1144 Elden Avenue
1144 Elden Avenue
$3,000,000
18
15
9,758
9,758
$307
Listed By Compass
Description
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...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 Agents
Property Details for 1144 Elden Avenue
Zoning
LAR3
Cross StreetsWest 11th St. and Elden Ave.
Parcel Number5076012008
Total Units12.0
Living Area9758
Source Living AreaVendor Enhanced
AreaMid-Wilshire (C17)
Vacancy Rate0 Units
Location
LISTING UPDATED: 12/22/2023 03:47 PM
Property Details for 1144 Elden Avenue
Status | Active |
---|---|
MLS # | 23-293115 |
Days on Market | 281 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1986 |
Lot Size | 0.16 AC / 7,000 SF |
County | Los Angeles County |
Location
Virtual Tour
Building Information for 1144 Elden Avenue
Stories3Residences-Year Built1986Building Size-Lot Size0.16 AC / 7,000 SF
Payment Calculator
$17,551 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1144 Elden Avenue
Property History for 1144 Elden Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1144 Elden Avenue
Taxable ValueLand$35,552Additions$1,024,131Total$1,059,683
Tax Record2023$14,151 ($1,179 / month)
Home Facts
Total Finished SqFt9,758 SqFtAbove Grade Finished SqFt9,758 SqFtLot Size7,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningLAR4CountyLOS ANGELESAPN5076-012-008
Schools near 1144 Elden Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Leo Politi Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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