Skip To Content

1215 Elden Avenue

Los Angeles, CA 90006
  • $1,980,000
  • STATUS: Active
  • ON SITE: 156 Days
  • ID#: 221002593
UPDATED: 30 min ago
$1,980,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
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.

Monthly Payment Calculator



Based on information from CRISNet MLS as of 2021-10-18T21:56:21.61. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-10-18T21:56:21.61. 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.
www.searchhomesincalifornia.com/homes/117249823
Print Image

1215 Elden Avenue Los Angeles, CA 90006

  • Price: $1,980,000
  • Status: Active
  • Updated: 30 min ago
  • ID#: 221002593
0
Beds
0
Baths
0
½ Baths
0.17
Acres
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

Levels Two Lot Size Area 7501.0000 Parking Total 0.00

Property Features

Land Lease YN No Net Operating Income 112316.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 7 Number Of Units Leased 12 Operating Expense 37614.00 Property Attached YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Not Applicable - 1007242 Zoning Lar4

Listing provided courtesy of James Kim, CA DRE# 01474579, of Keller Williams Exclusive Properties.


Based on information from CRISNet MLS as of 2021-10-18T21:56:21.61. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-10-18T21:56:21.61. 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.
 
https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_2_365470482-1.jpg https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_2_365470482-1.jpg https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_2_365470482-1.jpg
Logo
Powell Fine Homes Group, Inc. - Keller Williams Realty World Class
30700 Russell Ranch Road, Suite 200
Westlake Village CA, 91362