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1215 Elden Avenue
USD 1,950,000
Property ID: 24436835
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1215 Elden Avenue ,90006
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icon 7503 SqFt
icon Built in 1908
icon USD 260/SqFt
icon 12 Beds
icon 12 Full
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Location Street View
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Interior Details
Bedrooms
12
Bathrooms
12
Interior Size
5758
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1908
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Detailed Introduction Of This Home
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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (17)
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1215 Elden Avenue
USD 1,950,000 12 Beds
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