NOT LISTED FOR SALE

1254 Elden Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,081,000 - $1,170,202

5 Beds
2 Baths
2,316 Sq Ft
$484/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $970,000 $419 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,196/month

57 Days on Market

About This Home

As of August 2023

An incredible opportunity for an investor to own a duplex in Mid-Wilshire! Zoned LAR3, can build 4plex with an ADU, 8 unit By-right, or Buyer to verify for building up to 14 units with the density bonus. Amazing location just minutes from Downtown LA, USC, LA convention center, Nokia theater, Metro, Wilshire center and so much more. One tenant is currently occupying upstairs unit.

Last Agent to Sell the Property

Jamie Kim

Lifetime Realty Inc License #01823039 Listed on: 04/06/2023

Co-Listed By

JW Najulee

Lifetime Realty Inc License #02099107

Last Buyer's Agent

JW Najulee

Lifetime Realty Inc License #02099107

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,047

Year Built

  • Built in 1899

Lot Details

  • 6,999 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 2,316 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 45
  • Tax Tract Number 1
  • Assessor Parcel Number 5076017011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,300
  • Operating Expense $10,000
  • Gross Income $20,160
  • Net Operating Income $10,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,047

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 499999
  • Property Attached: No
  • Zoning: LAR3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5076017011
  • Year Built: 1899
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 418.83

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6999.00
  • Lot Size Acres: 0.1607

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 20160.00
  • Gross Scheduled Income: 20160.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 6999.0000 Square Feet
  • Net Operating Income: 10160.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 10000.00
  • Rent Control: Yes
  • Total Expenses: 10000.00

Tax Info

  • Tax Census Tract: 2134.02
  • Tax Lot: 45
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
Aug 9, 2023
Sold by
Talwar Gaganpreet
Bought by
Nabi Qadir
Seller's Agent
Jamie Kim
Lifetime Realty Inc
Buyer's Agent
JW Najulee
Lifetime Realty Inc
List Price
$999,998
Sold Price
$970,000
Premium/Discount to List
-$29,998
-3%
Views
85
Current Estimated Value
$1,121,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,301
Avg. Annual Appreciation
7.64%
Original Mortgage
$888,277
Outstanding Balance
$869,414
Interest Rate
6.71%
Mortgage Type
FHA
Estimated Equity
$251,887

Purchase Details

Closed on
Jun 5, 2023
Sold by
Gosain Deepak
Bought by
Sachdeva Nitika

Purchase Details

Closed on
May 24, 2023
Sold by
Jt Investment Group Llc
Bought by
Sachdeva Nitika and Nabi Qadir

Purchase Details

Closed on
Mar 14, 2023
Sold by
Living Trust
Bought by
Jt Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,250
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2014
Sold by
Wales Susan E
Bought by
Freeman Martin and Wales Susan E

Purchase Details

Closed on
Sep 25, 2014
Sold by
Wales Kathleen A
Bought by
Wales Kathleen A and The Living Trust Of Kathleen A Wales

Purchase Details

Closed on
Jan 9, 2009
Sold by
Women Organizing Resources Knowledge Ser
Bought by
The Community Redevelopment Agency Of Th

Purchase Details

Closed on
Jun 8, 2004
Sold by
Wales Kathleen Anna and Wales Susan Elaine
Bought by
Wales Kathleen Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,500
Interest Rate
5.99%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Nabi Qadir -- Provident Title Company
Sachdeva Nitika -- Provident Title Company
Sachdeva Nitika $970,000 Provident Title Company
Jt Investment Group Llc $825,000 Stewart Title Of California In
Freeman Martin -- None Available
Wales Kathleen A -- None Available
Wales Stephen F -- None Available
Wales Kathleen A -- None Available
The Community Redevelopment Agency Of Th -- None Available
Wales Kathleen Anna -- Fidelity National Title Ins
Wales Kathleen Anna -- Fidelity National Title Ins
Wales Kathleen Anna -- Fidelity National Title Ins
Wales Susan Elaine -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nabi Qadir $888,277
Previous Owner Jt Investment Group Llc $701,250
Previous Owner Wales Kathleen A $200,000
Previous Owner Wales Kathleen Anna $339,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2023 08/11/23 Sold $970,000 -3.0% $419 / Sq Ft
06/02/2023 06/02/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $999,998 0.0% $432 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/12/2023 04/12/23 Price Changed $999,998 -90.0% $432 / Sq Ft
04/06/2023 04/06/23 For Sale $10,000,000 -- $4,318 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,047 $989,400 $714,000 $275,400
2024 $12,047 $970,000 $700,000 $270,000
2023 $1,024 $50,835 $35,552 $15,283
2022 $993 $49,839 $34,855 $14,984
2021 $966 $48,863 $34,172 $14,691
2019 $946 $47,415 $33,159 $14,256
2018 $842 $46,486 $32,509 $13,977
2016 $784 $44,683 $31,248 $13,435
2015 $776 $44,013 $30,779 $13,234
2014 $796 $43,152 $30,177 $12,975
Source: Public Records

Agents Affiliated with this Home

  • Jamie Kim

    Seller's Agent in 2023

    Jamie Kim

    Lifetime Realty Inc

    (714) 757-1870

    1 in this area

    33 Total Sales

    Section Image
  • JW Najulee

    Seller Co-Listing Agent in 2023

    JW Najulee

    Lifetime Realty Inc

    (714) 363-3888

    1 in this area

    3 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23051572

California Regional Multiple Listing Service (CRMLS)

APN: 5076-017-011

California Los Angeles County Los Angeles 90006 Pico-Union

1254 Elden Ave, Los Angeles, CA

This home is located at 1254 Elden Ave, Los Angeles, CA 90006 since 06 April 2023 and is currently estimated at $1,121,301, approximately $484 per square foot. This property was built in 1899. 1254 Elden Ave is a home located in Los Angeles County with nearby schools including Leo Politi Elementary, Berendo Middle, and Belmont High School.

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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