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    1/2 BATHS
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Listing Details

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On Site
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On Market
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Neighborhood
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School Ratings & Info

Description

5.7% CAP in-place actual. Value-Add Opportunity with Below Market Rents. 7 UNITS PER TITLE featuring 12 income generating units. All 1 bedroom or studio units; and each unit has its own bathroom. 9 total parking spaces (6 assigned parking spaces plus 3 common parking spaces). This is a great investment opportunity featuring a robust net operating income (NOI). Two buildings (Building 1 is a six unit apartment building. Building 2 is a SFR building). High demand and desirable Koreatown Los Angeles. Located west of Downtown L.A. and its financial district and south of Hollywood, the hip neighborhood Koreatown is one of the most diverse neighborhoods in Los Angeles. Encompassing roughly 3 square miles, the area was once the epicenter of Golden Age Hollywood. K-town is also known for having one of the largest concentration of nightclubs and 24-hour businesses and restaurants in the country. Colleges nearby, including UCLA, USC, Southwestern Law School, and Mount St. Mary's College. This is a rare gem in LA. R4 High Medium Residential. Multiple Dwelling Zone. EZ Enterprise Zone.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T11:26:42.917. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
www.sellinglasouthbay.com/homes/117250330
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1215 Elden Avenue Los Angeles (City), CA 90006

  • Price: $1,980,000
  • Status: Active
  • Updated: 49 min ago
  • ID#: 221002593
12
Beds
12
Baths
0
½ Baths
N/A
Acres
5,758
SQFT
$344
$/SQFT
1908
Built
Neighborhood:
Not Applicable - 1007242
County:
Los Angeles
Area:
KREA - Koreatown
Property Description
5.7% CAP in-place actual. Value-Add Opportunity with Below Market Rents. 7 UNITS PER TITLE featuring 12 income generating units. All 1 bedroom or studio units; and each unit has its own bathroom. 9 total parking spaces (6 assigned parking spaces plus 3 common parking spaces). This is a great investment opportunity featuring a robust net operating income (NOI). Two buildings (Building 1 is a six unit apartment building. Building 2 is a SFR building). High demand and desirable Koreatown Los Angeles. Located west of Downtown L.A. and its financial district and south of Hollywood, the hip neighborhood Koreatown is one of the most diverse neighborhoods in Los Angeles. Encompassing roughly 3 square miles, the area was once the epicenter of Golden Age Hollywood. K-town is also known for having one of the largest concentration of nightclubs and 24-hour businesses and restaurants in the country. Colleges nearby, including UCLA, USC, Southwestern Law School, and Mount St. Mary's College. This is a rare gem in LA. R4 High Medium Residential. Multiple Dwelling Zone. EZ Enterprise Zone.
Exterior Features

Number Of Separate Electric Meters 7 Parking Total 0 Property Attached YN No Sign On Property YN No

Property Features

Cap Rate 4.5 Garage YN No Land Lease Amount 0 Land Lease YN No Levels Two Listing Service Full Service Net Operating Income 112316 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 7 Number Of Units Leased 12 Operating Expense 37614 Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Total Actual Rent 149930 Zoning Lar4

Listing provided courtesy of James Kim of Keller Williams Exclusive Properties


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T11:26:42.917. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
 
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Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
23670 Hawthorne Blvd. #100
Torrance CA, 90505