$ 1,895,000
1309 N Edgemont Street Los Angeles, CA 90027
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$ 1,895,000
Est. payment | /mo
8 Beds
5,544 SqFt
$ 1,895,000
Est. payment | /mo
8 Beds
5,544 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,544 sqft
Price per Sqft $341
MLS Listing ID CRDW24235236
Bedrooms 8
HOA Y/N No
Year Built 1925
Lot Size 6,517 Sqft
Acres 0.15
Property Description
Incredible Quadruplex Investment Opportunity in the Heart of Hollywood. This is your chance to secure a prime multi-family property in one of Los Angeles' most sought-after neighborhoods, offering unbeatable potential for both stable income and long-term appreciation. Located near the vibrant hubs of Los Feliz, Silver Lake, Westlake, and Koreatown, this quadruplex provides the ultimate combination of location, value, and upside potential — a rare find in today's competitive market. The property boasts a total of 5,544 square feet, with each of the four spacious units measuring 1,386 square feet. Each unit is thoughtfully designed with 2 bedrooms and 1 bathroom, offering tenants a comfortable and well-appointed living space. Every unit also includes a private laundry area for added convenience, along with 2 dedicated parking spaces, ensuring tenant satisfaction and retention. Currently generating a robust Net Operating Income (NOI) of $54,951 annually, the property is listed at $1,895,000, resulting in an impressive Cap Rate of 2.9%. However, this is only the beginning—there is a 40% upside potential on the rents, providing substantial opportunity to increase cash flow and significantly boost your returns. With the demand for rental properties at an all-time high in this thriv
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Fireplace No
Laundry Laundry Room
Exterior
Exterior Feature Other
Building
New Construction No
Others
Tax ID 5543021005
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Gerardo Garcia Macias • KASE Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "