ParkingDriveway, Gravel, On Site, Paved, Private, One Space, See Remarks
Year Built1925
MLS #DW24235236
Lot Size0.15 Acres
StatusActive
About 1309 N Edgemont St
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 Details
Property Features
Property Information:
Year Built: 1925
Stories: 2
Listing Office:
Office Name: KASE Real Estate
Office Phone: (949) 867-0007
Listing Agent: Gerardo Garcia Macias
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Driveway, Gravel, On Site, Paved, Private, One Space, See Remarks
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Other
Directions Information:
Directions: left side of edgemont st
Price Information
Listing Price Info
Price Summary:
List Price: $1,895,000
Tax Information:
Annual Amount: $8,289
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $873.4K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #DW24235236
Listing Office:
Office Name: KASE Real Estate
Office Phone: (949) 867-0007
Listing Agent: Gerardo Garcia Macias
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/20/2024, 12:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 31, 2003
Mar 31, 2003Home Sold
$480,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$8,289
$642,243
2020
$8,051
$635,658
2019
$7,922
$623,195
2018
$7,757
$610,977
2017
$7,757
$598,998
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Ramona Elementary
1133 N Mariposa Ave
Distance between this listing and this school0.35 miles
Public District Grades KG-6
5
/10
Kingsley Elementary School
5200 Virginia Ave
Distance between this listing and this school0.47 miles
Public District Grades KG-5
7
/10
Los Feliz STEMM Magnet School
1740 N New Hampshire Ave
Distance between this listing and this school0.52 miles
Public Magnet Grades KG-6
Nearby Schools
6
/10
Thomas Starr King Middle School
4201 Fountain Ave
Distance between this listing and this school0.89 miles
Public Magnet Grades 6-8
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school1.21 miles
Public District Grades 6-8
5
/10
Virgil Middle School
152 N Vermont Ave
Distance between this listing and this school1.54 miles
Public District Grades 6-8
Nearby Schools
2
/10
Helen Bernstein High School
1309 N Wilton Pl
Distance between this listing and this school1.00 miles
Public District Grades 9-12
7
/10
STEM Academy of Hollywood
1309 N Wilton Pl
Distance between this listing and this school1.00 miles
Public District Grades 9-12
3
/10
Apex Academy
1309 N Wilton Pl Fl 3
Distance between this listing and this school1.00 miles
The neighbors living near this home have an average income of $29,583. Most Los Angeles, CA residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
This home is located at 1309 N Edgemont St in Los Angeles, CA and zip code 90027 in the Central LA neighborhood. This home, which was built in 1925, sits on a 0.15 acre lot. It has been listed on Rocket Homes since November 16, 2024 and is currently priced at $1,895,000.
In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.
From Rocket Homes Real Estate and based on county public records data.