1144 Elden Ave
Los Angeles, CA 90006
18 Beds15 Baths9,758 Sq Ft302 Days on Market
For Sale $3,000,000
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Courtesy of Compass
Listing Agent & Comments
We are pleased to present 1144 Elden, a 12-unit property not subject to LA City rent control. Built in 1986, this property currently allows an annual rent increase of 8.8% (5% plus the Consumer Price Index). Please note, the property is located in an opportunity zone, offering the new owner a potential federal capital gains tax incentive (buyer to verify). Comprised of (6) 2-bdrm. and 1.5-bath units and (6) 1-bdrm. units, these units offer approx. 34% rental upside compared to renovated units in the area. Property amenities include on-grade gated parking and a laundry room. 1144 Elden is offered at $307 per foot, $250,000 per unit, 9.42 market GRM, and 7.19% market CAP. Located just south of Koreatown, near Olympic and Vermont, the property is surrounded by many multifamily and mixed-use projects currently under construction or recently completed. Across the street from the subject property is a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground floor leased by Target).
Listing Broker Offer of Compensation is 2%.*
MLS# 23293115 • Data provided by CRMLS
*This offer of compensation is only eligible for participants of the MLS where the listing was filed.
Living Area | 9,758 Sq.Ft. |
---|---|
Lot Size | 7,000 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 18 |
Bathrooms | 15 |
Stories | 3 |
Year Built | 1986 |
Property Type | Multi Family |
Zoning | LAR4 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $14,151 |
Property in Flood Zone | -- |
Data provided by CRMLS.
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This property is missing data for:
Forecast, rental estimate, and sale history
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HouseCanary, Inc. Brokerage
1144 Elden Ave., Los Angeles, CA 90006
Multi Family18 Beds15 Baths9,758 Sq Ft302 Days on Market
Listing Agent & Comments
We are pleased to present 1144 Elden, a 12-unit property not subject to LA City rent control. Built in 1986, this property currently allows an annual rent increase of 8.8% (5% plus the Consumer Price Index). Please note, the property is located in an opportunity zone, offering the new owner a potential federal capital gains tax incentive (buyer to verify). Comprised of (6) 2-bdrm. and 1.5-bath units and (6) 1-bdrm. units, these units offer approx. 34% rental upside compared to renovated units in the area. Property amenities include on-grade gated parking and a laundry room. 1144 Elden is offered at $307 per foot, $250,000 per unit, 9.42 market GRM, and 7.19% market CAP. Located just south of Koreatown, near Olympic and Vermont, the property is surrounded by many multifamily and mixed-use projects currently under construction or recently completed. Across the street from the subject property is a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground floor leased by Target).
Listing Broker Offer of Compensation is 2%.*
MLS# 23293115 • Data provided by CRMLS
*This offer of compensation is only eligible for participants of the MLS where the listing was filed.
Living Area | 9,758 Sq.Ft. |
---|---|
Lot Size | 7,000 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 18 |
Bathrooms | 15 |
Stories | 3 |
Year Built | 1986 |
Property Type | Multi Family |
Zoning | LAR4 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $14,151 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Forecast, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
For Sale $3,000,000
Request tour
Save
Courtesy of Compass
1144 Elden Ave
Los Angeles, CA 90006
18 Beds15 Baths9,758 Sq Ft302 Days on Market
Listing Agent & Comments
We are pleased to present 1144 Elden, a 12-unit property not subject to LA City rent control. Built in 1986, this property currently allows an annual rent increase of 8.8% (5% plus the Consumer Price Index). Please note, the property is located in an opportunity zone, offering the new owner a potential federal capital gains tax incentive (buyer to verify). Comprised of (6) 2-bdrm. and 1.5-bath units and (6) 1-bdrm. units, these units offer approx. 34% rental upside compared to renovated units in the area. Property amenities include on-grade gated parking and a laundry room. 1144 Elden is offered at $307 per foot, $250,000 per unit, 9.42 market GRM, and 7.19% market CAP. Located just south of Koreatown, near Olympic and Vermont, the property is surrounded by many multifamily and mixed-use projects currently under construction or recently completed. Across the street from the subject property is a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground floor leased by Target).
Listing Broker Offer of Compensation is 2%.*
MLS# 23293115 • Data provided by CRMLS
*This offer of compensation is only eligible for participants of the MLS where the listing was filed.
Living Area | 9,758 Sq.Ft. |
---|---|
Lot Size | 7,000 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 18 |
Bathrooms | 15 |
Stories | 3 |
Year Built | 1986 |
Property Type | Multi Family |
Zoning | LAR4 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $14,151 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Forecast, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
For Sale $3,000,000
Request tour
Save
Courtesy of Compass