3 months on rocket

1215 Elden Ave, Los Angeles, CA, 90006

$1,850,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
12 Baths
5,758 SqFt
$321/SqFt
House

Location

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1215 Elden Ave, Los Angeles$1,850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingConcrete, One Space
Year Built1908
HeatingCentral, Wall Furnace
CoolingCentral Air, Wall/Window Unit(s)
MLS #24436835
Lot Size0.17 Acres
StatusActive

About 1215 Elden Ave

Amazing investment opportunity at 1215 Elden Ave! This multifamily property features 7 units across two well maintained buildings, including a front building with 6 x 1 Bed+1 Bath units and a spacious 6-bed + 6-bath single-family residence in the back. The back single-family home has been extensively rebuilt from the ground up with new engineering design and permits completed in 2017/2018. The front building electrical wiring installed in 2015, and 4 out of the 6 units have been beautifully remodeled in 2017/2018. With a gross operating income of approximately $164K and a NOI of $111K, this property offers a solid 5.7% CAP rate and 11.9 GRM, showcasing strong income potential with significant upside and value-add opportunities. Situated in the prime Koreatown area, residents will enjoy a vibrant neighborhood filled with trendy restaurants, nightlife, and easy access to public transportation.

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1908
  • Stories: 2
  • Living Area: 5,758 SqFt

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Kevin Danialifar

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Refrigerator, Dryer, Washer
  • Flooring Type: Laminate, Tile

Bedroom and Bathroom Information:

  • Total Bedroom Count: 12

Exterior Features

Parking Information:

  • Parking: Concrete, One Space

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central, Wall Furnace
  • Cooling: Central Air, Wall/Window Unit(s)

Other

Directions Information:

  • Directions: N. Of Olympic and E. of Hoover

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,850,000
  • Price Per SqFt: $321/SqFt

Tax Information:

  • Annual Amount: $13,415
  • 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

38

# of Sold Homes

1346

1215 Elden Ave vs Los Angeles

98 DAYS ON ROCKET

+60 Days

$1,850,000

+$828.4K More

$321/SqFt

-$319 Less

KEY TAKEAWAY

This property is $828.4K more than the Median Sold Price and $319/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: #24436835

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Kevin Danialifar

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: 12/18/2024, 5:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 08, 2007Home Sold
$820,000
Mar 31, 1992Home Sold
$290,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,415$1,046,045
2020$13,035$1,034,766
2019$12,430$1,014,477
2018$12,132$957,386
2017$12,132$938,615

History based on county public records data.

Payment Calculator

$9,301

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,613

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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-4407363
2
/10

  • Politi Elementary School

  • 2481 W 11th St

  • 0.18 miles

  • Public District Grades KG-5

school-card-donut-4407364
4
/10

  • Magnolia Avenue Elementary School

  • 1626 Orchard Ave

  • 0.35 miles

  • Public District Grades PK-5

school-card-donut-4407365
7
/10

  • Hoover Street Elementary

  • 2726 Francis Ave

  • 0.57 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,318. Most Los Angeles, CA residents have annual incomes less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1215 Elden Ave

What is the listing price of this property?

The listing price of 1215 Elden Ave property is $1,850,000.

What type of property is this?

The property 1215 Elden Ave is a house located in Los Angeles, California, 90006.

Is this property for sale now?

Active Listing: 1215 Elden 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 $13,415 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 8, 2007 for $820,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1215 Elden Ave has 12 bedrooms and 12 bathrooms.

What is the square footage of this property?

The property 1215 Elden Ave is 5,758 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1215 Elden Ave is 1908.

Rocket Homes›California›Los Angeles County›Los Angeles›90006›1215 Elden Ave

This home is located at 1215 Elden Ave in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 5,758 square foot home, which was built in 1908, sits on a 0.17 acre lot. Features: 12 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $1,850,000.

While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.

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

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