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175-179 N Edgemont St
Los Angeles, CA 90004
Edgemont Court · Multifamily Property For Sale · 12 Units

INVESTMENT HIGHLIGHTS

  • PRICED AT LAND VALUE FOR 2 CONTIGUOUS MASSIVE CORNER LOTS OF NEARLY 11,000 SQ, FT TOTAL .EXTRA WIDE FRONTAGE ON BOTH STREETS.
  • IMPRESSIVE EXISTING FRENCH NORMANDIE ARCHITECTURE. PRIDE OF OWNERSHIP WITH GATED ACCESS!
  • 14 GATED PARKING SPACES . 1 UNIT DELIVERED VACANT. +-26% IN UPSIDE RENTAL INCOME. MASTER METER FOR WATER & ELECTRICITY. SEPARATE METER FOR GAS.
  • PROPERTY ZONED LAR3 LOCATED IN OPPORTUNITY ZONE + BENEFIT OF A TOC TIER 3 OVERLAY + DENSITY BONUS FOR FUTURE DEVELOPMENT POTENTIAL.
  • EXCELLENT UNIT MIX OF CLOSE TO 600 SQ. FT. HUGE STUDIOS WITH DEN. ALL UNITS REMODELED W/WOOD FLOORING AND STAINLESS STEEL APPLIANCES.
  • GREAT TENANTS & ALL RENTS ARE PAID & UP TO DATE, NO DEFERRED RENT. BRING YOUR OFFERS: ALL CASH OFFERS WITH SHORT ESCROW PERIODS

PROPERTY FACTS

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 - 575 - 600

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5518-012-015
  • 5518-012-016
Land Assessment
$2,184,840
Improvements Assessment
$416,160
Total Assessment
$2,601,000
  • Listing ID: 26234979

  • Date on Market: 7/22/2022

  • Last Updated:

  • Address: 175-179 N Edgemont St, Los Angeles, CA 90004

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