1133 Elden Avenue, Los Angeles, CA 90006

About this property

I am pleased to offer for sale a five-unit apartment community located at 1133 Elden Avenue. The subject property is located just south of Olympic Boulevard near Koreatown. Situated on an 8,354 square foot parcel, the property is comprised of one single, two one-bedroom units, one two-bedroom unit and one three-bedroom unit. Originally built in 1902, the subject property features large spacious units and on-site laundry. The property has 48% remaining rental upside through unit renovations. The subject property also presents an opportunity for development-minded investors. The 8,354 square foot parcel is zoned LAR4 and Tier 3 Transit Oriented Community (TOC). The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate unit interiors and achieve superior future returns moving forward makes 1133 Elden an excellent acquisition opportunity.

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$1,445,000

Sold February 2023 · listed $1,500,000, on market January 2023 · MLS #23232039 · Source: CRMLS

Listing Agent: Sean Rosenzweig · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Sean Rosenzweig · Marcus & Millichap

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