175-179 N Edgemont St | Los Angeles, CA 90004
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- LoopNet Team
175-179 N Edgemont St
Los Angeles, CA 90004
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Location, Location, Location -Millennials choice apartment complex with amenity rich neighborhood : walk score of 88 !
- Large corner lot nearly 11,000 sq ft zoned LAR3 located in an Opportunity Zone + benefits from a TOC Tier 3 overlay for future development potential
- Excellent & Rare unit mix of x-large +-600 sq ft studios w/den 12 (0+1+D). All units remodelled w/ hardwood flooring and stainless steel appliances
- Pride of Ownership Property with Gated Access + 14 Gated Parking Spaces; 1 unit delivered vacant
- According to ownership All Tenants are paying and there is no deferred rent
- Value Add opportunity with tremendous upside in rental income +26%.
PROPERTY FACTS
| No. Units | 12 | Building Size | 7,312 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1940/2005 |
| Building Class | C | Parking Ratio | 1.91/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | R3, Los Angeles - Limited Density Multiple Residence | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 7,312 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2005 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | R3, Los Angeles - Limited Density Multiple Residence |
AMENITIES
UNIT AMENITIES
- Fireplace
- Ceiling Fans
- Hardwood Floors
- Den
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | 600 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $416,160 | |
| Land Assessment | $2,184,840 | Total Assessment | $2,601,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,184,840
Improvements Assessment
$416,160
Total Assessment
$2,601,000
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