1144 Elden Ave - Apartments FOR SALE
Los Angeles, CA 90006 |
1144 Elden Ave
Los Angeles, CA 90006
HIGHLIGHTS
- Twelve unit value-add property, built-in 1986, and is not subject to LA City rent control
- 8.8% annual rent increase - 5% + Consumer Price Index
- 34% rental upside compared to renovated units in the area - 7.67% CAP & 9.43 GRM on projected market rents
- Offered at $250,000 per unit, 12.98 current GRM, and 4.84% current CAP
- Comprised of (6) 2-bdrm. and 1.5-bath units and (6) 1-bdrm. units
- Two blocks east from a project spanning a city block, featuring 228 units and 50K SF of commercial space (ground floor leased by Target)
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
12 Units w/ No LA Rent Control & 4.84% CAP
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
9758
STORIES
3
YEAR BUILT
1986
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5076-012-008
