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$ 1,895,000
Est. payment /mo
Active
1309 N Edgemont ST Los Angeles, CA 90027
6,517 Sqft Lot
UPDATED:
11/22/2024 07:08 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW24235236
Originating Board California Regional MLS
Year Built 1925
Lot Size 6,517 Sqft
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 thriving
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Laundry In Laundry Room
Exterior
Parking Features Private / Exclusive, Common Parking Area, Other, Parking Area
Pool None
Building
Water District - Public
Others
Tax ID 5543021005
Special Listing Condition Not Applicable
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Listed by Gerardo Garcia Macias • KASE Real Estate