1350 Edgecliffe Dr - Apartments FOR SALE


Los Angeles, CA 90026- Silver Lake
$3,350,000 USD
818-943-2319
1350 Edgecliffe Dr, Los Angeles, CA for Sale
$3,350,000 USD
Apartments - FOR SALE
1/19
null | 5.48% Cap Rate

1350 Edgecliffe Dr
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • First Time for Sale in 28 Years!
  • Excellent Silverlake Location
  • Strong Unit mix consisting of six (6) one-bedroom/one-bath units, seven (7) two-bedroom/ one-bath units
  • 13 Off Street Parking Spaces
  • Seismic Retrofit Completed
  • Significant Upside in Rents

OVERVIEW

The Sterman Multifamily Group of Marcus & Millichap is pleased to present 1350 Edgecliffe Avenue, a 13-unit apartment property located in the highly desirable Silver Lake submarket of Los Angeles. First time on the market in 28 years, the property was constructed in 1955 and is situated on an approximately 11,087 square foot lot with roughly 11,676 square feet of rentable space. The unit mix consists of six (6) one-bedroom/one-bath units and seven (7) two-bedroom/one-bath units, offering a strong and balanced layout that appeals to a broad tenant base. The property also provides thirteen (13) off-street parking spaces and has completed its seismic retrofit. 1350 Edgecliffe Avenue benefits from its prime Silver Lake location just off Sunset Boulevard, near the heart of the highly sought-after Sunset Junction corridor, placing tenants within immediate reach of popular dining, retail, and entertainment destinations. The property offers convenient connectivity to major employment hubs including Downtown Los Angeles, Hollywood, and Glendale, as well as excellent access to major thoroughfares such as Sunset Boulevard, the US-101, and surrounding arterials, allowing for efficient travel throughout Los Angeles. The property presents a compelling value-add opportunity through significant upside in rents. With its excellent location, strong unit mix, and long-term ownership history, 1350 Edgecliffe Avenue offers investors a unique opportunity to capitalize on both stability and future growth in one of Los Angeles’ most vibrant rental markets.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

13

PRICE/UNIT

$257,692

CAP RATE

5.48%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

13

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LARD1.5

APN/PARCEL ID

5427-024-033

ASK ABOUT THIS PROPERTY

Michael StermanMarcus & MillichapMore Info
818-943-2319

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Michael StermanMarcus & MillichapMore Info
818-943-2319

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.