956 Elden Ave, Los Angeles, CA 90006

$3,900,000
20
BD
20
BA
13,924
SqFt
List Price
$3,900,000
Price Change
▼ $265,000 1617758575
MLS#
21-700734
Year Built
1963
Bedrooms
20
Bathrooms
20
Living Sq. Ft
13,924
Lot Size
10,319
Days on Market
60
Property Type
Multifamily
Stories
3

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.

Additional Information

Other Buildings
None
Heat
Wall
Cooling
Window Unit(s)
Number of Cars in Garage
Gated

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Courtesy of , Janet Neman - CA DRE#

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