1144 Elden Ave
Los Angeles, CA 90006

18 Beds
15 Baths
9,758 Sq Ft
302 Days on Market

For Sale $3,000,000
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Courtesy of Compass

Listing Agent & Comments

Kenny StevensCompass
310-968-7005kenny@kennystevensteam.com License #01090251
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.
Additional home details
Living Area9,758 Sq.Ft.
Lot Size7,000 Sq.Ft.
Total Rooms--
Bedrooms18
Bathrooms15
Stories3
Year Built1986
Property TypeMulti Family
ZoningLAR4
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$14,151
Property in Flood Zone--
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HouseCanary, Inc. Brokerage

1144 Elden Ave., Los Angeles, CA 90006

Multi Family
18 Beds
15 Baths
9,758 Sq Ft
302 Days on Market

Listing Agent & Comments

Kenny StevensCompass
310-968-7005kenny@kennystevensteam.com License #01090251
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.
Additional home details
Living Area9,758 Sq.Ft.
Lot Size7,000 Sq.Ft.
Total Rooms--
Bedrooms18
Bathrooms15
Stories3
Year Built1986
Property TypeMulti Family
ZoningLAR4
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$14,151
Property in Flood Zone--
We’ll connect you with top agents in your area.
Missing property details data
This property is missing data for:
Forecast, rental estimate, and sale history
New
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Access your homeowner dashboard
house
For Sale $3,000,000
Request tour
Save
Courtesy of Compass
1144 Elden Ave
Los Angeles, CA 90006

18 Beds
15 Baths
9,758 Sq Ft
302 Days on Market

Listing Agent & Comments

Kenny StevensCompass
310-968-7005kenny@kennystevensteam.com License #01090251
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.
Additional home details
Living Area9,758 Sq.Ft.
Lot Size7,000 Sq.Ft.
Total Rooms--
Bedrooms18
Bathrooms15
Stories3
Year Built1986
Property TypeMulti Family
ZoningLAR4
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$14,151
Property in Flood Zone--
We’ll connect you with top agents in your area.
Missing property details data
This property is missing data for:
Forecast, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $3,000,000
Request tour
Save
Courtesy of Compass