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308 E Edgeware Road

Los Angeles, CA 90026

– beds
– baths
– sqft
4,179 sqft lot
1936 build
– on site

This income producing duplex in Echo Park consists of two detached units and presents a fantastic investment opportunity. It features a tenant-occupied front unit which provides immediate cash flow and a vacant back unit that is a blank canvas. The back unit has been taken down to the studs and is ready for your vision. The front unit offers reliable income with its one bedroom and one bathroom layout, while the back unit allows for significant renovation potential, ideal for savvy investors or flippers looking to maximize their return. The front unit has the same layout as the back unit, but the front unit is complete with reliable tenants. This property could become a positive cash flowing property once the back unit has been repaired and both units have tenants are market value. With separate entrances for privacy and a gated entry, this property is a prime opportunity to enhance your real estate portfolio. It is also located in a desirable neighborhood with strong rental demand. Don't miss out on the opportunity to secure this value-add property in the heart of one of the most up and coming neighborhoods of Los Angeles.

Listed By CRMLS_CA / Adam Armienta / Douglas Elliman

Last checked: Checking… • Last updated Nov 1, 2024 •

MLS# 24456443 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1936
Year Built Source:

Assessor
New Construction:

No
Common Walls:

No Common Walls
Building Area Total:

1058.00
# of Buildings:

2
Total Number Of Units:

2

Interior

Levels:

One
Entry Location:

Ground Level w/steps
Room Type:

Living Room, Basement
Fireplace:

No
Fireplace:

None

Location

Directions:

Head west on Temple Street. Turn left onto E Edgeware Road.
Latitude:

34.06411700
Longitude:

-118.25597200

The Property

Property Type:

Residential Income
Property Condition:

Fixer, Repairs Major, Under Construction
Zoning:

LACW
Lot Features:

Rectangular Lot, Back Yard
Lot Size Area:

4179.0000
Lot Size Acres:

0.0959
Lot Size SqFt:

4179.00
Lot Size Source:

Assessor
Security Features:

Gated Community
Additional Parcels:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5160020038

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Appliances

Included:

Yes

The Community

Senior Community:

No
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Driveway, Uncovered, Shared Driveway, Private
Parking Spaces:

4.00
Uncovered Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/24/24 Oct 24, 2024	Listed / Active	CRMLS_CA	$899,999	195.1% (17.3% / YR)
8/4/23 Aug 4, 2023	Listed / Active	CRMLS_CA
6/5/23 Jun 5, 2023	Listed / Active	BRIDGE

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This multifamily located in Central LA, Los Angeles, CA 90026 is currently for sale for $899,999. 308 E Edgeware Road is a – square foot multifamily with – beds and – baths that has been on Estately for 11 days. 308 E Edgeware Road is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 86, making it very walkable. This multifamily is in the attendance area of Sal Castro Middle School, Miguel Contreras Learning Complex - Business And Tourism, Betty Plasencia Elementary School, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Belmont Senior High School, Edward R. Roybal Learning Center, Miguel Contreras Learning Complex - School Of Social Justice, and Ramon C Cortines School Of Visual And Performing Arts.

Listing Courtesy of: CRMLS_CA and Douglas Elliman. Based on information from California Regional Multiple Listing Service, Inc. as of 23:52 on Nov 04.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.