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1236 N Edgemont St

Los Angeles, CA 90029
  • $2,350,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 21-787180
UPDATED: 29 min ago
$2,350,000
  • 11
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,820
    SQFT
  • $488
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:
Area:

School Ratings & Info

Description

1236 North Edgemont Street is a charming five (5) unit property located in East Hollywood. The 4,820 square foot property is located on a HUGE 14,459 square foot lot zoned LAR3 in TOC Tier 3. Eighteen (18) units can be built by right, and up to thirty (30) units can be built with the TOC density bonus (BUYER TO VERIFY) or ADUs may be added in the rear. The property is made up of four (4) cottage style two bedroom, one bath units that have formal dining areas and their own private yards and in-unit washer & dryer units. There is one three bedroom one and a half two story unit and AMPLE parking available for all. The current owner has maintained the property well, replacing all plumbing to copper and updating all roofs. Each unit is separately metered for gas and electricity, and has its own H2O heater, keeping expenses low. The property is very well located just South of Fountain Ave. and West of Vermont Ave, in the East Hollywood area, adjacent to Virgil Village. It's within close proximity to everything Hollywood and Los Feliz have to offer; like Square One, The Good Good, Melody, Found Oyster, Friends & Family, and many other restaurants & bars! Moreover, the property is just minutes away from the 101 freeway and has many nearby public transportation options. This location is deemed a walkers paradise with a walk score of 93 out of 100, given its close proximity to restaurants, grocery stores, and every day necessities. Kaiser Permanente Hospital, Childrens Hospital and Los Angeles City College (LACC) are within one mile of the property as well as many Studios providing many local employment opportunities in the local area. Please note two adjacent lots are included in this sale APN: 5540-012-015 & 5540-012-017. Please do not disturb tenants!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T09:42:38.13. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/121874177
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1236 N Edgemont St Los Angeles, CA 90029

  • Price: $2,350,000
  • Status: Active
  • Updated: 29 min ago
  • MLS #: 21-787180
11
Beds
0
Baths
0
½ Baths
0.26
Acres
4,820
SQFT
$488
$/SQFT
1948
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
1236 North Edgemont Street is a charming five (5) unit property located in East Hollywood. The 4,820 square foot property is located on a HUGE 14,459 square foot lot zoned LAR3 in TOC Tier 3. Eighteen (18) units can be built by right, and up to thirty (30) units can be built with the TOC density bonus (BUYER TO VERIFY) or ADUs may be added in the rear. The property is made up of four (4) cottage style two bedroom, one bath units that have formal dining areas and their own private yards and in-unit washer & dryer units. There is one three bedroom one and a half two story unit and AMPLE parking available for all. The current owner has maintained the property well, replacing all plumbing to copper and updating all roofs. Each unit is separately metered for gas and electricity, and has its own H2O heater, keeping expenses low. The property is very well located just South of Fountain Ave. and West of Vermont Ave, in the East Hollywood area, adjacent to Virgil Village. It's within close proximity to everything Hollywood and Los Feliz have to offer; like Square One, The Good Good, Melody, Found Oyster, Friends & Family, and many other restaurants & bars! Moreover, the property is just minutes away from the 101 freeway and has many nearby public transportation options. This location is deemed a walkers paradise with a walk score of 93 out of 100, given its close proximity to restaurants, grocery stores, and every day necessities. Kaiser Permanente Hospital, Childrens Hospital and Los Angeles City College (LACC) are within one mile of the property as well as many Studios providing many local employment opportunities in the local area. Please note two adjacent lots are included in this sale APN: 5540-012-015 & 5540-012-017. Please do not disturb tenants!
Exterior Features

Lot Size Area 14459 Other Structures Other Parking Garage Private Style Cottage Total Parking 8

Interior Features

Baths Total 5.00 Common Walls Detached/No Common Walls Cooling Air Conditioning Equipment Refrigerator Heating None Laundry In Unit

Property Features

Assessed Total Value 545707 Gross Income 164400 Gross Operating Income 159468 Like Units1 4 Like Units2 1 Net Operating Income 105743.00 Number Of Buildings 5 Number Of Units 5 Rent Control YN Yes Sale Type Standard Source Living Area Title Company Source Lot Size Area Other Total Annual Expense 53725 Type Of Units 2 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Nicole Apostolos DRE#01464936 of Keller Williams Realty Encino-Sherman Oa.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T09:42:38.13. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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