Sean Rosenzweig
Marcus & Millichap
310-909-5500
We are pleased to offer for sale a five-unit apartment building located at 1425 Edgecliffe Drive in Los Angeles, CA. The subject property is located just south of Sunset Boulevard in one of the most vibrant pockets of Silver Lake. Nestled in Silver Lake and just steps away from Sunset Triangle and Sunset Junction, 1425 Edgecliffe offers tenants a plethora of shops, eateries, bars and coffee shops. Silver Lake remains a hub of cultural vibrancy; the area stands out not only for its desirability but also for the significant rent growth over the past 10 years. Silver Lake has persisted as one of L.A's most desirable neighborhoods. Situated on a 7,355 square foot parcel, the property comprises of one, one-bedroom unit and four two-bedroom units. New ownership can potentially add an Additional Dwelling Unit (ADU) to maximize income and appreciation potential.The property's irreplaceable location near Sunset Boulevard coupled with the value-add potential and recent improvements, make 1425 Edgecliffe an excellent acquisition opportunity for investors.
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Total Bedrooms : 9
Total Baths: 5
Full Baths: 0
Half Baths: 0
Year Built: 1921
Building Area Total: 3,379
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1688
Lot Size Source: Assessor
Lot Size Square Feet: 7355
Original List Price: 1,875,000
Listing Contract Date: 2024-05-07
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5427015021
Garage Description: None
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C21 - Silver Lake - Echo Park
Postal Code Plus 4: 1505
Directions: West of Sunset Boulebard & South of Santa Monica Boulevard
Zoning: LAR2
Source Property Type: Residential Income
Area: C21 - Silver Lake - Echo Park
Property Age: 103
Year Built Source: Assessor
Total Square Feet Living: 3379
Levels or Stories: Two,Multi/Split
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2140 Lemoyne Street, Los Angeles, CA,90026 | $3,200,000 | 3 | -- | -- | 7505 Sqft |
802 N Dillon Street, Los Angeles, CA,90026 | $1,450,000 | 6 | -- | 2,288 | 3828 Sqft |
1321 Laveta Terrace, Los Angeles, CA,90026 | $439,000 | -- | -- | -- | 5257 Sqft |
1427 Laveta, Los Angeles, CA,90026 | $1,990,000 | -- | -- | 1 | 10262 Sqft |
1804 Echo Park Avenue, Los Angeles, CA,90026 | $1,310,000 | 5 | -- | 2,319 | 5357 Sqft |
1804 Echo Park Avenue, Los Angeles, CA,90026 | $1,390,000 | 5 | -- | 2,319 | 5357 Sqft |
1600 W Court Street, Los Angeles, CA,90026 | $995,000 | 4 | 2 | 1,762 | 3387 Sqft |
907 Glendale Boulevard, Los Angeles, CA,90026 | $2,575,000 | 4 | -- | 4,312 | 7500 Sqft |
714 1/2 Lucile Avenue, Los Angeles, CA,90026 | $1,574,000 | 3 | 3 | 2,239 | 1991 Sqft |
1445 Calumet Avenue, Los Angeles, CA,90026 | $2,300,000 | 7 | -- | 3,144 | 6744 Sqft |
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ByOwner last updated this listing 06/16/2024 @ 21:07
MLS: 24389003
LISTED BY: Sean Rosenzweig, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.