1309 N Edgemont Street

Los Angeles, CA 90027

  • 8 Bed(s)
  • 4 Bath(s)
  • 5,544 Sqft
  • 6517
    Sqft(Lot)
$1,895,000

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 part of hollywood, this quadruplex is a prime opportunity for investors looking to add substantial value to their portfolio. whether you’re seeking a high-demand location for stable income or a property with tremendous growth potential, this offering is one you simply cannot afford to overlook. don’t wait — this is the investment that could define your future success. act now and seize the opportunity before someone else does, or regret it for the rest of your life.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47658197

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1925
    • Building Area Total: 5,544

    Pool Features

    • None

    Laundry Features

    • Laundry Room

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1496
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6517

  • Listing Price Information

    • Original List Price: 1,895,000
    • Listing Contract Date: 2024-11-15

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5543021005

  • Garage and Parking

    • Garage Description: Driveway,Gravel,On Site,Paved,Private,One Space,See Remarks

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C20 - Hollywood
    • Postal Code Plus 4: 5911
    • Directions: left side of edgemont st
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C20 - Hollywood
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 99
    • Common Walls: 1 Common Wall
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: front door
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/21/2024 @ 18:22

  • MLS: DW24235236
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 5,544 sqft, 6,517 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90027, this Los Angeles County Home are nearby neighborhoods.