308 East Edgeware Road

Los Angeles, CA 90026

$899,999
Price
2
Beds
2
Baths
1,058 Sq. Ft.
$851 / Sq. Ft.
1,058
Sq. Ft.
$851
per Sq. Ft.

Description

This income producing duplex in Echo Park consists of two detached units and presents a fantastic investment opportunity. It features a tenant-occupied front unit which provides immediate cash flow and a vacant back unit that is a blank canvas. The back unit has been taken down to the studs and is ready for your vision. The front unit offers reliable income with its one bedroom and one bathroom layout, while the back unit allows for significant renovation potential, ideal for savvy investors or flippers...This income producing duplex in Echo Park consists of two detached units and presents a fantastic investment opportunity. It features a tenant-occupied front unit which provides immediate cash flow and a vacant back unit that is a blank canvas. The back unit has been taken down to the studs and is ready for your vision. The front unit offers reliable income with its one bedroom and one bathroom layout, while the back unit allows for significant renovation potential, ideal for savvy investors or flippers looking to maximize their return. The front unit has the same layout as the back unit, but the front unit is complete with reliable tenants. This property could become a positive cash flowing property once the back unit has been repaired and both units have tenants are market value. With separate entrances for privacy and a gated entry, this property is a prime opportunity to enhance your real estate portfolio. It is also located in a desirable neighborhood with strong rental demand. Don't miss out on the opportunity to secure this value-add property in the heart of one of the most up and coming neighborhoods of Los Angeles.
  1. Listed by Adam Armienta • DRE #02139042 • Brokerage DRE #01883938 • Douglas Elliman

Property Details for 308 East Edgeware Road

Zoning
LACW
Parcel Number
5160020038
Total Units
2.0
Living Area
1058
Source Living Area
Assessor
Area
Silver Lake (671)
Vacancy Rate
0.5
Lot Size Area
4179
LISTING UPDATED: 11/01/2024 12:01 AM

Property Details for 308 East Edgeware Road

StatusActive
MLS #24-456443
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1936
Lot Size0.10 AC / 4,179 SF
CountyLos Angeles County

Building Information for 308 East Edgeware Road

Stories-Residences-Year Built1936Building Size-Lot Size0.10 AC / 4,179 SF

Property Information for 308 East Edgeware Road

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Detached
  • Security Features: Gated
  • Property Condition: Fixer, Repairs Major, Under Construction
  • Water: Public
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $21,000
  • Net Operating Income: $21,000.00
  • Gross Income: $21,000
  • Gross Rent Multiplier: $42.80
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.0959
  • Lot Size Square Feet: 4179
  • Lot Features: Rectangular Lot, Back Yard
  • Lot Description: Fenced, Lot Shape-Rectangular, Lot-Level/Flat, Single Lot, Back Yard
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Driveway, Driveway Gate, Uncovered, Shared Driveway, Private
  • Total Parking: 4
  • Covered Parking: 0
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Parking Features: Driveway, Uncovered, Shared Driveway, Private
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Room Type: Living Room, Basement
  • Rooms: Living Room, Dining Area, Basement
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Interior Features: Basement, Detached/No Common Walls
  • Room Kitchen Features: Kitchen Open to Family Room
  • Kitchen Features: Open to Family Room
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-24-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $156,172.00
  • Assessed Improvement Percent: 30.17
  • Assessed Land Value: $361,425.00
  • Assessed Land Percent: 69.83
  • Assessed Total Value: $517,597.00

Property History for 308 East Edgeware Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 308 East Edgeware Road

Taxable ValueLand$368,653Additions$159,295Total$527,948
Tax Record2024$6,569 ($547 / month)
Home Facts
Total Finished SqFt1,058 SqFtAbove Grade Finished SqFt1,058 SqFtLot Size4,177 SqFtStyleDuplexYear Built1936ZoningLACWCountyLOS ANGELESAPN5160-020-038

Schools near 308 East Edgeware Road

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
Betty Plasencia Elementary School
PublicK to 5

Sal Castro Middle School
Public6 to 8

Belmont Senior High School
Public9 to 12

Miguel Contreras Learning Complex 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.

Similar Homes

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308 East Edgeware Road is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on October 24, 2024 by Douglas Elliman, it's currently listed at $899,999. It has been on the market for a total of 29 days and was last sold on August 5, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Betty Plasencia Elementary School, Sal Castro Middle School and Belmont Senior High School. 308 East Edgeware Road is a 2-bed, 2-bath, 1,058 sqft multi-family home built in 1936.

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 Douglas Elliman, Adam Armienta, DRE #02139042

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.