1309 N Edgemont Street
Los Angeles, CA 90027
- – beds
- – baths
- – sqft
- 6,517 sqft lot
- 1925 build
- – on site
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.
Last checked:
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Last updated Nov 22, 2024
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MLS# DW24235236 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1925
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:5544.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:1 Common Wall
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:4
Interior
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Levels:Two
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Entry Location:front door
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Laundry:Individual Room
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Laundry:1
Location
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Directions:left side of edgemont st
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Latitude:34.09578800
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Longitude:-118.29642800
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LARD1.5
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Lot Features:2-5 Units/Acre
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Lot Size Area:6517.0000
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Lot Size Acres:0.1496
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Lot Size SqFt:6517.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:1912.01
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Tax Tract:191...
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Tax Lot:59
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5543021005
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Curbs, Sidewalks, Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Driveway, Gravel, Paved, On Site, Parking Space, Private, See Remarks
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/15/24
Nov 15, 2024
|
Listed / Active | CRMLS_CA | $1,895,000 | |
|
6/13/24
Jun 13, 2024
|
Listed / Active | BRIDGE |
