CA > Los Angeles
Los Angeles, CA 90006,1215 Elden AVE
Los Angeles, CA 90006,1215 Elden AVE
Los Angeles, CA 90006,1215 Elden AVE
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$1,850,000
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12 BD
12 BA
5,758 SqFt
Price Dropped by $100K

1215 Elden AVE Los Angeles, CA 90006

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Darryl West

Darryl West

+1(310) 270-2457

UPDATED:

11/13/2024 12:00 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,758 sqft

Price per Sqft $321

MLS Listing ID 24436835

Bedrooms 12

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1908

Lot Size 7,501 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Laminate, Tile

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Laundry Stacked

Exterior

Garage Concrete, One Space

Community Features Gated

Roof Type Shingle

Total Parking Spaces 9

Building

Story 2

Entry Level Two

Sewer Other

Architectural Style Cape Cod

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5076018008

Security Features Gated Community

Financing Cash

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Kevin Danialifar • Keller Williams Beverly Hills

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Darryl West

Broker | License ID: 01417059

+1(310) 270-2457

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1215 Elden AVE