1 month on rocket

2620 Idell St, Los Angeles, CA, 90065

$975,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

2620 Idell St, Los Angeles$975,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
Garage4 spaces
Year Built1917
MLS #SB24046189
Lot Size0.16 Acres
StatusActive

About 2620 Idell St

Lyon Stahl is pleased to present 2620 Idell Street, a value-add, 4-unit investment located in an Opportunity Zone within the Cypress Park neighborhood of Los Angeles. Situated on an oversized 7,080 SF lot, 2620 Idell Street is a 2,208 SF apartment building comprised of four one-bedroom/one-bathroom units with below market rents. Zoned LARD1.5 and located within a TOC Tier 3 zone, the large lot is underutilized and presents an opportunity to add additional units in the rear of the property. This property is ideally located near the entrance to both the 110 Freeway and the 5 Freeway, giving tenants quick access to all Greater Los Angeles. The central location in Cypress Park allows tenants to easily enjoy many of the main attractions of Los Angeles such as Dodger Stadium, Downtown Los Angeles, Echo Park, the University of Southern California, and the Westside of Los Angeles. 2620 Idell Street offers an amazing opportunity for an astute investor or owner-user to implement a value-add program to capture the rental upside. Additionally, being within an Opportunity Zone and a TOC Tier 3 zone of Los Angeles, 2620 Idell Street offers an investor the ability to build additional units and take advantage of the Opportunity Zone tax advantages and TOC density bonuses. Located in one of the most up-and-coming neighborhoods of Los Angeles with incredibly low inventory available, 2620 Idell Street is positioned well to capture the long-term appreciation and transformation that is underway in the neighborhood.

Property Details

Property Features

Property Information:

  • Year Built: 1917
  • Stories: 2

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (909) 618-2352
  • Listing Agent: Lorraine Tan

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot: Landscaped
  • Lot Size: 0.16 Acres

School Info

Assigned Schools Information:

  • Abraham Lincoln Senior High School, Public Magnet Grades 9-12
  • Woodrow Wilson Senior High School, Public Magnet Grades 9-12
  • Benjamin Franklin Senior High School, Public Magnet Grades 9-12
  • Florence Nightingale Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Loreto Street Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: Located off of Idell and W Avenue 26

Price Information

Listing Price Info

Price Summary:

  • List Price: $975,000

Tax Information:

  • Annual Amount: $8,091
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

2620 Idell St vs Los Angeles

56 DAYS ON ROCKET

+22 Days

$975,000

-$11.4K Less

KEY TAKEAWAY

This property is $11.4K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24046189

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (909) 618-2352
  • Listing Agent: Lorraine Tan

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 10:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 23, 2004Home Sold
$480,000
Sep 09, 2003Home Sold
$320,000
May 31, 2002Home Sold
$200,000
Jan 14, 2002Home Sold
$159,500
May 16, 2000Home Sold
$223,000
Mar 09, 1998Home Sold
$230,000
Mar 09, 1998Home Sold
$125,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,091$618,112
2020$7,863$611,775
2019$7,758$599,781
2018$7,552$588,021
2017$7,552$576,492

History based on county public records data.

Payment Calculator

$4,934

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,990

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4419024
4
/10

  • Loreto Street Elementary School

  • 3408 Arroyo Seco Ave

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-4419025
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 6.95 miles

  • Public Magnet Grades KG-6

school-card-donut-4419026
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 25.10 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-4419027
4
/10

  • Florence Nightingale Middle School

  • 3311 N Figueroa St

  • 0.29 miles

  • Public District Grades 6-8

school-card-donut-4419028
4
/10

  • Studio

  • 2211 W Avenue 30

  • 1.45 miles

  • Public District Grades 6-8

High School

school-card-donut-4419029
5
/10

  • Abraham Lincoln Senior High School

  • 3501 N Broadway

  • 1.39 miles

  • Public Magnet Grades 9-12

school-card-donut-4419030
4
/10

  • Woodrow Wilson Senior High School

  • 4500 Multnomah St

  • 2.44 miles

  • Public Magnet Grades 9-12

school-card-donut-4419031
5
/10

  • Benjamin Franklin Senior High School

  • 820 N Avenue 54

  • 2.49 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,939. The majority of Los Angeles, CA residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90065›2620 Idell St

This home is located at 2620 Idell St in Los Angeles, CA and zip code 90065 in the Northeast LA neighborhood. This home, which was built in 1917, sits on a 0.16 acre lot. It has been listed on Rocket Homes since March 07, 2024 and is currently priced at $975,000.

In April 2024, from all listings sold in Los Angeles, CA there were more than 701 sold above asking price, over 629 sold below and more than 204 were sold right at the asked price. In April 2024 in Los Angeles, CA there were 14.9% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources