1215 Elden Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90006
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,758 sqft
Price per Sqft $321
MLS Listing ID 24-436835
Style Cape Cod
Bedrooms 12
Construction Status Updated/Remodeled
Year Built 1908
Lot Size 7,503 Sqft
Acres 0.1722
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 Mid-Wilshire
Zoning LAR4
Rooms
Other Rooms None
Interior
Heating Central, Wall
Cooling Wall/Window, Central
Flooring Laminate, Tile
Equipment Range/Oven, Microwave, Dishwasher, Dryer, Refrigerator, Washer
Laundry In Unit, Laundry Closet Stacked
Exterior
Parking Features Driveway - Concrete, Parking Space, Driveway Gate
Garage Spaces 9.0
Roof Type Flat, Shingle
Building
Story 2
Sewer In Street
Water Water District, Meter on Property
Architectural Style Cape Cod
Level or Stories Two
Structure Type Stucco
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard