976 Elden Avenue, Los Angeles, CA 90006

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Glen Henderson

[email protected] +1(619) 889-7646

$5,480,000

Est. payment - /mo

3 Beds

3 Baths

0.39 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25059023

Bedrooms 3

HOA Y/N No

Lot Size 0.393 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Excellent Investment Opportunity in a Fantastic Mid-Wilshire location closed to Koreatown. Built in 1990, Lot Size 17,105 Sq. Ft. Living Area 17,544 Sq. Ft. 976 Elden Ave is not subject to Los Angels City Rent Control and is subject to AB 1482 State Rent Control allowing for higher annual increases. Great potential for increased rents. This 20 units apartment complex offers (16) two-bedroom / two-bathroom units, and (4) one-bedroom / one-bathroom units. with 20 gated access parking spaces in garage. Each unit has its own Central A/C & Heater. Some of units has been upgraded and remodeled. The building has re-roofed in July 2020 & boiler/water storage tank were replaced in July 2023. 976 Elden Ave presents investor a unique opportunity to attain a 1990's constructed asset in a dense infill Mid-Wilshire location.
Excellent Investment Opportunity in a Fantastic Mid-Wilshire location closed to Koreatown. Built in 1990, Lot Size 17,105 Sq. Ft. Living Area 17,544 Sq. Ft. 976 Elden Ave is not subject to Los Angels City Rent Control and is subject to AB 1482 State Rent Control allowing for higher annual increases. Great potential for increased rents. This 20 units apartment complex offers (16) two-bedroom / two-bathroom units, and (4) one-bedroom / one-bathroom units. with 20 gated access parking spaces in garage. Each unit has its own Central A/C & Heater. Some of units has been upgraded and remodeled. The building has re-roofed in July 2020 & boiler/water storage tank were replaced in July 2023. 976 Elden Ave presents investor a unique opportunity to attain a 1990's constructed asset in a dense infill Mid-Wilshire location.

Location

State CA

County Los Angeles

Area Los Angeles (90006)

Zoning Assessor

Interior

Cooling Central Forced Air

Air Conditioning Central Forced Air

Building

Lot Description Curbs

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $206

Space Rent $25,018

CFD/Mello-Roos Fee $2, 480

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Listed by Yeou-Shu Wang • IRN Realty

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

976 Elden Avenue Los Angeles, CA 90006

Glen Henderson

Key Details

Location

Interior

Building

Others

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