1215 Elden Avenue
Los Angeles, CA, 90006
$1,950,000
Beds
0 Baths
SqFt
0.17 Acres
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Amazing investment opportunity at 1215 Elden Ave! This multifamily property features 7 units across two well maintained buildings, including a front building with 6 x 1 Bed+1 Bath units and a spacious 6-bed + 6-bath single-family residence in the back. The back single-family home has been extensively rebuilt from the ground up with new engineering design and permits completed in 2017/2018. The front building electrical wiring installed in 2015, and 4 out of the 6 units have been beautifully remodeled in 2017/2018. With a gross operating income of approximately $164K and a NOI of $111K, this property offers a solid 5.7% CAP rate and 11.9 GRM, showcasing strong income potential with significant upside and value-add opportunities. Situated in the prime Koreatown area, residents will enjoy a vibrant neighborhood filled with trendy restaurants, nightlife, and easy access to public transportation.

Property Details

Price:
$1,950,000
MLS #:
24436835
Status:
Active
Baths:
0
Address:
1215 Elden Avenue
Type:
Residential Income
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Sep 9, 2024
State:
CA
ZIP:
90006
Lot Size:
7,503 sqft / 0.17 acres (approx)
Year Built:
1908
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Interior

Appliances
Dishwasher, Microwave, Refrigerator
Cooling
Wall/ Window Unit(s), Central Air
Flooring
Laminate, Tile
Heating
Central, Wall Furnace

Exterior

Parking Features
Concrete, Parking Space
Parking Spots
9.00
Roof
Shingle
Security Features
Gated Community
Sewer
Other
Stories Total
2

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1215 Elden Avenue
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