1051 North Edinburgh Avenue
$2,995,000
—
37,316
37,316
$80
Description
New $605,000 Price Adjustment. $1,005,000 Total Adjustment. We are pleased to present the exclusive listing of a by right development opportunity. 1051 N Edinburgh Ave is a prime West Hollywood location nestled south of Santa Monica Blvd, east of Crescent Heights and west of Fairfax Ave. The proposed development project consists of 28 Market rate units and 7 affordable units, totaling 35 Units, within 37,316 sqft of gross floor area on 6,532 sqft of land & one level subterranean with the ability...New $605,000 Price Adjustment. $1,005,000 Total Adjustment. We are pleased to present the exclusive listing of a by right development opportunity. 1051 N Edinburgh Ave is a prime West Hollywood location nestled south of Santa Monica Blvd, east of Crescent Heights and west of Fairfax Ave. The proposed development project consists of 28 Market rate units and 7 affordable units, totaling 35 Units, within 37,316 sqft of gross floor area on 6,532 sqft of land & one level subterranean with the ability to do automated parking for a total of 22 spaces. The Development project was submitted prior to West Hollywood's compliance of their housing element and is one of only four projects in the city that were submitted under the Housing Accountability Actsection of the California Government Code that has been colloquially labeled the Builder's Remedy. The project can be designed as anything between 25 and 35 units so long as 20% of the total are affordable or does not veer 20% or more from the square footage of the submitted SB330 Application (CA Building Code Square Footage)Per Costar, there are 10 projects under construction consisting of 5-43units within .4 miles of Edinburgh. Even if you reduced the density to25 units to achieve larger units, 1051 n Edinburgh would have the 2ndlargest unit count of the under-construction projects allowing for a valuable mid-size asset in a superb location. Additionally, there were only 6 projects that have been completed within mile of the subject property in the last 5 years. Introducing only 171 new units to cater to those who want to live the sought-after West Hollywood lifestyle. Upon completion, new construction projects are primed to command top rentals seen by the six (6) new construction projects recently completed. The existing improvements consist of a duplex comprised of two separate structures with a 2+1 and a 1+1 built in 1923 situated on a 6,532 square foot lot, delivered vacant at close of escrow. Buyer to verify all information including but not limited to proposed development unit count and SF independently and with listing broker
- Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #00530854 • Marcus & Millichap
- Listed by Adam Kanizo • DRE #02008361 • Brokerage DRE #01242007 • LND Realty
Property Details for 1051 North Edinburgh Avenue
Parking Spaces Total
22
Total Units35.0
Building Area Total37316
Stories Total8
Association Fee$.00
ZoningWDR3C*
Parcel Number5529015048
AreaWest Hollywood Vicinity (C10)
Property Details for 1051 North Edinburgh Avenue
Status | Active |
---|---|
MLS # | 23326179 |
Days on Market | 492 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Other |
MLS Type | Commercial Sale |
Year Built | 2025 |
Lot Size | 0.15 AC / 6,534 SF |
County | Los Angeles County |
Building Information for 1051 North Edinburgh Avenue
Stories8Residences-Year Built2025Lot Size0.15 AC / 6,534 SF
Property Information for 1051 North Edinburgh Avenue
Property History for 1051 North Edinburgh Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1051 North Edinburgh Avenue
Taxable ValueLand$1,060,800Additions$367,200Total$1,428,000
Tax Record2024$18,270 ($1,523 / month)
Home Facts
Total Finished SqFt1,815 SqFtAbove Grade Finished SqFt1,815 SqFtLot Size6,532 SqFtStyleDuplexYear Built1923ZoningWDR3C*CountyLOS ANGELESAPN5529-015-048
Schools near 1051 North Edinburgh Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Laurel Elementary School PublicK to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
West Hollywood Opportunity School Public7 to 12 | ||
Whitman Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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