2 months on rocket

2620 Idell St, Los Angeles, CA, 90065

$975,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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2620 Idell St, Los Angeles$975,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Garage4 spaces
Year Built1917
MLS #SB24191224
Lot Size0.16 Acres
StatusActive

About 2620 Idell St

2620 Idell Street is a value-add, 4-unit investment located in an Opportunity Zone within the Cypress Park neighborhood of Los Angeles. Situated on an oversized 7,080 SF lot, 2620 Idell Street is a 2,208 SF apartment building comprised of four one-bedroom/one-bathroom units with below market rents. Zoned LARD1.5 and located within a TOC Tier 3 zone, the large lot is underutilized and presents an opportunity to add additional units in the rear of the property. This property is ideally located near the entrance to both the 110 Freeway and the 5 Freeway, giving tenants quick access to all Greater Los Angeles. The central location in Cypress Park allows tenants to easily enjoy many of the main attractions of Los Angeles such as Dodger Stadium, Downtown Los Angeles, Echo Park, the University of Southern California, and the Westside of Los Angeles. 2620 Idell Street offers an amazing opportunity for an astute investor or owner-user to implement a value-add program to capture the rental upside. Additionally, being within an Opportunity Zone and a TOC Tier 3 zone of Los Angeles, 2620 Idell Street offers an investor the ability to build additional units and take advantage of the Opportunity Zone tax advantages and TOC density bonuses. Located in one of the most up-and-coming neighborhoods of Los Angeles with incredibly low inventory available, 2620 Idell Street is positioned well to capture the long-term appreciation and transformation that is underway in the neighborhood.

Property Details

Property Features

Property Information:

  • Year Built: 1917
  • Stories: 2

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (909) 618-2352
  • Listing Agent: Lorraine Tan

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot: Landscaped
  • Lot Size: 0.16 Acres

Other

Directions Information:

  • Directions: Located off of Idell and W Avenue 26

Price Information

Listing Price Info

Price Summary:

  • List Price: $975,000

Tax Information:

  • Annual Amount: $8,091
  • 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

1542

2620 Idell St vs Los Angeles

61 DAYS ON ROCKET

+23 Days

$975,000

-$48.4K Less

KEY TAKEAWAY

This property is $48.4K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24191224

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (909) 618-2352
  • Listing Agent: Lorraine Tan

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: 11/17/2024, 11:20:51 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

Sep 23, 2004Home Sold
$480,000
Sep 09, 2003Home Sold
$320,000
May 31, 2002Home Sold
$200,000
Jan 14, 2002Home Sold
$159,500
May 16, 2000Home Sold
$223,000
Mar 09, 1998Home Sold
$230,000
Mar 09, 1998Home Sold
$125,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,091$618,112
2020$7,863$611,775
2019$7,758$599,781
2018$7,552$588,021
2017$7,552$576,492

History based on county public records data.

Payment Calculator

$4,934

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,990

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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-418420
5
/10

  • Loreto Street Elementary

  • 3408 Arroyo Seco Ave

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-418421
4
/10

  • Aragon Elementary School

  • 1118 Aragon Ave

  • 0.62 miles

  • Public District Grades KG-5

school-card-donut-418422
5
/10

  • Hillside Elementary

  • 120 E Avenue 35

  • 0.65 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 $34,939. Typical income of Los Angeles, CA residents is less than $35k annually. Typical family type 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

Rocket Homes›California›Los Angeles County›Los Angeles›90065›2620 Idell St

This home is located at 2620 Idell St in Los Angeles, CA and zip code 90065 in the Northeast LA neighborhood. This home, which was built in 1917, sits on a 0.16 acre lot. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $975,000.

Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

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

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