1425 Edgecliffe Drive

Los Angeles, CA 90026

$1,875,000
Price
9
Beds
5
Baths
3,379 Sq. Ft.
$555 / Sq. Ft.
3,379
Sq. Ft.
$555
per Sq. Ft.

Description

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...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.

Property Details for 1425 Edgecliffe Drive

Zoning
LAR2
Parcel Number
5427015021
Total Units
5.0
Living Area
3379
Source Living Area
Assessor
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
7355

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute
LISTING UPDATED: 05/15/2024 12:01 AM

Property Details for 1425 Edgecliffe Drive

StatusActive
MLS #24-389003
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.17 AC / 7,355 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute

Building Information for 1425 Edgecliffe Drive

Stories2Residences-Year Built1921Building Size-Lot Size0.17 AC / 7,355 SF

Payment Calculator

$11,733 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,233

Property Taxes

$1,500

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1425 Edgecliffe Drive

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $128,483
  • Net Operating Income: $87,223.00
  • Gross Income: $132,457
  • Cap Rate: 4.65%
  • Gross Rent Multiplier: $14.16
  • Total Annual Expense: 41260
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1688
  • Lot Size Square Feet: 7355
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 5
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-07-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $543.00
  • Unit Actual Rent: $543.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,298.00
  • Unit Actual Rent: $3,298.00
  • Unit Projected Rent: $3,295.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,298.00
  • Unit Actual Rent: $3,298.00
  • Unit Projected Rent: $3,295.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $447.00
  • Unit Actual Rent: $447.00
  • Unit Projected Rent: $3,450.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,453.00
  • Unit Actual Rent: $3,453.00
  • Unit Projected Rent: $3,450.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $499,800.00
  • Assessed Improvement Percent: 35.25
  • Assessed Land Value: $918,000.00
  • Assessed Land Percent: 64.75
  • Assessed Total Value: $1,417,800.00

Property History for 1425 Edgecliffe Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1425 Edgecliffe Drive

Taxable ValueLand$918,000Additions$499,800Total$1,417,800
Tax Record2023$18,001 ($1,500 / month)
Home Facts
Total Finished SqFt3,379 SqFtAbove Grade Finished SqFt3,379 SqFtLot Size7,353 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningLAR2CountyLOS ANGELESAPN5427-015-021

Schools near 1425 Edgecliffe Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Micheltorena Street Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

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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1425 Edgecliffe Drive is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on May 7, 2024 by Marcus & Millichap, it's currently listed at $1,875,000. It has been on the market for a total of 13 days and was last sold on March 23, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Micheltorena Street Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 1425 Edgecliffe Drive is a 9-bed, 5-bath, 3,379 sqft multi-family home built in 1921.

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 Marcus & Millichap, Sean Rosenzweig, DRE #01406343

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.