new - 2 days on rocket

308 E Edgeware Rd, Los Angeles, CA, 90026

$899,999

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Baths
1,058 SqFt
$851/SqFt
House

Location

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308 E Edgeware Rd, Los Angeles$899,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway, Private, Shared Driveway, Uncovered
Year Built1936
HeatingWall Furnace
BasementYes
FireplaceNone
MLS #24456443
Lot Size0.10 Acres
StatusActive

About 308 E Edgeware Rd

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.

Property Details

Property Features

Property Information:

  • Year Built: 1936
  • Stories: 0
  • Living Area: 1,058 SqFt

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (310) 595-3888
  • Listing Agent: Adam Armienta

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Driveway, Private, Shared Driveway, Uncovered

Lot Features

Lot Information:

  • Lot: Back Yard, Rectangular Lot
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

School Info

Assigned Schools Information:

  • Edward R. Roybal Learning Center, Public District Grades 9-12
  • Contreras Learning Center-Academic Leadership Community, Public District Grades 9-12
  • Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
  • Sal Castro Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Betty Plasencia Elementary School, Public Magnet Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,999
  • Price Per SqFt: $851/SqFt

Tax Information:

  • Annual Amount: $6,074
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

36

# of Sold Homes

1331

308 E Edgeware Rd vs Los Angeles

2 DAYS ON ROCKET

-34 Days

$899,999

-$112.4K Less

$851/SqFt

+$211 More

KEY TAKEAWAY

This property is $112.4K less than the Median Sold Price and $211/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24456443

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (310) 595-3888
  • Listing Agent: Adam Armienta

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: 10/27/2024, 12:55:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 11, 2016Home Sold
$180,000
Jul 16, 2013Home Sold
$305,000
Apr 05, 2001Home Sold
$128,500
Feb 19, 1998Home Sold
$113,000
Aug 12, 1992Home Sold
$490,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,074$497,500
2020$5,895$492,399
2019$5,834$482,745
2018$5,710$473,280
2017$5,710$464,000

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

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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.

Elementary School

school-card-donut-763552
4
/10

  • Betty Plasencia Elementary School

  • 1321 Cortez St

  • 0.15 miles

  • Public Magnet Grades KG-6

school-card-donut-763553
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 5.31 miles

  • Public Magnet Grades KG-6

school-card-donut-763554
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 23.83 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-763555
4
/10

  • Sal Castro Middle School

  • 1575 W 2nd St

  • 0.55 miles

  • Public District Grades 6-8

school-card-donut-763556
4
/10

  • Studio

  • 2211 W Avenue 30

  • 3.00 miles

  • Public District Grades 6-8

High School

school-card-donut-763557
5
/10

  • Edward R. Roybal Learning Center

  • 1200 Colton St

  • 0.17 miles

  • Public District Grades 9-12

school-card-donut-763558
3
/10

  • Contreras Learning Center-Academic Leadership Community

  • 322 Lucas Ave

  • 0.52 miles

  • Public District Grades 9-12

school-card-donut-763559
2
/10

  • Contreras Learning Center-Los Angeles School of Global St

  • 322 Lucas Ave

  • 0.52 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,802. The most common annual income of people living in Los Angeles, CA is less than $35k. The most common type of family is married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 308 E Edgeware Rd

What is the listing price of this property?

The listing price of 308 E Edgeware Rd property is $899,999.

What type of property is this?

The property 308 E Edgeware Rd is a house located in Los Angeles, California, 90026.

Is this property for sale now?

Active Listing: 308 E Edgeware Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 308 E Edgeware Rd are:
Betty Plasencia Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Sal Castro Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Edward R. Roybal Learning Center: GreatSchools Rating 5/10
Contreras Learning Center-Academic Leadership Community: GreatSchools Rating 3/10
Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,074 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 11, 2016 for $180,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 308 E Edgeware Rd has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 308 E Edgeware Rd is 1,058 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 308 E Edgeware Rd is 1936.

Rocket Homes›California›Los Angeles County›Los Angeles›90026›308 E Edgeware Rd

This home is located at 308 E Edgeware Rd in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This 1,058 square foot home, which was built in 1936, sits on a 0.10 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $899,999.

While more than 532 listings in Los Angeles, CA in September 2024 were sold above asking price, there were more than 180 listings sold at asking price, and more than 619 were sold below. The inventory of homes for sale in Los Angeles, CA between August 2024 and September 2024 increased by 10.6%. In September 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $1,012,476.

From Rocket Homes Real Estate and based on county public records data.

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