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listing
1 of 17
Residential IncomeFor Sale
$1,850,000
1215 Elden Avenue
Los Angeles, CA 90006
Listed by Kevin Danialifar DRE#01904911 KDaniali7@gmail.com Keller Williams Beverly Hills
MLS: California Regional MLS (CRMLS)
12Beds
12Baths
5,758Sq Ft
Est. Mortgage
$9,649/mo

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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