1215 Elden AVE, Los Angeles, CA 90006 – 24436835 - Chan Wathen

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$1,850,000

Est. payment - /mo

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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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Chan Wathen

[email protected] +1(702) 461-7869

UPDATED:

12/05/2024 03:25 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,758 sqft

Price per Sqft $321

MLS Listing ID 24436835

Bedrooms 12

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1908

Lot Size 7,501 Sqft

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

Interior

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

Parking Features Concrete, One Space

Community Features Gated

Roof Type Shingle

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

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Chan Wathen

REALTOR ® | RE.NV Lic.# S.59111

+1(702) 461-7869

1215 Elden AVE Los Angeles, CA 90006

Chan Wathen

Key Details

Location

Interior

Exterior

Building

Others

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1215 Elden AVE