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    956 Elden Avenue

    Los Angeles (City), CA 90006
    • $3,900,000
    • STATUS: Active Under Contract
    • ON SITE: 73 days
    • ID#: 21700734
    Under Contract
    UPDATED: 21 min ago
    $3,900,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,924
      SQFT
    • $280
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2021-05-17T12:39:04.213. 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 The Bhagat Group. Licensed in the State of California, USA.
    www.propertycove.com/homes/114777829
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    956 Elden Avenue Los Angeles (City), CA 90006

    • Price: $3,900,000
    • Status: Active Under Contract
    • Updated: 21 min ago
    • ID#: 21700734
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    13,924
    SQFT
    $280
    $/SQFT
    1963
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - 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

    Parking Features Gated

    Interior Features

    Appliances DishwasherDisposalRefrigerator Heating Wall Furnace Heating YN Yes

    Property Features

    Disclosures Rent Control Gross Income 268120 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 168341 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 3 Zoning Lar4

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-17T12:39:04.213. 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 The Bhagat Group. Licensed in the State of California, USA.
     
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    Torrance CA, 90505