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1144 Elden Ave
Los Angeles, CA 90006
12 Units w/ No LA Rent Control & 4.84% CAP · Multifamily Property For Sale
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12 Units
Investment Highlights
- Twelve unit value-add property, built-in 1986, and is not subject to LA City rent control
- 34% rental upside compared to renovated units in the area - 7.67% CAP & 9.43 GRM on projected market rents
- Comprised of (6) 2-bdrm. and 1.5-bath units and (6) 1-bdrm. units
- 8.8% annual rent increase - 5% + Consumer Price Index
- Offered at $250,000 per unit, 12.98 current GRM, and 4.84% current CAP
- Two blocks east from a project spanning a city block, featuring 228 units and 50K SF of commercial space (ground floor leased by Target)
Property Facts
| No. Units | 12 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 9,758 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1986 |
| Zoning | LAR3 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 9,758 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1986 |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 6 | $1,687 | 858 |
| 1+1 | 6 | $1,605 | 618 |
Property Taxes
| Parcel Number | 5076-012-008 | Improvements Assessment | $714,000 |
| Land Assessment | $1,642,200 | Total Assessment | $2,356,200 |
Property Taxes
Parcel Number
5076-012-008
Land Assessment
$1,642,200
Improvements Assessment
$714,000
Total Assessment
$2,356,200
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