1 month on rocket

1309 N Edgemont St, Los Angeles, CA, 90027

$1,895,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1309 N Edgemont St, Los Angeles$1,895,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
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.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1309 N Edgemont St vs Los Angeles

34 DAYS ON ROCKET

-4 Days

$1,895,000

+$873.4K More

KEY TAKEAWAY

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

IDX 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

Mar 31, 2003Home Sold
$480,000

Tax History

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$9,525

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,748

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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.

Nearby Schools

school-card-donut-498422
3
/10
  • Ramona Elementary

  • 1133 N Mariposa Ave

  • 0.35 miles

  • Public District Grades KG-6

school-card-donut-498423
5
/10
  • Kingsley Elementary School

  • 5200 Virginia Ave

  • 0.47 miles

  • Public District Grades KG-5

school-card-donut-498424
7
/10
  • Los Feliz STEMM Magnet School

  • 1740 N New Hampshire Ave

  • 0.52 miles

  • Public Magnet Grades KG-6

Neighborhood

What Are The Neighbors Like?

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.

All data provided by Home Junction and Claritas


Rocket HomesCaliforniaLos Angeles CountyLos Angeles900271309 N Edgemont St

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.

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