$1,850,000
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1215 Elden Avenue Los Angeles, CA 90006
Cluster
Residence
12
Beds
12
Baths
5,758
Sq. Ft.
0.17
Acre
Lot
Property Activity
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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 extensive...ly 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.
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MLS#
24436835
Property Type
Cluster
Status
Bedrooms
12
Bathrooms
Year Built
1908
Square Feet
5,758
sq. ft
Lot Size
0.17
Stories
2.0
Sewer
Other
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