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3 Unit - 5,991 SF 8,703 SF R4 TOC Tier 3 1041 Elden Ave 3 Unit Apartment Building $2,200,000 ($733,333/Unit) Los Angeles, CA 90006



Investment Highlights
- Configured as 24 rooms - 9 baths
- 5,991 SF 8,703 SF R4 TOC Tier 3
- 3 Unit
Executive Summary
Prime investment opportunity at 1041 Elden offering exceptional value-add potential and long-term upside. Currently configured as 24 rooms, this property features a flexible layout suitable for a variety of uses, making it ideal for both investors and owner-users. Strategically located in a high-demand submarket with convenient access to major freeways, transportation corridors, retail, and surrounding amenities. The property benefits from strong rental demand and provides an opportunity to increase income through lease optimization, repositioning, and property improvements. Additionally, this asset presents a rare opportunity for redevelopment or adaptive reuse. Positioned on a well-located parcel within a growing area, investors and developers can capitalize on future appreciation and maximize value through new construction or reconfiguration. Buyer to verify zoning, land use, permits, and development potential. Excellent opportunity for investors seeking stable cash flow with upside, as well as developers looking for a strategic project in a desirable location.
Property Facts
| Price | $2,200,000 | Building Class | B |
| Price Per Unit | $733,333 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 5,991 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R4 - R4-1 TOC Tier 3 | ||
| Price | $2,200,000 |
| Price Per Unit | $733,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 5,991 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Parking Ratio | 1.17/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4 - R4-1 TOC Tier 3 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5076-008-026 | Improvements Assessment | $384,090 |
| Land Assessment | $295,451 | Total Assessment | $679,541 |
Property Taxes
Parcel Number
5076-008-026
Land Assessment
$295,451
Improvements Assessment
$384,090
Total Assessment
$679,541
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3 Unit - 5,991 SF 8,703 SF R4 TOC Tier 3 | 1041 Elden Ave
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