• Asking Price $3,000,000
  • Estimated Value: $1,061,781

  • 1144 ELDEN AVE LOS ANGELES, CA 90006

  • 18 Beds 1.8 Baths 9,758 SqFt
  • Townhouse or Condo / Resale (MLS)
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Property Details for 1144 ELDEN AVE, LOS ANGELES, CA 90006

Features

  • Price/sqft: $307
  • Lot Size: 7000
  • Total Units: 12
  • Total Rooms: 5
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • Heating: Central Furnace
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1986
  • Property ID: 803149927
  • MLS Number: 23-293115
  • Parcel Number: 5076-012-008
  • Property Type: Townhouse or Condo
  • County: LOS ANGELES
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. We are pleased to present 1144 Elden, a 12-unit property not subject to LA City rent control. Built in 1986, this property currently allows an annual rent increase of 8.8% (5% plus the Consumer Price Index). Please note, the property is located in an opportunity zone, offering the new owner a potential federal capital gains tax incentive (buyer to verify). Comprised of (6) 2-bdrm. and 1.5-bath units and (6) 1-bdrm. units, these units offer approx. 34% rental upside compared to renovated units in the area. Property amenities include on-grade gated parking and a laundry room. 1144 Elden is offered at $307 per foot, $250,000 per unit, 9.42 market GRM, and 7.19% market CAP. Located just south of Koreatown, near Olympic and Vermont, the property is surrounded by many multifamily and mixed-use projects currently under construction or recently completed. Across the street from the subject property is a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground floor leased by Target).

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Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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