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    1215 Elden Avenue

    Los Angeles (City), CA 90006
    • $1,980,000
    • STATUS: Active
    • ON SITE: 136 Days
    • ID#: 221002593
    UPDATED: 85 min ago
    $1,980,000
    • 12
      BEDS
    • N/A
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 5,758
      SQFT
    • $344
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    5.7% CAP in-place actual. Value-Add Opportunity with Below Market Rents. 7 UNITS PER TITLE featuring 12 income generating units. All 1 bedroom or studio units; and each unit has its own bathroom. 9 total parking spaces (6 assigned parking spaces plus 3 common parking spaces). This is a great investment opportunity featuring a robust net operating income (NOI). Two buildings (Building 1 is a six unit apartment building. Building 2 is a SFR building). High demand and desirable Koreatown Los Angeles. Located west of Downtown L.A. and its financial district and south of Hollywood, the hip neighborhood Koreatown is one of the most diverse neighborhoods in Los Angeles. Encompassing roughly 3 square miles, the area was once the epicenter of Golden Age Hollywood. K-town is also known for having one of the largest concentration of nightclubs and 24-hour businesses and restaurants in the country. Colleges nearby, including UCLA, USC, Southwestern Law School, and Mount St. Mary's College. This is a rare gem in LA. R4 High Medium Residential. Multiple Dwelling Zone. EZ Enterprise Zone.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T16:30:28.417. 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 deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
    www.buysocal.homes/homes/117250330
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    1215 Elden Avenue Los Angeles (City), CA 90006

    • Price: $1,980,000
    • Status: Active
    • Updated: 85 min ago
    • ID#: 221002593
    12
    Beds
    12
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,758
    SQFT
    $344
    $/SQFT
    1908
    Built
    Neighborhood:
    Not Applicable - 1007242
    County:
    Los Angeles
    Area:
    KREA - Koreatown
    Property Description
    5.7% CAP in-place actual. Value-Add Opportunity with Below Market Rents. 7 UNITS PER TITLE featuring 12 income generating units. All 1 bedroom or studio units; and each unit has its own bathroom. 9 total parking spaces (6 assigned parking spaces plus 3 common parking spaces). This is a great investment opportunity featuring a robust net operating income (NOI). Two buildings (Building 1 is a six unit apartment building. Building 2 is a SFR building). High demand and desirable Koreatown Los Angeles. Located west of Downtown L.A. and its financial district and south of Hollywood, the hip neighborhood Koreatown is one of the most diverse neighborhoods in Los Angeles. Encompassing roughly 3 square miles, the area was once the epicenter of Golden Age Hollywood. K-town is also known for having one of the largest concentration of nightclubs and 24-hour businesses and restaurants in the country. Colleges nearby, including UCLA, USC, Southwestern Law School, and Mount St. Mary's College. This is a rare gem in LA. R4 High Medium Residential. Multiple Dwelling Zone. EZ Enterprise Zone.
    Exterior Features

    Number Of Separate Electric Meters 7 Parking Total 0 Property Attached YN No Sign On Property YN No

    Property Features

    Cap Rate 4.5 Garage YN No Land Lease Amount 0 Land Lease YN No Levels Two Listing Service Full Service Net Operating Income 112316 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 7 Number Of Units Leased 12 Operating Expense 37614 Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Total Actual Rent 149930 Zoning Lar4

    Listing provided courtesy of James Kim of Keller Williams Exclusive Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T16:30:28.417. 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 deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
     
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