1215 Elden Avenue, Los Angeles, CA 90006
-
Listed Price :
$1,850,000
-
Beds :
12
-
Baths :
12
-
Property Size :
5,758 sqft
-
Year Built :
1908
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.
Interior Features
| Laundry Information |
| Location(s) |
Stacked |
| Bedroom Information |
| Bedrooms |
12 |
| Bathroom Information |
| Features |
Remodeled |
| Bathrooms |
12 |
| Flooring Information |
| Material |
Laminate, Tile |
| Interior Information |
| Cooling Type |
Central Air, Wall/Window Unit(s) |
Listing Information
| Address |
1215 Elden Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90006 |
| County |
Los Angeles |
| Listing Agent |
Kevin Danialifar DRE #01904911 |
| Co-Listing Agent |
Jihad Rasheed DRE #02231321 |
| Courtesy Of |
Keller Williams Beverly Hills |
| List Price |
$1,850,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,758 |
| Lot Size |
7,503 |
| Year Built |
1908 |
Listing information courtesy of: Kevin Danialifar, Jihad Rasheed, Keller Williams Beverly Hills. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 3:25 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
