$3,000,000
1144 Elden Avenue, Los Angeles 90006
3
Beds
2
Baths
9,758
Square feet
7,000
Lot Size
12
# Of Units
Listing Agent
Kenny Stevens - CompassWe 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).
Facts & Features
MLS® # | 23293115 |
---|---|
Price | $3,000,000 |
Bedrooms | 3 |
Bathrooms | 2.00 |
Square Footage | 9,758 |
Lot Size | 7,000 |
Year Built | 1986 |
Type | Residential Income |
Status | Active |
# Of Units | 12 |
Community Information
Address | 1144 Elden Avenue |
---|---|
Area | C17 - Mid-Wilshire |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90006 |
Amenities
Parking Spaces | 14 |
---|---|
Parking | Garage, Gated |
Garages | Garage, Gated |
View | None |
Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Refrigerator |
---|---|
Heating | Central |
Cooling | Central Air |
Has Basement | No |
Fireplace | No |
# of Stories | 3 |
Stories | Two |
Additional Information
Date Listed | July 21st, 2023 |
---|---|
Days on Market | 301 |
Zoning | LAR3 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Kenny Stevens |
---|---|
Office | Compass |