Incredible Quadruplex Investment Opportunity in the Heart of Hollywood. This is your chance to secure a prime multi-family property in one of Los Angeles'' most sought-after neighborhoods, offering unbeatable potential for both stable income and long-term appreciation. Located near the vibrant hubs of Los Feliz, Silver Lake, Westlake, and Koreatown, this quadruplex provides the ultimate combination of location, value, and upside potential — a rare find in today''s competitive market. The property boasts a total of 5,544 square feet, with each of the four spacious units measuring 1,386 square feet. Each unit is thoughtfully designed with 2 bedrooms and 1 bathroom, offering tenants a comfortable and well-appointed living space. Every unit also includes a private laundry area for added convenience, along with 2 dedicated parking spaces, ensuring tenant satisfaction and retention. Currently generating a robust Net Operating Income (NOI) of $54,951 annually, the property is listed at $1,895,000, resulting in an impressive Cap Rate of 2.9%. However, this is only the beginning—there is a 40% upside potential on the rents, providing substantial opportunity to increase cash flow and significantly boost your returns. With the demand for rental properties at an all-time high in this thriving part of Hollywood, this quadruplex is a prime opportunity for investors looking to add substantial value to their portfolio. Whether you’re seeking a high-demand location for stable income or a property with tremendous growth potential, this offering is one you simply cannot afford to overlook. Don’t wait — this is the investment that could define your future success. Act now and seize the opportunity before someone else does, or regret it for the rest of your life.
Property Details
Price:
$1,895,000
MLS #:
DW24235236
Status:
Active
Baths:
0
Address:
1309 N Edgemont Street
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Nov 15, 2024
State:
CA
ZIP:
90027
Lot Size:
6,517 sqft / 0.15 acres (approx)
Year Built:
1925
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Curbs, Sidewalks, Street Lights
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Features
Driveway, Gravel, Paved, On Site, Parking Space, Private, See Remarks
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address1309 N Edgemont Street Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90027
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Courtesy of KASE Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1309 N Edgemont Street
Los Angeles, CA
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