981 Elden Ave

    Los Angeles, CA 90006
    • $4,295,000
    • STATUS: Active
    • ON SITE: 47 days
    • MLS #: 20-554028
    UPDATED: 82 min ago
    $4,295,000
    • 10
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,594
      SQFT
    • $405
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    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 CRISNet MLS as of 2020-04-02T13:42:28.723. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-02T13:42:28.723. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-04-02T13:42:28.723. 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.

    Based on information from the i-Tech MLS as of 2020-04-02T13:42:28.723. 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.

    Licensed in the State of California, USA.
    www.jelmbergteam.com/homes/103265542

    981 Elden Ave Los Angeles, CA 90006

    • Price: $4,295,000
    • Status: Active
    • Updated: 82 min ago
    • MLS #: 20-554028
    10
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    10,594
    SQFT
    $405
    $/SQFT
    1963
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    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 Area 10020 Other Structures None Parking Garage Covered ParkingGated Pool YN No Tennis YN No Total Parking 16

    Interior Features

    Baths Total 18.00 Cooling Air ConditioningWall/Window Den No Dining Room No Equipment DryerRange/OvenRefrigeratorWasher Family Room No Heating Electric Laundry Community

    Property Features

    Amenities Onsite Property Management Gross Income 344874 Gross Operating Income 334683 Like Units1 8 Like Units2 10 Net Operating Income 223602.00 Number Of Buildings 1 Number Of Units 18 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays Electricity Total Annual Expense 111081 Type Of Units Single1+1 Zoning Lar4-1

    Listing provided courtesy of Matthew R. Kanner DRE#01349203 of Keller Williams Realty Los Feliz.


    Based on information from CRISNet MLS as of 2020-04-02T13:42:28.723. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-02T13:42:28.723. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-04-02T13:42:28.723. 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.

    Based on information from the i-Tech MLS as of 2020-04-02T13:42:28.723. 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.

    Licensed in the State of California, USA.
     
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