NOT LISTED FOR SALE

1222 Elden Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,225,000 - $1,543,000

5 Beds
2 Baths
3,264 Sq Ft
$425/Sq Ft Est. Value

Last Sold September 05, 2019

Last sale price $983,000 $301 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $8,291/month

113 Days on Market

About This Home

As of September 2019

INVESTOR'S DELIGHT. Great Rental Duplex in the heart of Mid-Town Los Angeles. High rental demand area with a Cap Rate of approximately 5% based on existing rents. Market Gross rent is $5,850.00 per month. Each Unit is 3 bedrooms and 2 baths, with formal living room and formal dining room. Flexible floor plans (Call agent for details). Total building is 3,264 square feet with a lot size of 6,999 square feet according to County records. GREAT INVESTMENT OPPORTUNITY.

Last Agent to Sell the Property

Claudia Hipolito

Coldwell Banker Realty License #01138517 Listed on: 05/01/2019

Coldwell Banker Realty

Co-Listed By

Linda Bellehumeur

Coldwell Banker Realty License #00786835

Last Buyer's Agent

David Ferrara

eXp Realty of California Inc License #02067191

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 6,999 Sq Ft Lot

Interior Spaces

  • 3,264 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 1 Car Direct Access Garage
  • Driveway

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5076-017-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3264
  • Stories: 2
  • Year Built: 1905
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 290.75

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Detached, Direct Entrance, Driveway, Private
  • Total Parking: 1

Lot Info

  • Assessed Improvement Value: 110163
  • Assessed Land Value: 177510
  • Assessor Parcel Number: 5076-017-005
  • Geocode Override: No
  • Lot Size Area: 6999

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2019
Sold by
Martinez Miguel Angel and Martinez Zoila Esperanza
Bought by
Hwang Thomas Incho and Hwang Young He
Current Estimated Value
$1,385,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 1998
Sold by
Martinez Miguel Angel and Vasquez Zoila Esperanza
Bought by
Martinez Miguel Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,222
Interest Rate
6.88%

Purchase Details

Closed on
Feb 28, 1995
Sold by
Lee Eun Kuk
Bought by
Martinez Miguel Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,068
Interest Rate
8.77%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Hwang Thomas Incho $983,000 Equity Title Los Angeles
Martinez Miguel Angel -- Commonwealth Title
Martinez Miguel Angel $156,000 Southland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hwang Thomas Incho $600,000
Previous Owner Martinez Miguel Angel $158,222
Previous Owner Martinez Miguel Angel $153,068
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2019 09/05/19 Sold $983,000 +3.6% $301 / Sq Ft
08/22/2019 08/22/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $949,000 -- $291 / 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 $13,125 $1,075,049 $984,280 $90,769
2024 $13,125 $1,053,971 $964,981 $88,990
2023 $12,878 $1,033,306 $946,060 $87,246
2022 $12,289 $1,013,046 $927,510 $85,536
2021 $12,126 $993,183 $909,324 $83,859
2019 $3,882 $299,294 $184,681 $114,613
2018 $3,766 $293,426 $181,060 $112,366
2016 $3,570 $282,033 $174,030 $108,003
2015 $3,520 $277,797 $171,416 $106,381
2014 $3,544 $272,357 $168,059 $104,298
Source: Public Records

Agents Affiliated with this Home

  • Claudia Hipolito

    Seller's Agent in 2019

    Claudia Hipolito

    Coldwell Banker Realty

    (323) 906-2425

    31 Total Sales

    Claudia Hipolito
    Section Image

  • L

    Seller Co-Listing Agent in 2019

    Linda Bellehumeur

    Coldwell Banker Realty

  • D

    Buyer's Agent in 2019

    David Ferrara

    eXp Realty of California Inc

    Section Image
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Map

Source: The MLS

MLS Number: 19-460906

The MLS

APN: 5076-017-005

California Los Angeles County Los Angeles 90006 Pico-Union

1222 Elden Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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