new - 2 days on rocket

1140 S Ditman Ave, Los Angeles, CA, 90023

$550,000

Home List Price

$6,531*

Closing Credit

5 Bedrooms
2 Full Baths
1,433 SqFt
$384/SqFt
House

Location

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1140 S Ditman Ave, Los Angeles$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1922
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #NDP2500032
Lot Size0.12 Acres
StatusActive

About 1140 S Ditman Ave

Discover an outstanding investment opportunity in the heart of East Los Angeles featuring two single-family homes nestled on one expansive lot. This multi-family property presents an immediate rental income stream with a currently tenant-occupied back house, while the vacant front residence is ready for your personal touch or rental strategy. With a combined total of five bedrooms and two bathrooms across both homes, this property offers versatile living arrangements and strong rental potential. The front house presents an ideal canvas for value-add improvements, allowing investors to maximize returns through strategic renovations. Located next to the 5 freeway, residents enjoy convenient access to daily essentials and local attractions. Students benefit from proximity to Esteban E. Torres High School, and commuters appreciate the accessibility to public transportation, including nearby bus stations and the Cal State LA Station. This dual-residence property represents an excellent opportunity for investors seeking to expand their portfolio or homeowners looking to offset their mortgage with rental income. The combination of existing cash flow from the back house and the potential to add value through renovations to the front residence makes this an attractive investment opportunity. Don't miss this chance to own a property with multiple income streams and significant upside potential.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 1
  • Living Area: 1,433 SqFt

Listing Office:

  • Office Name: Swanson Real Estate
  • Office Email: todd@swansonlending.com
  • Listing Agent: Todd Swanson

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Virtual/3D Tour

  • Virtual Tour: 1140 S Ditman Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Exit S Ditman Ave from 5 Freeway. Cross street S Ditman Ave and E Olympic Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $384/SqFt

Tax Information:

  • Annual Amount: $2,896
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

41

# of Sold Homes

1467

1140 S Ditman Ave vs Los Angeles

2 DAYS ON ROCKET

-39 Days

$550,000

-$476.6K Less

$384/SqFt

-$257 Less

KEY TAKEAWAY

This property is $476.6K less than the Median Sold Price and $257/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #NDP2500032

Listing Office:

  • Office Name: Swanson Real Estate
  • Office Email: todd@swansonlending.com
  • Listing Agent: Todd Swanson

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/5/2025, 2:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,896$155,711
2020$2,824$154,116
2019$2,713$151,095
2018$2,667$148,133
2017$2,667$145,230

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-451762
4
/10

  • Eastman Elementary

  • 4112 E Olympic Blvd

  • 0.21 miles

  • Public District Grades KG-5

school-card-donut-451763
5
/10

  • Rowan Avenue Elementary School

  • 600 S Rowan Ave

  • 0.60 miles

  • Public District Grades KG-5

school-card-donut-451764
4
/10

  • Extera Public School No. 2

  • 1015 S Lorena St

  • 0.92 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,607. The majority of Los Angeles, CA residents have income less than $35k annually. Typical family type is married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1140 S Ditman Ave

What is the listing price of this property?

The listing price of 1140 S Ditman Ave property is $550,000.

What type of property is this?

The property 1140 S Ditman Ave is a house located in Los Angeles, California, 90023.

Is this property for sale now?

Active Listing: 1140 S Ditman Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,896 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1140 S Ditman Ave has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1140 S Ditman Ave is 1,433 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1140 S Ditman Ave is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90023›1140 S Ditman Ave

This home is located at 1140 S Ditman Ave in Los Angeles, CA and zip code 90023 in the The Eastside neighborhood. This 1,433 square foot home, which was built in 1922, sits on a 0.12 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 02, 2025 and is currently priced at $550,000.

In December 2024, from all listings sold in Los Angeles, CA there were more than 524 sold above asking price, over 740 sold below and more than 203 were sold right at the asked price. In December 2024 in Los Angeles, CA there were 5.3% less homes for sale than in November 2024. In December 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $1,026,634.

From Rocket Homes Real Estate and based on county public records data.

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