1309 North Edgemont Street
$1,895,000
8
4
5,544
5,544
$342
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.
- 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 PoolNo
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Living Area5544
Assessor Parcel Number5543-021-005
Property Attached YNtrue
LISTING UPDATED: 11/22/2024 04:07 AM
Property Details for 1309 North Edgemont Street
Status | Active |
---|---|
MLS # | DW24235236 |
Days on Market | 35 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1925 |
Lot Size | 0.15 AC / 6,517 SF |
County | Los 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
Property History for 1309 North Edgemont Street
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 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.
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