NOT LISTED FOR SALE

1218 Elden Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,268,000 - $1,410,000

5 Beds
2 Baths
2,748 Sq Ft
$487/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $1,192,000 $434 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,276/month

3 Days on Market

Highlights

  • Bungalow
  • Ceiling Fan
  • Gated Home

About This Home

As of June 2022

Development opportunity to build multiple units in an "Opportunity Zone". R31 zoning - TOC Tier 2. 7000 square feet lot. One unit to be delivered vacant. This is the top unit that is 3 bedrooms and 2 baths and is completely updated.

Last Agent to Sell the Property

Catherine Kamran

Compass License #01216928 Listed on: 05/20/2022

Compass

Last Buyer's Agent

Sunny Chung

Top Elite Realty License #01450200

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907 | Remodeled

Lot Details

  • 6,999 Sq Ft Lot
  • Gated Home

Home Design

  • Bungalow
  • Additions or Alterations

Interior Spaces

  • 2,748 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Driveway

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • The owner pays for gardener
  • Assessor Parcel Number 5076-017-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1907 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2748
  • Lot Acreage: 0.1607
  • Property Condition: Additions/Alter, Updated/Remodeled
  • Year Built: 1907
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Cooktop - Gas, Oven
  • Bedrooms: 5
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Ceiling Fan, Washer, Dryer
  • Price Per S Q F T: 436.68

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan
  • Security: Smoke Detector, Gated, Carbon Monoxide Detector(s)
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 1400.00
  • Maintenance Expense: 1500.00

Lot Info

  • Assessed Improvement Percent: 29.41
  • Assessed Improvement Value: 145045
  • Assessed Land Percent: 70.59
  • Assessed Land Value: 348117
  • Total Assessed Value: 493162
  • Assessor Parcel Number: 5076-017-004
  • Lot Size Area: 6999

Rental Info

  • Owner Pays: Gardener
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 21.00
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: 2

Tax Info

  • Tax Expense: 14400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2022
Sold by
2901 Saint Jude Llc
Bought by
Chung Seon Joo
Current Estimated Value
$1,338,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Outstanding Balance
$764,771
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$574,201

Purchase Details

Closed on
Jun 28, 2011
Sold by
Bank Of America N A
Bought by
Choe Michael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,700
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2008
Sold by
Kang Man Sung
Bought by
Bank Of America Na

Purchase Details

Closed on
Nov 15, 2005
Sold by
Choo Soon Nyo and Choo Cindy Huijun
Bought by
Kang Man Sung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,200
Interest Rate
7.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 14, 2005
Sold by
Park Yong S
Bought by
Choo Sam Su

Purchase Details

Closed on
Mar 15, 1996
Sold by
Nam Sun Eh
Bought by
Park Yong Shil
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chung Seon Joo -- Provident Title
Choe Michael B $425,000 Landsafe Title
Bank Of America Na $424,000 None Available
Kang Man Sung $618,000 Chicago Title Co
Choo Sam Su -- --
Park Yong Shil -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chung Seon Joo $795,000
Previous Owner Choe Michael B $318,700
Previous Owner Kang Man Sung $556,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $1,192,000 -0.7% $434 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $1,200,000 +0.7% $437 / Sq Ft
04/18/2022 04/18/22 Off Market $1,192,000 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $15,368 $1,264,958 $636,724 $628,234
2024 $15,368 $1,240,156 $624,240 $615,916
2023 $15,076 $1,215,840 $612,000 $603,840
2022 $6,354 $503,024 $355,079 $147,945
2021 $6,263 $493,162 $348,117 $145,045
2019 $6,083 $478,537 $337,793 $140,744
2018 $5,922 $469,155 $331,170 $137,985
2016 $5,644 $450,939 $318,311 $132,628
2015 $5,564 $444,166 $313,530 $130,636
2014 $5,595 $435,467 $307,389 $128,078
Source: Public Records

Agents Affiliated with this Home

  • Catherine Kamran

    Seller's Agent in 2022

    Catherine Kamran

    Compass

    (310) 430-5346

    1 in this area

    41 Total Sales

    Catherine Kamran
    Section Image

  • S

    Buyer's Agent in 2022

    Sunny Chung

    Top Elite Realty

    (213) 500-7010

    1 in this area

    2 Total Sales

    Sunny Chung
    Section Image
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Map

Source: The MLS

MLS Number: 22-138967

The MLS

APN: 5076-017-004

California Los Angeles County Los Angeles 90006 Pico-Union

1218 Elden Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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