1215 Elden Avenue

Los Angeles, CA 90006

$1,950,000

List Price

12

bed Beds

12

shower Baths

5,758 sqft

straighten / sqft

1908

calendar_month Built

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.

Listing Information

List Price $1,950,000
Status Active
MLS 24436835
Type Residential Income
Year Built 1908
Lot Size 7,503
Structure Size 5,758
DOM 8
Courtesy Of Keller Williams Beverly Hills
Listing Agent Kevin Danialifar DRE#01904911
Co-Listing Agent Jihad Rasheed DRE#02231321

Interior Features

Laundry Information
Location(s) Stacked
Total Bedroom
Bedrooms 12
Total Bathroom
Bathrooms 12
Flooring Information
Material Laminate, Tile
Cooling Type
Cooling Type Central Air, Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Kevin Danialifar, Jihad Rasheed, Keller Williams Beverly Hills . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:13 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.