CA > Los Angeles
Los Angeles, CA 90006,1215 Elden Ave
Los Angeles, CA 90006,1215 Elden Ave
Los Angeles, CA 90006,1215 Elden Ave
17
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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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Joshua Shorter

Joshua Shorter

+1(702) 728-0089

UPDATED:

11/12/2024 10:44 PM

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

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

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Joshua Shorter

RE.S.0191694

+1(702) 728-0089

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1215 Elden Ave