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    956 Elden Ave

    Los Angeles, CA 90006
    • $3,900,000
    • STATUS: Active
    • ON SITE: 61 days
    • MLS #: 21-700734
    UPDATED: 49 min ago
    $3,900,000
    • 20
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,924
      SQFT
    • $280
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    Description

    Opportunity to acquire a 14-unit apartment building located in prime Koreatown, one of the most highly sought after submarkets of Los Angeles. The Property is a well-maintained structure with steady cash flow and significant upside potential. The Property has recently undergone some interior and exterior renovations and features a strong unit mix of spacious units - 8 (1+1)s and 6 (2+2)s. 5 out of the 15 units have been extensively renovated, and one large, unrenovated 1+1 unit will be delivered vacant, allowing an investor to immediately upgrade the unit and capture market rent. Renovated units feature high-end finishes including new stainless steel appliances, stone countertops, laminate and tile flooring, new fixtures, beautifully designed bathrooms, new paint, heat and A/C units among other improvements. Also, renovated units have undergone both electrical and plumbing upgrades. Exterior and building upgrades include new exterior paint, security gate, call box, camera systems and water heater. The property is separately metered for electricity and gas, has an on-site laundry room, and 19 parking spaces. Tenants are surrounded by countless amenities including restaurants, bars, shopping, entertainment venues, and local transportation. 956 Elden is a rare opportunity to acquire a well-maintained asset with significant upside potential.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-05T22:42:31.21. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/114762690
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    956 Elden Ave Los Angeles, CA 90006

    • Price: $3,900,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 21-700734
    20
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    13,924
    SQFT
    $280
    $/SQFT
    1963
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Opportunity to acquire a 14-unit apartment building located in prime Koreatown, one of the most highly sought after submarkets of Los Angeles. The Property is a well-maintained structure with steady cash flow and significant upside potential. The Property has recently undergone some interior and exterior renovations and features a strong unit mix of spacious units - 8 (1+1)s and 6 (2+2)s. 5 out of the 15 units have been extensively renovated, and one large, unrenovated 1+1 unit will be delivered vacant, allowing an investor to immediately upgrade the unit and capture market rent. Renovated units feature high-end finishes including new stainless steel appliances, stone countertops, laminate and tile flooring, new fixtures, beautifully designed bathrooms, new paint, heat and A/C units among other improvements. Also, renovated units have undergone both electrical and plumbing upgrades. Exterior and building upgrades include new exterior paint, security gate, call box, camera systems and water heater. The property is separately metered for electricity and gas, has an on-site laundry room, and 19 parking spaces. Tenants are surrounded by countless amenities including restaurants, bars, shopping, entertainment venues, and local transportation. 956 Elden is a rare opportunity to acquire a well-maintained asset with significant upside potential.
    Exterior Features

    Lot Size Area 10319 Other Structures None Parking Garage Gated Total Parking 19

    Interior Features

    Baths Total 20.00 Cooling Window Unit(S) Equipment RefrigeratorGarbage DisposalDishwasher Heating Wall Laundry Community Laundry Equipment Lease

    Property Features

    Assessed Total Value 2174665 Gross Income 268120 Gross Operating Income 260076 Like Units1 8 Like Units2 6 Net Operating Income 168341.00 Number Of Buildings 1 Number Of Units 14 Owner Pays Water Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 91736 Type Of Units Multifamily Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Janet Neman DRE#01069127 of Kidder Mathews Of California, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-05T22:42:31.21. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270