976 Elden Avenue, Los Angeles, CA 90006
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- MLS#: AR25059023 ( Apartment )
- Street Address: 976 Elden Avenue
- Viewed: 2
- Price: $5,480,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1990
- Bldg sqft: 0
- Days On Market: 15
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90006
- Provided by: IRN Realty
- Contact: Yeou-Shu Yeou-Shu
- DMCA Notice
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DescriptionExcellent 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 (18) two bedroom / two bathroom units, and (2) 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 & 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.
Property Location and Similar Properties
Features
Appliances
- Built-In Range
Assessments
- Unknown
Association Fee
- 0.00
Building Area Total
- 17544.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- Central Air
Country
- US
Days On Market
- 10
Current Financing
- Conventional
Electric
- Standard
Electric Expense
- 4785.00
Entry Location
- on street
Fireplace Features
- None
Flooring
- Laminate
- See Remarks
Fuel Expense
- 5600.00
Garage Spaces
- 20.00
Gardner Expense
- 1720.00
Heating
- Central
Insurance Expense
- 25186.00
Laundry Equipment Own Lease
- Lease
Laundry Features
- Community
Levels
- Two
Lockboxtype
- None
Lot Features
- 36-40 Units/Acre
Netoperatingincome
- 177571.00
Number Of Separate Electric Meters
- 20
Number Of Separate Gas Meters
- 20
Number Wallac
- 20
Number With Dishwasher
- 20
Number With Disposal
- 20
Number With Range
- 20
Parcel Number
- 5076004023
Parking Features
- Community Structure
- Converted Garage
Pool Features
- None
Professionalmanagementexpense
- 16000.00
Property Type
- Apartment
Security Features
- Gated with Attendant
- Automatic Gate
- Carbon Monoxide Detector(s)
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 434361042:CRM
Spa Features
- None
Tenant Pays
- All Utilities
Totalexpenses
- 165305.00
Trash Expense
- 10051.00
Utilities
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
View
- None
Water Sewer Expense
- 26878.00
Water Source
- Public
Year Built
- 1990
Year Built Source
- Assessor
Zoning
- LAR4