NOT LISTED FOR SALE

1133 Elden Ave Los Angeles, CA 90006

Pico-Union Neighborhood
5 Beds
5 Baths
3,622 Sq Ft
8,354 Sq Ft Lot

Last Sold February 27, 2023

Last sale price $1,445,000 $399 Per Sq Ft

27 Days on Market

About This Home

As of February 2023

I am pleased to offer for sale a five-unit apartment community located at 1133 Elden Avenue. The subject property is located just south of Olympic Boulevard near Koreatown. Situated on an 8,354 square foot parcel, the property is comprised of one single, two one-bedroom units, one two-bedroom unit and one three-bedroom unit. Originally built in 1902, the subject property features large spacious units and on-site laundry. The property has 48% remaining rental upside through unit renovations. The subject property also presents an opportunity for development-minded investors. The 8,354 square foot parcel is zoned LAR4 and Tier 3 Transit Oriented Community (TOC). The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate unit interiors and achieve superior future returns moving forward makes 1133 Elden an excellent acquisition opportunity.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 01/12/2023

Last Buyer's Agent

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 01/12/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1902

Lot Details

  • 8,354 Sq Ft Lot

Interior Spaces

  • 3,622 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 11 Parking Spaces
  • Uncovered Parking

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5076-011-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3622
  • Lot Acreage: 0.1918
  • Probate: No
  • Stories: 2
  • Year Built: 1902
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 414.14

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 11

Lot Info

  • Assessed Improvement Percent: 47.84
  • Assessed Improvement Value: 38320
  • Assessed Land Percent: 52.16
  • Assessed Land Value: 41785
  • Total Assessed Value: 80105
  • Assessor Parcel Number: 5076-011-013
  • Lot Size Area: 8354

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.42
  • Number Of Units: 5
  • Type Of Units: Residential
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2023 02/27/23 Sold $1,445,000 -3.7% $399 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $1,500,000 -- $414 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,697 $1,503,378 $1,040,400 $462,978
2024 $18,697 $1,473,900 $1,020,000 $453,900
2023 $1,999 $81,706 $42,620 $39,086
2022 $1,949 $80,105 $41,785 $38,320
2021 $1,908 $78,535 $40,966 $37,569
2019 $1,887 $76,626 $39,751 $36,875
2018 $1,746 $75,133 $38,972 $36,161
2017 $1,681 $73,249 $38,208 $35,041
2016 $1,609 $71,813 $37,459 $34,354
2015 $1,596 $70,735 $36,897 $33,838
2014 $1,639 $69,351 $36,175 $33,176
Source: Public Records

Agents Affiliated with this Home

  • Sean Rosenzweig

    Seller's Agent in 2023

    Sean Rosenzweig

    Marcus & Millichap

    (213) 943-1800

    5 in this area

    69 Total Sales

    Sean Rosenzweig
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Map

Source: The MLS

MLS Number: 23-232039

The MLS
California Los Angeles County Los Angeles 90006 Pico-Union

1133 Elden Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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