1215 Elden Ave - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,850,000 USD
310-598-0011
1215 Elden Ave, Los Angeles, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/76
null | 6.01% Cap Rate

1215 Elden Ave
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Back Home: Rebuild with new engineering design in 2018
  • Front Building: 4 units fully remodeled, New electric meters and new wiring in 2018
  • 6% CAP rate and 11.9 GRM
  • Location: Prime Koreatown
  • Opportunity Zone
  • 9 Parking Spaces

OVERVIEW

**JUST REDUCE** Partners CRE and Kevin Daniali proudly present an 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 6% 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.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

7

PRICE/UNIT

$264,286

CAP RATE

6.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R4

APN/PARCEL ID

5076-018-008

ASK ABOUT THIS PROPERTY

Kevin DanialiKeller Williams Beverly HillsMore Info
310-598-0011

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Kevin DanialiKeller Williams Beverly HillsMore Info
310-598-0011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.