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950 Edgecliffe Drive

Los Angeles (City), CA 90026
  • $4,500,000
  • STATUS: Active Under Contract
  • ON SITE: 26 Days
  • ID#: P1-11097
Under Contract
UPDATED: 53 min ago
$4,500,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1985
County:

School Ratings & Info

Listing Agent(s): Daniel Portillo of Exp Realty Of California, Inc. ((888) 584-9427)


Description

An excellent 12 unit non-rent control building, located on a cul-de-sac and adjacent a wonderful park, and has a great walking score just minutes from the thriving-sought after Silver Lake Sunset Blvd neighborhood! It consist of Two 3BR-2BA units, Two 2BR-2BA units, Six 2BR-1BA units & Two 1BR-1BA units. Units have central air and heat & some units have balconies. The building has controlled gated parking area, lobby, and common laundry facility. This is an attractive Value-Add Opportunity to increase rents through Capital Improvements & Unit Renovations. Tons of upside potential on rents in a very strong market. It is also centrally located with easy commutes to Downtown LA, Hollywood & easily accessible to major freeways. Don't miss out on this excellent investment opportunity offering at 14.61 GRM and 4.03 cap.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-26T23:27:35.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/132649627
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950 Edgecliffe Drive Los Angeles (City), CA 90026

  • Price: $4,500,000
  • Status: Active Under Contract
  • On Site: 26 Days
  • Updated: 53 min ago
  • ID#: P1-11097
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1985
Built
Neighborhood:
Other
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
An excellent 12 unit non-rent control building, located on a cul-de-sac and adjacent a wonderful park, and has a great walking score just minutes from the thriving-sought after Silver Lake Sunset Blvd neighborhood! It consist of Two 3BR-2BA units, Two 2BR-2BA units, Six 2BR-1BA units & Two 1BR-1BA units. Units have central air and heat & some units have balconies. The building has controlled gated parking area, lobby, and common laundry facility. This is an attractive Value-Add Opportunity to increase rents through Capital Improvements & Unit Renovations. Tons of upside potential on rents in a very strong market. It is also centrally located with easy commutes to Downtown LA, Hollywood & easily accessible to major freeways. Don't miss out on this excellent investment opportunity offering at 14.61 GRM and 4.03 cap.
Exterior Features

Lot Features Sprinklers None Number Of Separate Electric Meters 12 Parking Features AssignedControlled EntranceCovered Parking Total 19 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Free-Standing Range Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Forced Air Heating YN Yes

Property Features

Association Fee 0 Community Features CurbsParkSidewalks Disclosures Easement(S) Electric Expense 0 Fuel Expense 3136 Garage YN No Gross Income 307992 Gross Scheduled Income 307992 Insurance Expense 6269 Land Lease YN No Laundry Features Common Area Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 181572 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Operating Expense 117216 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 3527 Water Sewer Expense 11249 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-26T23:27:35.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Daniel Portillo of Exp Realty Of California, Inc. ((888) 584-9427)