976 Elden Avenue, Los Angeles, CA 90006

$4,550,000

$5,480,000 17.0%

Est. payment - /mo

3 Beds

3 Baths

UPDATED:

Key Details

Sold Price $4,550,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR25059023

Sold Date 07/01/25

Bedrooms 3

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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction North of Olympic Blvd.

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5076004023

Read Less Info

Listed by Yeou-Shu Wang IRN Realty
Bought with NONE NONE None MRML

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976 Elden Avenue Los Angeles, CA 90006