Seller's Agent in 2024
Kenny Stevens
Compass
(424) 284-4453
2 in this area
43 Total Sales
1144 Elden Ave Los Angeles, CA 90006
Pico-Union Neighborhood
18
Beds
15
Baths
9,758
Sq Ft
7,000
Sq Ft Lot
Highlights
- Gated Parking
- Built-In Features
- 14 Car Garage
- Balcony
- Central Heating and Cooling System
- Gated Home
About This Home
As of June 2024We are pleased to present 1144 Elden, a 12-unit property not subject to LA City rent control. Built in 1986, this property currently allows an annual rent increase of 8.8% (5% plus the Consumer Price Index). Please note, the property is located in an opportunity zone, offering the new owner a potential federal capital gains tax incentive (buyer to verify). Comprised of (6) 2-bdrm. and 1.5-bath units and (6) 1-bdrm. units, these units offer approx. 34% rental upside compared to renovated units in the area. Property amenities include on-grade gated parking and a laundry room. 1144 Elden is offered at $307 per foot, $250,000 per unit, 9.42 market GRM, and 7.19% market CAP. Located just south of Koreatown, near Olympic and Vermont, the property is surrounded by many multifamily and mixed-use projects currently under construction or recently completed. Across the street from the subject property is a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground floor leased by Target).
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 7,000 Sq Ft Lot
- West Facing Home
- Gated Home
Interior Spaces
- 9,758 Sq Ft Home
- 3-Story Property
- Built-In Features
- Laundry in Garage
Kitchen
- Oven or Range
- Freezer
Bedrooms and Bathrooms
- 18 Bedrooms
- 15 Bathrooms
Parking
- 14 Car Garage
- Gated Parking
Additional Features
- Balcony
- Central Heating and Cooling System
Community Details
- 12 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 5076-012-008
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/18/2024 06/18/24 | Sold | $2,310,000 | -23.0% | $237 / Sq Ft |
| 07/21/2023 07/21/23 | For Sale | $3,000,000 | -- | $307 / 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 | $39,396 | $2,356,200 | $1,642,200 | $714,000 |
| 2024 | $39,396 | $3,162,000 | $2,142,000 | $1,020,000 |
| 2023 | $14,151 | $1,057,673 | $35,552 | $1,022,121 |
| 2022 | $13,540 | $1,036,935 | $34,855 | $1,002,080 |
| 2021 | $13,325 | $1,016,604 | $34,172 | $982,432 |
| 2019 | $12,953 | $988,463 | $33,159 | $955,304 |
| 2018 | $12,854 | $969,121 | $32,509 | $936,612 |
| 2016 | $12,175 | $929,559 | $31,248 | $898,311 |
| 2015 | $12,010 | $915,597 | $30,779 | $884,818 |
| 2014 | $12,125 | $897,663 | $30,177 | $867,486 |
Source: Public Records
Agents Affiliated with this Home
-
Kenny Stevens
-
Matthew Hoult
Seller Co-Listing Agent in 2024
Matthew Hoult
Christie's International Real Estate SoCal
(310) 867-9822
2 in this area
28 Total Sales
Map
Source: The MLS
MLS Number: 23-293115
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
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