Los Angeles, CA 90006 976 Elden Avenue
$5,480,000
24 more
Presented By: Yeou-Shu Wang with IRN Realty; 626-327-4881
- MLS# AR25059023
- 03/19/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 36
Baths • 3
SQFT • 17,544
Garage • 20
Home Details
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.
Presented By: Yeou-Shu Wang with IRN Realty; 626-327-4881
Interior Features for 976 Elden Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, SeeRemarks
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 976 Elden Avenue
Additional Parcels Y/NNo
AppliancesBuiltInRange
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs
ContingencyDrive By Only. Do Not Disturb Residents or Manager. Any ? please text to L/A Susan 626-327-4881(text only). All offers must submitted with proof of funds using the CAR Form RIPA. Submit offer to susa
CoolingCentralAir
CountyLos Angeles
Current FinancingConventional
DirectionsNorth of Olympic Blvd.
ElectricStandard
Electric Expense4785.0
Electric On Property Y/NNo
Entry Locationon street
Fuel Expense5600.0
Garage Spaces20.0
Garage Y/NYes
Gross Income362786.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense25186.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet17105.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income171514.0
New ConstructionNo
Number Of Units Total20
Number of Units Leased20
Operating Expense191272.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, SecurityGate, GatedWithAttendant
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot108
Tenant PaysAllUtilities
Trash Expense10051.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected
ViewNone
Water Sewer Expense26878.0
Year Built1990
Year Built SourceAssessor
ZoningLAR4
Exterior for 976 Elden Avenue
Building Area Total17544.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesThirtySixToFortyUnitsAcre
Lot Size Acres0.3927
Lot Size Area17105.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters21
Number of Separate Gas Meters21
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesConvertedGarage, CommunityStructure
Private PoolNo
SpaNo
Total Parking20.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate