$1,895,000
1309 Edgemont Street, Los Angeles 90027
8
Beds
4
Baths
6,517
Lot Size
4
# Of Units
Listing Agent
Gerardo Garcia Macias - KASE Real EstateIncredible 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.
Facts & Features
MLS® # | DW24235236 |
---|---|
Price | $1,895,000 |
Bedrooms | 8 |
Bathrooms | 4.00 |
Lot Size | 6,517 |
Year Built | 1925 |
Type | Residential Income |
Sub-Type | Quadruplex |
Status | Active |
# Of Units | 4 |
Community Information
Address | 1309 Edgemont Street |
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Area | C20 - Hollywood |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90027 |
Amenities
Parking | Driveway, On Site, Paved, Private, One Space, See Remarks, Gravel |
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Garages | Driveway, On Site, Paved, Private, One Space, See Remarks, Gravel |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Exterior
Lot Description | TwoToFiveUnitsAcre |
---|
Additional Information
Date Listed | November 15th, 2024 |
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Days on Market | 18 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Gerardo Garcia Macias |
---|---|
Office | KASE Real Estate |