Address
956 Elden Avenue Los Angeles, CA
Price
$ 3,900,000
Property Attributes
  • MLS#0021700734
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90006
  • Style
  • Price$ 3,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,019 SqFt
Listing Provided Courtesy Of:
Kidder Mathews of California, Inc.
Data Source:
California Desert Association of REALTORS
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.

Price History
3/4/2021 Listed $4,165,000
4/6/2021 7% - $3,900,000

General Features

Heating Wall Furnace
MLS Area C17 - Mid-Wilshire
Senior Community Y/N No
Zoning LAR4

Interior Features

Heating Y/N Yes
Kitchen Appliances Disposal, Dishwasher, Refrigerator
Laundry Features Community
Total Stories 3

Exterior Features

Land Lease Type Fee
Lot Dimensions 72x142
Lot Size Acres 0.23
Lot Size Area 10319.0
Lot Size Square Feet 10319.0
Lot Size Units Square Feet
Numberofunitsbuildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90006

Price
AVG $1.58M
$3.9M
Visits
AVG 21
1
Year Built
AVG 1934
1963
Walkscore
AVG 91
91
Data Provided by Walkscore ® not using MLS data

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