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Value Add 5 Unit WeHo Adj | 2BR Unit Vacant 829 N Edinburgh Ave 5 Unit Apartment Building $1,999,000 ($399,800/Unit) Los Angeles, CA 90046
INVESTMENT HIGHLIGHTS
- 5 Unit Apartment Building in Prime West Hollywood Adj: Excellent Unit Mix - (4) 1BR/1 BTHS, and (1) 2BRS/1.75BTHS.
- ADU Potential: As all of the 3 garages are not being used by any tenants they could potentially be turned into ADUs. Please check with city
- Current property rents approximately 38% under market.
- Three Separate Garages, incl one double car garage. A new owner could generate additional income for renting these as dedicated parking or storage
- Units are Separately Metered for Electricity and Gas, and tenants are responsible for Waste.
- Excellent Demographics and dense infill area with Average Household Income over $160,720 and Median Housing Value of $1,410,000 in a one mile radius.
EXECUTIVE SUMMARY
Contact Broker for OM.
Oakmore Inc., on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest of 829 N Edinburgh Ave, Los Angeles, CA 90046 (the “Property”). The Property consists of a ±3,943 SF building on a ±0.15 acre (±6,550 SF) parcel of land. The Property comprises 5 units: (4) 1 bedroom 1 bath units, and (1) 2 bedroom and 1.75 bath unit….and the 2 bedroom unit will be delivered vacant to allow a buyer to capture market rent. In fact, all units are significantly under market, making this a true value add proposition.
The Property boasts an outstanding location, mere steps from West Hollywood, two blocks east of Crescent Heights Blvd and a block and a half north of Melrose, one of the most trendiest locations in Los Angeles.
Nestled just blocks away from the prime strip of the bustling Santa Monica Boulevard, the Property affords excellent proximity to iconic entertainment, dining, and retail establishments. Santa Monica Blvd is a major thoroughfare and boasts several national retailers and artisan stores, providing easy access to neighborhood amenities for the area’s residents. The Property boasts a walk score of 95/100, so most errands can be accomplished on foot.
Rarely does an investor have the chance to acquire a multi-family property of such distinction in a prime Los Angeles location. 829 N Edinburgh Ave is more than just a property; it's a generational investment opportunity in one of Los Angeles' most desirable neighborhoods. This exclusive offering provides unparalleled potential and long-term appreciation.
Don't miss this exclusive opportunity.
Oakmore Inc., on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest of 829 N Edinburgh Ave, Los Angeles, CA 90046 (the “Property”). The Property consists of a ±3,943 SF building on a ±0.15 acre (±6,550 SF) parcel of land. The Property comprises 5 units: (4) 1 bedroom 1 bath units, and (1) 2 bedroom and 1.75 bath unit….and the 2 bedroom unit will be delivered vacant to allow a buyer to capture market rent. In fact, all units are significantly under market, making this a true value add proposition.
The Property boasts an outstanding location, mere steps from West Hollywood, two blocks east of Crescent Heights Blvd and a block and a half north of Melrose, one of the most trendiest locations in Los Angeles.
Nestled just blocks away from the prime strip of the bustling Santa Monica Boulevard, the Property affords excellent proximity to iconic entertainment, dining, and retail establishments. Santa Monica Blvd is a major thoroughfare and boasts several national retailers and artisan stores, providing easy access to neighborhood amenities for the area’s residents. The Property boasts a walk score of 95/100, so most errands can be accomplished on foot.
Rarely does an investor have the chance to acquire a multi-family property of such distinction in a prime Los Angeles location. 829 N Edinburgh Ave is more than just a property; it's a generational investment opportunity in one of Los Angeles' most desirable neighborhoods. This exclusive offering provides unparalleled potential and long-term appreciation.
Don't miss this exclusive opportunity.
PROPERTY FACTS
| Price | $1,999,000 | Building Class | C |
| Price Per Unit | $399,800 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,943 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment | Parking Ratio | 1.52/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 | ||
| Price | $1,999,000 |
| Price Per Unit | $399,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,943 SF |
| No. Stories | 2 |
| Year Built | 1938 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
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Value Add 5 Unit WeHo Adj | 2BR Unit Vacant | 829 N Edinburgh Ave
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