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… Read More 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. Read Less
Property listed by Keller Williams Beverly Hills, Kevin Danialifar 310-432-6400
Built in 1908, Building area total: 5,758, Levels: Two, Living area: 5758, 2 stories, 2 buildings, Architectural style: CapeCod, Construction materials: Stucco
Community
Gated
Cooling
CentralAir, WallWindowUnits
Floors
Laminate, Tile
Heating
Central, WallFurnace
Income
Gross income: $163,956, Net operating income: $110,979
Laundry
Stacked
Lot
0.1722 acres, 7,503 square feet, Size: 7,503
Parking
9 totals parking, Concrete, OneSpace
Property
Zoning: LAR4
Roof
Shingle
Security Features
GatedCommunity
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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