981 Elden Avenue

    Los Angeles (City), CA 90006
    • $4,295,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: 20554028
    UPDATED: 57 min ago
    $4,295,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    981 Elden Avenue is a stabilized + meticulously renovated 18-unit muti-family investment opportunity located in an extremely high-demand Koreatown rental market. The building underwent thorough renovations in 2018-2019, w/ unit interiors featuring spacious floor plans w/ new laminate wood flooring, quartz countertops, stainless steel appliances, bathroom fixtures, fresh paint + ample natural light. Select north-facing units contain large private balconies. The 10,594 sqft structure is situated on a 10,020 sqft, LAR4-1 zoned lot that includes 18 secured + covered parking spaces, communal outdoor lounge area + on-site laundry. Additional features include an on-site manager + a secured intercom entry system. The required City of Los Angeles seismic retrofitting work for the building has already been completed + the building is all-electric, w/ a new electrical system incl. main panels + sub-panels. Most of the building's plumbing lines + windows have been replaced.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T19:27:47.297. 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 Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/103266031

    981 Elden Avenue Los Angeles (City), CA 90006

    • Price: $4,295,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 20554028
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1963
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    981 Elden Avenue is a stabilized + meticulously renovated 18-unit muti-family investment opportunity located in an extremely high-demand Koreatown rental market. The building underwent thorough renovations in 2018-2019, w/ unit interiors featuring spacious floor plans w/ new laminate wood flooring, quartz countertops, stainless steel appliances, bathroom fixtures, fresh paint + ample natural light. Select north-facing units contain large private balconies. The 10,594 sqft structure is situated on a 10,020 sqft, LAR4-1 zoned lot that includes 18 secured + covered parking spaces, communal outdoor lounge area + on-site laundry. Additional features include an on-site manager + a secured intercom entry system. The required City of Los Angeles seismic retrofitting work for the building has already been completed + the building is all-electric, w/ a new electrical system incl. main panels + sub-panels. Most of the building's plumbing lines + windows have been replaced.
    Exterior Features

    Direction Faces East Lot Size Units Square Feet Parking Features CoveredGated Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling Wall/Window Unit(S) Cooling YN Yes Heating Electric Heating YN Yes Laundry Features Community

    Property Features

    Gross Income 344874.00 Gross Multiplier 12.45 Gross Operating Income 334683.00 Laundry YN Yes Net Operating Income 223602.00 Senior Community YN No Special Listing Conditions Standard Tenant Pays Electricity Zoning Lar4-1

    Listing provided courtesy of Matthew R. Kanner of Keller Williams Realty Los Feliz


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T19:27:47.297. 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 Marelly Group | Compass. Licensed in the State of California, USA.

     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003