$10,000 Closing Credit¹
ALONSO CALDERON, Listing Office: NORTHSTAR R. E. GROUP, INC.
#SB24191224·
Listing Office: Lyon Stahl Investment Real Estate, Inc.·
Listing Agent: Lorraine Tan·
Listing Office Phone: 909-618-2352
$10,000
closing credit¹
2620 Idell St Los Angeles, CA 90065
$915,000 List price
$10,000
Closing credit¹
0.2 acres
Multi-Family
Property details
About 2620 Idell St
2620 Idell Street is 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.
Highlights
Home typeQuadruplex
StatusActive
Lot size0.1625 Acres
Year built1917
MLS #SB24191224
Garage4 spaces
Summary
- MLS Number: SB24191224
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (909) 618-2352
- Listing Agent: Lorraine Tan
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: 1/20/2025, 10:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$915,000
2620 Idell St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 23, 2004 | Home Sold | $480,000 |
| Sep 09, 2003 | Home Sold | $320,000 |
| May 31, 2002 | Home Sold | $200,000 |
| Jan 14, 2002 | Home Sold | $159,500 |
| May 16, 2000 | Home Sold | $223,000 |
| Mar 09, 1998 | Home Sold | $230,000 |
| Mar 09, 1998 | Home Sold | $125,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $618,112 | $8,090 |
| 2020 | $611,775 | $7,863 |
| 2019 | $599,781 | $7,758 |
| 2018 | $588,021 | $7,552 |
| 2017 | $576,492 | $7,552 |
History based on county public records data.
Nearby schools
5
Loreto Street Elementary
Public District KG-5
0.4 mi
•3408 Arroyo Seco Ave
4
Aragon Elementary School
Public District KG-5
0.6 mi
•1118 Aragon Ave
5
Hillside Elementary
Public District KG-5
0.6 mi
•120 E Avenue 35
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,939. Residents of Los Angeles, CA typically earn less than $<35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
50%
<35k
44%
35k-100k
5%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
17%
Single, with Kids
14%
Married, No Kids
26%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
40%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Little Caesars
White Castle
What do the neighbors drive?
Honda
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 2620 Idell St in Los Angeles, CA and zip code 90065 in the Northeast LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $915,000.
In December 2024, from all listings sold in Los Angeles, CA there were more than 524 sold above asking price, over 740 sold below and more than 203 were sold right at the asked price. Between November and December 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 5.3%. While the average time on the market in December 2024 was 41 days, the median list price was $1,026,634.
From Rocket Homes Real Estate and based on county public records data.