1215 Elden Avenue Los Angeles, CA 90006
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site23 Days
- MLS StatusActive
- MLS ID Number24436835
- Home Size Source N/A
- Year Built1908
- Lot Size0.1722 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Cape Cod
- Construction Stucco
- Parking ConcreteParking Space
- Parking Spaces 9
- Sewer Other
- Number of Stories 22
- Acreage 0.1722
- Security Gated Community
- Zoning LAR4
- Listing Conditions Standard
- Property Condition Updated/ Remodeled
Interior Features
- Cooling Wall/ Window Unit(s)Central Air
- Heating CentralWall Furnace
- Appliances DishwasherMicrowaveRefrigerator
- Flooring LaminateTile
- Laundry Features Washer IncludedDryer IncludedStackable
Exterior Features
- Roof Shingle
Community Features
- Senior Community No
- MLS Area C17 - Mid-Wilshire
- Security Features Gated Community