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:
$1,850,000
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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Schools
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
Financial
Map
Community
- Address1215 Elden Avenue Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1215 Elden Avenue
Los Angeles, CA
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