122 North Edgemont Street

Los Angeles, CA 90004

$1,299,000
Price
7
Beds
4
Baths
4,228 Sq. Ft.
$307 / Sq. Ft.
4,228
Sq. Ft.
$307
per Sq. Ft.

Description

Delivered with one 2+1 unit vacant at COE! Prime historic fourplex at 122 N. Edgemont St. in the Koreatown submarket of Los Angeles. Four spacious units with hardwood flooring, formal dining rooms and historic charm. Each unit is separately metered for gas and electricity with individual garages in rear. Incredible location between Beverly Blvd. and 1st Street walkable to dining, retail and transit. Priced at 4.5% cap rate, perfect for investors or an owner-occupant.Delivered with one 2+1 unit vacant at COE! Prime historic fourplex at 122 N. Edgemont St. in the Koreatown submarket of Los Angeles. Four spacious units with hardwood flooring, formal dining rooms and historic charm. Each unit is separately metered for gas and electricity with individual garages in rear. Incredible location between Beverly Blvd. and 1st Street walkable to dining, retail and transit. Priced at 4.5% cap rate, perfect for investors or an owner-occupant.
  1. Listed by Adam Peterson • DRE #01815802 • Brokerage DRE #00868409 • CB Richard Ellis, Inc.

Property Details for 122 North Edgemont Street

Zoning
LAR3
Cross Streets
Beverly Blvd. and 1st St.
Parcel Number
5518016007
Total Units
4.0
Living Area
4228
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
25%
LISTING UPDATED: 12/19/2024 12:01 AM

Property Details for 122 North Edgemont Street

StatusActive
MLS #24-471343
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.12 AC / 5,102 SF
CountyLos Angeles County

Building Information for 122 North Edgemont Street

Stories2Residences-Year Built1927Building Size-Lot Size0.12 AC / 5,102 SF

Property Information for 122 North Edgemont Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1BD, 2BD
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $93,222
  • Net Operating Income: $58,775.00
  • Gross Income: $96,105
  • Cap Rate: 4.52%
  • Gross Rent Multiplier: $13.52
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 34447
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1171
  • Lot Size Square Feet: 5102
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached, Garage - 4+ Car
  • Total Parking: 6
  • Covered Parking: 4
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 4
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 12-11-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,346.60
  • Unit Actual Rent: $1,347.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,220.70
  • Unit Actual Rent: $8,985.00
  • Unit Projected Rent: $6,662.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $437,457.00
  • Assessed Improvement Percent: 26.67
  • Assessed Land Value: $1,203,009.00
  • Assessed Land Percent: 73.33
  • Assessed Total Value: $1,640,466.00

Property History for 122 North Edgemont Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 122 North Edgemont Street

Taxable ValueLand$1,227,069Additions$446,206Total$1,673,275
Tax Record2024$20,659 ($1,722 / month)
Home Facts
Total Finished SqFt4,228 SqFtAbove Grade Finished SqFt4,228 SqFtLot Size5,100 SqFtStyleQuadraplexYear Built1927ZoningLAR3CountyLOS ANGELESAPN5518-016-007

Schools near 122 North Edgemont Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Frank Del Olmo Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community 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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122 North Edgemont Street is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on December 11, 2024 by CB Richard Ellis, Inc., it's currently listed at $1,299,000. It has been on the market for a total of 10 days and was last sold on May 21, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Frank Del Olmo Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 122 North Edgemont Street is a 7-bed, 4-bath, 4,228 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB Richard Ellis, Inc., Adam Peterson, DRE #01815802

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.