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Los Angeles, CA 90006 1146 S Elden Avenue

$2,880,000

1146 S Elden Avenue Los Angeles, Ca - Image 11146 S Elden Avenue Los Angeles, Ca - Image 21146 S Elden Avenue Los Angeles, Ca - Image 3
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Presented By: Jacob Kesherim with Keller Williams Beverly Hills;
  • MLS# 24368016
  • 03/18/2024
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  • BedBeds • 10
  • BathBaths • 11
  • FootageSQFT • 12,306
  • GarageGarage • 4

Home Details

Highly sought after turnkey investment located just south of Olympic Blvd. This 11-unit apartment building complex, built in 1923 has many value add opportunities. With 65% upside in rental income this is an investors dream. A great unit mix consisting of 6 one-bedroom units, 4 two-bedroom units, and one studio unit. With 2 separate parking structures any savvy investor could add 2-3 ADU units adding even more value to this asset. The utilities are separately mattered for gas and electricity. Located in a highly tenant competitive rental market in Koreatown with a walk score of 91.
Presented By: Jacob Kesherim with Keller Williams Beverly Hills;

Interior Features for 1146 S Elden Avenue

Bedrooms

Total Bedrooms10

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths11

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Street SuffixAvenue
Total Stories2
Window FeaturesFrenchMullioned, GardenWindows

Other Rooms

Entry Level1

General for 1146 S Elden Avenue

Additional Parcels Y/NNo
Attached Garage Yes
Cap Rate3.0
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
Construction MaterialsFrame, MetalSiding, Concrete, Stone, Stucco, WoodSiding
CountyLos Angeles
Days on Market8
DirectionsWest of Hoover St, East of Western Ave, North of Pico Blvd, & South of Olympic Blvd
Electric Expense3450.0
Entry LocationMain Level
Facing DirectionSouth
Garage Spaces4.0
Garage Y/NYes
Gross Income500.0
HOA / Comm AssnNo
High School DistrictLos Angeles Unified
Home Warranty Y/NNo
Insurance Expense5488.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet14000.0
MLS AreaC17 - Mid-Wilshire
MaintenanceExpense7920.0
MobileHomeRemainsYNNo
Net Operating Income89667.0
New ConstructionNo
Number of Units Leased11
Occupancy DescriptionTenant
Open Parking Spaces2.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property ConditionFixer, RepairsCosmetic, UpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
SewerOther, SepticTypeUnknown
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameElden
Taxes$33,819
Tenant PaysElectricity, Gas
Total Units11
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built1923
Year Built SourceAssessor
ZoningLAR3

Exterior for 1146 S Elden Avenue

Building Area Total12306.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions100x140
Lot FeaturesLawn, Landscaped, RectangularLot
Lot Size Acres0.3214
Lot Size Area14000.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
LotDimensionsSourceAssessor
Number of Buildings2
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned, ControlledEntrance, Concrete, DoorMulti, Driveway, Garage, GarageDoorOpener, Private, OneSpace, SharedDriveway, OnStreet, SideBySide, Uncovered
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,880,000
MLS#24368016
List Date 03/18/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors