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Active
1215 Elden Avenue Los Angeles, CA 90006
5,758 SqFt
UPDATED:
11/13/2024 03:38 AM
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
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Kevin Danialifar • Keller Williams Beverly Hills