1215 Elden Avenue
$1,950,000
12
12
5,758
5,758
$339
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...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.
- Listed by Kevin Danialifar • DRE #01904911 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
- Listed by Jihad Rasheed • DRE #02231321 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 1215 Elden Avenue
Zoning
LAR4
StyleCape Cod
Parcel Number5076018008
Total Units7.0
Living Area5758
Source Living AreaVendor Enhanced
AreaMid-Wilshire (C17)
Vacancy RateNo
LISTING UPDATED: 09/17/2024 12:01 AM
Property Details for 1215 Elden Avenue
Status | Active |
---|---|
MLS # | 24-436835 |
Days on Market | 53 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1908 |
Lot Size | 0.17 AC / 7,503 SF |
County | Los Angeles County |
Building Information for 1215 Elden Avenue
Stories2Residences-Year Built1908Building Size-Lot Size0.17 AC / 7,503 SF
Property Information for 1215 Elden Avenue
Property History for 1215 Elden Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1215 Elden Avenue
Taxable ValueLand$846,974Additions$263,061Total$1,110,035
Tax Record2024$14,487 ($1,207 / month)
Home Facts
Total Finished SqFt5,758 SqFtAbove Grade Finished SqFt5,758 SqFtLot Size7,501 SqFtStyleMulti-Family Res (5+ Units)Year Built1908ZoningLAR4CountyLOS ANGELESAPN5076-018-008
Schools near 1215 Elden Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Leo Politi Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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