1215 Elden Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90006
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,758 sqft
Price per Sqft $321
MLS Listing ID CL24436835
HOA Y/N No
Year Built 1908
Lot Size 7,503 Sqft
Acres 0.17
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 Listing
Zoning LAR4
Interior
Heating Other,Wall Furnace
Cooling Central Air,Wall/Window Unit(s)
Flooring Laminate,Tile
Fireplace No
Appliance Dryer
Laundry Dryer,Other,Washer
Exterior
Utilities Available Other Water/Sewer
Building
Water Other
New Construction No
Others
Tax ID 5076018008