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    1041 Elden Ave Los Angeles, CA 90006

    For Sale
    $1,995,000

    Income-generating triplex in Koreatown near USC & Downtown LA.

    Lot size:
    0.20 Acres

    Property Features for 1041 Elden Ave

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1915

    Source: Christina Kim, Broker Agent Christina Kim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Koreatown Triplex with Redevelopment Potential

    This income-generating triplex is located in prime Koreatown, near USC and Downtown Los Angeles, and offers a redevelopment opportunity. The property is situated on an 8700 sq ft lot with R4 zoning. This gated triplex includes a total of 24 bedrooms. The front home features 21 bedrooms, and the two rear units above a 3-car garage provide an additional 3 bedrooms. The property includes 10 parking spaces, including the 3-car garage, on-site laundry, and low-maintenance appeals. Currently, 6 rooms are vacant, offering immediate rental income potential. It is suited for investors and owner occupants looking to live in one unit and rent out the others, or developers seeking a high-demand multifamily or apartment project in a prime Koreatown location.
    Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.28791
    Latitude
    34.05123

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    FAQs

    What type of property is this?
    Triplex - Income-generating triplex in Koreatown near USC & Downtown LA.
    Where is this triplex located?
    The property is located at 1041 Elden Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Income-generating triplex in prime Koreatown location near USC & Downtown LA.; - Large 8700 sq ft lot with R4 zoning offers redevelopment potential.; - Features a total of 24 bedrooms across three units.
    (949) 371-5004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1041 Elden Ave Los Angeles, CA 90006
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