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Samuel Park

[email protected] +1(909) 310-5105

$ 1,950,000

Est. payment -/mo

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Active

1215 Elden AVE Los Angeles, CA 90006

12 Beds

12 Baths

5,758 SqFt

UPDATED:

09/30/2024 06:13 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,758 sqft

Price per Sqft $338

MLS Listing ID 24436835

Bedrooms 12

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1908

Lot Size 7,501 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 C17 - Mid-Wilshire

Zoning LAR4

Rooms

Ensuite Laundry Stacked

Interior

Laundry Location Stacked

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

Parking Type Concrete, One Space

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

Listed by Kevin Danialifar • Keller Williams Beverly Hills

Samuel Park

Broker | License ID: 02071979

+1(909) 310-5105

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Chino Hills, CA

Samuel Park

Samuel Park

1215 Elden AVE Los Angeles, CA 90006

Key Details

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Rooms

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Exterior

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1215 Elden AVE