NOT LISTED FOR SALE

1254 Elden Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $886,000 - $1,151,048

5 Beds
2 Baths
2,316 Sq Ft
$433/Sq Ft Est. Value

Sale Details

Date Sold: August 11, 2023

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

Est. 3% increase in value since last sale

Current estimated payment $6,432 / mo

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

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
  • Entry on the 1st floor

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

Year Built

Built in 1899

Lot Details

6,999 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • 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

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
Apr 6, 2023
Closed on
Aug 9, 2023
Sold by
Bought by
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
$1,003,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,512
Avg. Annual Appreciation
1.19%
Original Mortgage
$888,277
Outstanding Balance
$863,176
Interest Rate
6.71%
Mortgage Type
FHA
Estimated Equity
$140,336

Purchase Details

Closed on
Jun 5, 2023
Sold by
Bought by

Purchase Details

Closed on
May 24, 2023
Sold by
Bought by

Purchase Details

Closed on
Mar 14, 2023
Sold by
Bought by

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
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2014
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 2014
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 2004
Sold by
Bought by

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:

--
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

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
-- Provident Title Company
-- Provident Title Company
$970,000 Provident Title Company
$825,000 Stewart Title Of California In
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- Fidelity National Title Ins
-- Fidelity National Title Ins
-- Fidelity National Title Ins
-- Fidelity National Title Ins
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 $888,277
Previous Owner $701,250
Previous Owner $339,500
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
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

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 $12,148 $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) 780-1312

    1 in this area

    27 Total Sales

    Jamie Kim
    Section Image
  • JW Najulee

    Seller Co-Listing Agent in 2023

    JW Najulee

    Lifetime Realty Inc

    (714) 363-3888

    1 in this area

    2 Total Sales

    JW Najulee
    Section Image
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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

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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