1144 Elden Avenue Los Angeles, CA ^$ 3,000,000

1144 Elden Avenue

^$ 3,000,000

Back to search

1144 Elden Avenue

Los Angeles, CA, 90006

^$ 3,000,000

Studio Baths0.0 Sq 9,758

Monthly Estimate*

^$ 20,956

1144 Elden Avenue, Los Angeles, CA 90006 - Image 1

1144 Elden Avenue, Los Angeles, CA 90006 - Image 2

1144 Elden Avenue, Los Angeles, CA 90006 - Image 3

1144 Elden Avenue, Los Angeles, CA 90006 - Image 4

1144 Elden Avenue, Los Angeles, CA 90006 - Image 5

1144 Elden Avenue, Los Angeles, CA 90006 - Image 6

Studio

Multi-Family Home for sale in Los Angeles, CA

for $3,000,000. This 9,758 square foot home was built in 1986 on a lot size of 0.16.

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).

Multi-Family Active

Price

^$ 3,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.16

Year Built

1986

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023293115

Features

General

Heating Central

Cooling Central Air

Zoning LAR3

Security Features Gated Community

Year Built 1986

Levels Two

County Los Angeles

Net Operating Income 136796.0

New Construction No

Property Type C

HOA / Comm Assn No

Facing Direction West

Status Active

City Los Angeles

Buyer Agent Compensation 2.00

View Y/N No

Senior Community Y/N No

MLS Area C17 - Mid-Wilshire

Lot Size Square Feet 7000.0

Street Name Elden

Standard Status Active

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Refrigerator

Total Stories 3

Air Conditioning Y/N Yes

Heating Y/N Yes

Street Suffix Avenue

Laundry Features In Garage Community

Total Baths 0

Exterior

Parking Features Garage

Water Source None

Lot Size Area 7000.0

Building Area Total 9758.0

Lot Size Acres 0.16

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Kenny Stevens

Listing Agent

Compass

Broker

Affordability Calculator

$20,956

Per Month

Monthly Principal & Interest: $20,956
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,999,883

Percent of Sale Price 33%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/21/2023	$3,000,000		Listed Price

Map

More homes like this one

homes for you

See all

1144 Elden Avenue, Los Angeles, CA, 90006 is a Multi-Family Home for sale at $3,000,000 with 9,758 sqft and a lot size of 0.16. 1144 Elden Avenue is a studio with 0.0 baths and was built in 1986. The property's zip code is 90006 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/20/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1144 Elden Avenue

Multi-Family Home for sale in Los Angeles, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home