Alex Sanchez
eXp Realty of Southern California, Inc.
(562) 261-0539
63 Total Sales
1 in Pico-Union
$1,250,000 Price
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).
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2023
Closed on
Jun 11, 2024
Sold by
Bought by
Seller's Agent
Kenny Stevens
Compass
Buyer's Agent
Kenny Stevens
Compass
List Price
$3,000,000
Sold Price
$2,310,000
Premium/Discount to List
-$690,000
-23%
Views
86
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,390,000
Outstanding Balance
$1,361,926
Interest Rate
7.22%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 26, 2023
Sold by
Bought by
Purchase Details
Closed on
Feb 8, 2019
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Pico-Union, CA
-
Alex Sanchez
-
Nancy Domino
Nancy Domino
Pacific Sterling Properties
(949) 942-8799
45 Total Sales
1 in Pico-Union
$950,000 Price
-
Bong Sung
Bong Sung
Mega Realty
(323) 831-8559
24 Total Sales
2 in Pico-Union
$370K - $975K Price Range
-
Pedro Torres Jr.
Pedro Torres Jr.
First Class Platinum Brokers
(562) 392-3404
121 Total Sales
1 in Pico-Union
$885,000 Price
-
Megan Husri
Megan Husri
Responds QuicklyKeller Williams Studio City
(747) 279-3321
88 Total Sales
1 in Pico-Union
$850,000 Price
-
Mark Lear
Mark Lear
WERE Real Estate Inc
(657) 223-8121
353 Total Sales
1 in Pico-Union
$665,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,310,000 | First American Title Company | ||
| -- | None Listed On Document | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,390,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $345,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $29,584 | $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
Seller's Agent in 2024
Kenny Stevens
Compass
(424) 284-4453
2 in this area
50 Total Sales
-
Matthew Hoult
Seller Co-Listing Agent in 2024
Matthew Hoult
Christie's International Real Estate SoCal
(310) 867-9822
2 in this area
24 Total Sales
Map
Source: The MLS
MLS Number: 23-293115
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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