829 N Edinburgh Ave - Apartments FOR SALE


Los Angeles, CA 90046- Beverly Grove
$1,999,000 USD
310-498-8820
829 N Edinburgh Ave, Los Angeles, CA for Sale
$1,999,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

829 N Edinburgh Ave
Los Angeles, CA 90046
Beverly Grove


HIGHLIGHTS

  • 5 Unit Apartment Building in Prime West Hollywood Adj: Excellent Unit Mix - (4) 1BR/1 BTHS, and (1) 2BRS/1.75BTHS.
  • Three Separate Garages, incl one double car garage. A new owner could generate additional income for renting these as dedicated parking or storage
  • ADU Potential: As all of the 3 garages are not being used by any tenants they could potentially be turned into ADUs. Please check with city
  • Units are Separately Metered for Electricity and Gas, and tenants are responsible for Waste.
  • Current property rents approximately 38% under market.
  • Excellent Demographics and dense infill area with Average Household Income over $160,720 and Median Housing Value of $1,410,000 in a one mile radius.

OVERVIEW

Contact Broker for OM. Oakmore Inc., on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest of 829 N Edinburgh Ave, Los Angeles, CA 90046 (the “Property”). The Property consists of a ±3,943 SF building on a ±0.15 acre (±6,550 SF) parcel of land. The Property comprises 5 units: (4) 1 bedroom 1 bath units, and (1) 2 bedroom and 1.75 bath unit….and the 2 bedroom unit will be delivered vacant to allow a buyer to capture market rent. In fact, all units are significantly under market, making this a true value add proposition. The Property boasts an outstanding location, mere steps from West Hollywood, two blocks east of Crescent Heights Blvd and a block and a half north of Melrose, one of the most trendiest locations in Los Angeles. Nestled just blocks away from the prime strip of the bustling Santa Monica Boulevard, the Property affords excellent proximity to iconic entertainment, dining, and retail establishments. Santa Monica Blvd is a major thoroughfare and boasts several national retailers and artisan stores, providing easy access to neighborhood amenities for the area’s residents. The Property boasts a walk score of 95/100, so most errands can be accomplished on foot. Rarely does an investor have the chance to acquire a multi-family property of such distinction in a prime Los Angeles location. 829 N Edinburgh Ave is more than just a property; it's a generational investment opportunity in one of Los Angeles' most desirable neighborhoods. This exclusive offering provides unparalleled potential and long-term appreciation. Don't miss this exclusive opportunity.

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$507 USD /SF

# OF UNITS

5

PRICE/UNIT

$399,800

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add 5 Unit WeHo Adj | 2BR Unit Vacant

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LAR3

APN/PARCEL ID

5529-022-029

ASK ABOUT THIS PROPERTY

Jeff SelickOakmore IncMore Info
310-498-8820

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Jeff SelickOakmore IncMore Info
310-498-8820

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