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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 INFORMATION
| MLS # | 24436835 | Lot Size | 7,503 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,850,000
Price Per SqFt: $ 321 |
DOM | 240 Days |
| Address | 1215 Elden Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 5,758 Sq. Ft. |
| Postal Code | 90006 | Garage | N/A |
| County | Los Angeles | Year Built | 1908 |
| Bed / Bath | 12 / 0 | Parking | 9 |
| Built In | 1908 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Washer Included, Dryer Included, Stackable |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Microwave, Refrigerator |
| Has Heating | Yes |
| Heating Information | Central, Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s), Central Air |
| Flooring Information | Laminate, Tile |
| SecuritySafety | Gated Community |
| Bathroom Information | Remodeled |
EXTERIOR FEATURES
| Roof | Shingle |
WALKSCORE
Walk Score: 89 (Very Walkable)
Transit Score: 71 (Excellent Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,973
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/09/2024 | Listed | $1,950,000 |
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Listing provided courtesy of Kevin Danialifar, Keller Williams Beverly Hills. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
