CA > Los Angeles
Los Angeles, CA 90027,1309 N Edgemont ST
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Los Angeles, CA 90027,1309 N Edgemont ST
Los Angeles, CA 90027,1309 N Edgemont ST
Los Angeles, CA 90027,1309 N Edgemont ST
Los Angeles, CA 90027,1309 N Edgemont ST
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John Hickey

John Hickey

+1(818) 434-6696
$ 1,895,000
Est. payment /mo
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1309 N Edgemont ST Los Angeles, CA 90027

6,516 Sqft Lot

UPDATED:

11/16/2024 04:32 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW24235236

HOA Y/N No

Year Built 1925

Lot Size 6,516 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 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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Interior

Fireplace No

Laundry Laundry Room

Exterior

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

Pool None

Community Features Curbs, Street Lights, Sidewalks

Parking Type Driveway, Gravel, On Site, Paved, Private, One Space, See Remarks

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5543021005

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Gerardo Garcia Macias • KASE Real Estate • 949-867-0007

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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1309 N Edgemont ST