1185 North Edgemont Street

Los Angeles, CA 90029

$1,700,000
Price
7
Beds
5
Baths
5,239 Sq. Ft.
$324 / Sq. Ft.
5,239
Sq. Ft.
$324
per Sq. Ft.

Description

Corner investment property consisting of stand alone 3+2 house with 2 car garage and gated driveway to park additional cars plus a stand alone 4 unit building consisting of 4 1+1 units. Large 9,504 SF Lot Zoned LARD1.5. Huge upside in rental income and lots of potential for a developer to develop into its highest and best use. Close proximity to Metro, 101 Freeway, Hollywood, Downtown, LA City College, several Hospitals and many shops and restaurants. Do not disturb tenants. Inspection with accepted...Corner investment property consisting of stand alone 3+2 house with 2 car garage and gated driveway to park additional cars plus a stand alone 4 unit building consisting of 4 1+1 units. Large 9,504 SF Lot Zoned LARD1.5. Huge upside in rental income and lots of potential for a developer to develop into its highest and best use. Close proximity to Metro, 101 Freeway, Hollywood, Downtown, LA City College, several Hospitals and many shops and restaurants. Do not disturb tenants. Inspection with accepted offer only. Property is sold in its As-Is Where Is condition.
  1. Listed by Ara S. Der Sarkissian • DRE #01318747 • Brokerage DRE #01318747 • Sarkis Realty, Inc.

Property Details for 1185 North Edgemont Street

Zoning
LARD1.5
Parcel Number
5540027018
Total Units
5.0
Living Area
5239
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
0
Lot Size Area
9507

Location

Listing Courtesy of Sarkis Realty, Inc., Ara S. Der Sarkissian, DRE #01318747
Add your commute
LISTING UPDATED: 11/09/2023 12:01 AM

Property Details for 1185 North Edgemont Street

StatusActive
MLS #23-327939
Days on Market179
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.22 AC / 9,507 SF
CountyLos Angeles County

Location

Listing Courtesy of Sarkis Realty, Inc., Ara S. Der Sarkissian, DRE #01318747
Add your commute

Building Information for 1185 North Edgemont Street

Stories-Residences-Year Built1924Building Size-Lot Size0.22 AC / 9,507 SF

Payment Calculator

$9,504 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,278

Property Taxes

$226

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1185 North Edgemont Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: SFR & 4-Plex
  • Security Features: Gated
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $71,916
  • Net Operating Income: $67,569.00
  • Gross Income: $5,993
  • Gross Rent Multiplier: $23.64
  • Actual Annual Gross Rent: $71,916.00
  • Actual Gross Annual Income: $71,916
  • Total Annual Expense: 4347
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2183
  • Lot Size Square Feet: 9507
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Gated
  • Total Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door, Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Floor
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-02-2023
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,609.00
  • Unit Actual Rent: $1,609.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $982.00
  • Unit Actual Rent: $982.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,114.00
  • Unit Actual Rent: $1,114.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,014.00
  • Unit Actual Rent: $1,014.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,274.00
  • Unit Actual Rent: $1,274.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $46,627.00
  • Assessed Improvement Percent: 33.1
  • Assessed Land Value: $94,227.00
  • Assessed Land Percent: 66.9
  • Assessed Total Value: $140,854.00

Property History for 1185 North Edgemont Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1185 North Edgemont Street

Taxable ValueLand$94,227Additions$46,627Total$140,854
Tax Record2023$2,712 ($226 / month)
Home Facts
Total Finished SqFt5,239 SqFtAbove Grade Finished SqFt5,239 SqFtLot Size9,504 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLARD1.5CountyLOS ANGELESAPN5540-027-018

Schools near 1185 North Edgemont Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1185 North Edgemont Street is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on November 1, 2023 by Sarkis Realty, Inc., it's currently listed at $1,700,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Ramona Elementary School, Joseph Le Conte Middle School and Helen Bernstein High School. 1185 North Edgemont Street is a 7-bed, 5-bath, 5,239 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sarkis Realty, Inc., Ara S. Der Sarkissian, DRE #01318747

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.