1309 North Edgemont Street

Los Angeles, CA 90027

$1,895,000
Price
8
Beds
4
Baths
5,544 Sq. Ft.
$342 / Sq. Ft.
5,544
Sq. Ft.
$342
per Sq. Ft.

Description

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...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.
  1. Listed by Gerardo Garcia Macias • DRE #02105347 • Brokerage DRE #02096423 • KASE Real Estate • 949-867-0007

Property Details for 1309 North Edgemont Street

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5544
Assessor Parcel Number
5543-021-005
Property Attached YN
true
LISTING UPDATED: 11/22/2024 04:07 AM

Property Details for 1309 North Edgemont Street

StatusActive
MLS #DW24235236
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.15 AC / 6,517 SF
CountyLos Angeles County

Building Information for 1309 North Edgemont Street

Stories2Residences-Year Built1925Building Size-Lot Size0.15 AC / 6,517 SF

Property Information for 1309 North Edgemont Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $78,325
  • Gross Scheduled Income: $78,325
  • Net Operating Income: $54,951
Expense Details
  • Operating Expense: $23,374
  • Gardener Expense: $1,573
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $6,197
  • Maintenance Expense: $3,336
  • Other Expense: $438
  • Other Expense Description: LAHD fee
  • Trash Expense: $1,217
  • Water Sewer Expense: $2,000
  • Total Expenses: $23,374
Tax / Assessment Info
  • Tax Tract Number: 191...
  • Tax Census Tract: 1912.01
  • CFD/Mello-Roos Fee: $793
  • Tax Lot: 59
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: front door
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway, Parking Space, Private
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Gravel, Paved, On Site, Parking Space, Private, See Remarks
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,345
  • Unit Type Total Rent: $16,142
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,345
  • Unit Type Total Rent: $16,142
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,920
  • Unit Type Total Rent: $23,049
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,916
  • Unit Type Total Rent: $22,992
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1309 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 1309 North Edgemont Street

Taxable ValueLand$545,249Additions$136,302Total$681,551
Tax Record2024$8,970 ($747 / month)
Home Facts
Total Finished SqFt5,544 SqFtAbove Grade Finished SqFt5,544 SqFtLot Size6,515 SqFtStyleQuadraplexYear Built1925ZoningLARD1.5CountyLOS ANGELESAPN5543-021-005

Schools near 1309 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
Ramona Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
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.

Similar Homes

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1309 North Edgemont Street is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on November 15, 2024 by KASE Real Estate, it's currently listed at $1,895,000. It has been on the market for a total of 35 days and was last sold on March 31, 2003. This listing's school district is Los Angeles Unified School District. Nearby schools include Ramona Elementary School, Joseph Le Conte Middle School and Helen Bernstein High School. 1309 North Edgemont Street is a 8-bed, 4-bath, 5,544 sqft multi-family home built in 1925.

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 KASE Real Estate, Gerardo Garcia Macias, DRE #02105347

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.