tomo logo

$1,850,000

Beds
12
sq ft
5,758

1215 Elden Ave, Los Angeles, CA 90006

1215 Elden Ave

Los Angeles, CA 90006

  • 106 days on market
    • Price drop $100,000↓
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.

Details

Property type

Property condition

Updated/Remodeled

Lot size

7,503 sq ft

Price per sq ft

$322

Year built

1908

HOA

No

Price History

11/13/2024
CLAW

CLAW #24436835

Price change
$1,850,000
-5.13%
09/09/2024
CLAW

CLAW #24436835

Listed
$1,950,000
-11.36%
08/14/2024
CLAW

CLAW #24358809

Removed
$2,200,000

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Status: Active

Tomo last checked: 12/24/2024 at 5:55 PM

Listing updated: 12/05/2024 at 3:11 AM

Listed by: Kevin Danialifar, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #24436835

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