.
$496 / Sq. Ft.
1,453
Sq. Ft.
$496
per Sq. Ft.

Description

Great Investment opportunity or value add investor or live one unit and have income for 2nd house to support the mortgage payment. The property has the 2 separate houses on one lot. Each house has 2 bedrooms and 1 bath, The houses is in good condition. The garage on the 2nd house was converted to large 3 rd bedroom, (no permitted) Estimate additional 3rd bedroom's living space around 300 SF. Each unit has separate meter, owner only pay for water bills. There are strong upside and value add to the...Great Investment opportunity or value add investor or live one unit and have income for 2nd house to support the mortgage payment. The property has the 2 separate houses on one lot. Each house has 2 bedrooms and 1 bath, The houses is in good condition. The garage on the 2nd house was converted to large 3 rd bedroom, (no permitted) Estimate additional 3rd bedroom's living space around 300 SF. Each unit has separate meter, owner only pay for water bills. There are strong upside and value add to the property. An annual rental income of $43,680 . Click the Virtual Tour to see inside area.
  1. Listed by Somboon Nakorn • DRE #00987926 • Brokerage DRE #00686739 • Keller Williams Glendale

Property Details for 2341 Elmgrove Street

Zoning
LAR1
Cross Streets
Riverside Drive
Parcel Number
5445024019
Total Units
2.0
Living Area
1453
Source Living Area
Assessor
Area
Silver Lake (671)
Vacancy Rate
3.0

Location

Listing Courtesy of Keller Williams Glendale, Somboon Nakorn, DRE #00987926

Sold By Centerpointe Real Estate, Jessie Leal, DRE #01309113

Add your commute
LISTING UPDATED: 12/06/2020 03:59 PM

Property Details for 2341 Elmgrove Street

StatusSold
MLS #20-566074
Days on Market151
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.12 AC / 5,102 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Glendale, Somboon Nakorn, DRE #00987926

Sold By Centerpointe Real Estate, Jessie Leal, DRE #01309113

Add your commute

Virtual Tour

Building Information for 2341 Elmgrove Street

Stories1Residences-Year Built1924Building Size-Lot Size0.12 AC / 5,102 SF

Payment Calculator

$4,700 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,929

Property Taxes

$771

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2341 Elmgrove Street

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: 2
  • Security Features: Gated
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $42,370
  • Net Operating Income: $29,506.00
  • Gross Income: $43,680
  • Gross Rent Multiplier: $16.94
  • Actual Annual Gross Rent: $43,680.00
  • Actual Gross Annual Income: $43,680
  • Actual Rent Total: $43,680.00
  • Financial Info as Of: 06/01/2020
  • Lease Per Month Year: Month
  • Owner Pays: Water
  • Total Annual Expense: 12248
  • Water Expense: $1,500.00
  • Tax Expense: $9,248
  • Expense Licenses: $300.00
  • Insurance Expense: $1,200
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Size Square Feet: 5102
  • Lot Size Dimensions: 50X127
  • Source Lot Size Dimensions: Assessor
  • Lot Location: Flats
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Parking Space
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Parking Space
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Interior Features: Detached/No Common Walls
  • Common Walls: Detached/No Common Walls
  • Laundry: Laundry Area
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Entry Location: Ground Level w/steps
  • Exterior Construction: Hard Coat
  • Construction MVO: Frame and Stucco
  • Other Structures: Accessory Dwelling Unit
Lease Terms
Lease Terms
  • Entry Date: 03-22-2020
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,820.00
  • Unit Actual Rent: $21,840.00
  • Unit Projected Rent: $25,440.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,820.00
  • Unit Actual Rent: $21,840.00
  • Unit Projected Rent: $42,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $108,225.00
  • Assessed Land Value: $270,564.00

Property History for 2341 Elmgrove Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2341 Elmgrove Street

Taxable ValueLand$353,736Additions$395,352Total$749,088
Tax Record2023$9,257 ($771 / month)
Home Facts
Total Finished SqFt1,453 SqFtAbove Grade Finished SqFt1,453 SqFtLot Size5,102 SqFtStyleDuplexYear Built1924ZoningLAR1CountyLOS ANGELESAPN5445-024-019

Schools near 2341 Elmgrove Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Dorris Place Elementary School
PublicK to 6

John Marshall Senior High School
Public9 to 12

Equitas Academy #3
CharterK to 4

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 Keller Williams Glendale, Somboon Nakorn, DRE #00987926

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.