This renovated and remodeled duplex has been transformed into five stylish, custom-designed units, including a newly built detached ADU (one bedroom, one bath), adding even more value to this incredible property. Fully occupied, this income-producing property offers outstanding potential for investors, with the possibility of delivering one unit vacant at COE. The seller is willing to carry up to $1MM for 3 years at 5.5%. Each unit, including the ADU, boasts a spacious, single-level floor plan with soaring ceilings and abundant natural light, creating a bright and welcoming atmosphere. The chef-inspired kitchens are outfitted with stainless steel appliances, farmhouse sinks, stone countertops, and custom cabinetry, perfect for both cooking and entertaining. The generously sized bedrooms offer high ceilings, while the designer bathrooms feature double vanities and sleek finishes. Additional highlights include wide-plank laminate flooring, recessed lighting throughout, newer central A/C and heat (controlled by NEST), and energy-efficient features like tankless water heaters and LED lighting. Smart technology is integrated with keyless entry, all controlled via an app. The freshly painted exterior complements the building’s updated aesthetics, ample street parking, and a common laundry room provide added convenience. Enjoy outdoor space with a BBQ area for residents to relax and entertain. With a prime location, chic renovated units, and the addition of a detached ADU, this property offers incredible potential. Don’t miss out on this exceptional investment opportunity with the possibility of one unit being delivered vacant if you want! This is a rare find and a must see!
Property Details
Price:
$1,650,000
MLS #:
25492589
Status:
Active
Baths:
0
Address:
5073 Edgewood Place
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Feb 6, 2025
State:
CA
ZIP:
90019
Lot Size:
3,984 sqft / 0.09 acres (approx)
Year Built:
1935
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Gas Oven, Built- In
Cooling
Central Air
Fireplace Features
None
Flooring
Laminate, Tile
Heating
Central
Interior Features
Living Room Balcony
Window Features
Screens
Exterior
Garage Spaces
0.00
Parking Features
Driveway
Parking Spots
2.00
Pool Features
None
Security Features
Smoke Detector(s), Carbon Monoxide Detector(s)
Sewer
Other
Spa Features
None
Stories Total
2
View
City Lights
Financial
Tenant Pays
Electricity
Map
Community
- Address5073 Edgewood Place Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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5073 Edgewood Place
Los Angeles, CA
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