903 Edgemont St - Senior Housing FOR SALE


Los Angeles, CA 90029- East Hollywood
$3,295,000 USD
323-667-1000
903 Edgemont St, Los Angeles, CA for Sale
$3,295,000 USD
Senior Housing - FOR SALE
1/3
null | 5% Cap Rate

903 Edgemont St
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • City-approved boarding house with 22 bedrooms and 8 bathrooms.
  • Offered for sale for the first time in decades.
  • Classic 1920s-era building with distinctive architectural character.
  • Includes two kitchens and on-site parking spaces.
  • Located in the East Hollywood area near major amenities and transit.
  • Ownership may consider exchange opportunities.

OVERVIEW

903 Edgemont Street presents a rare opportunity to acquire a city-approved boarding house in the East Hollywood area of Los Angeles. Offered for sale for the first time in decades, the property combines established residential income potential with a central location in one of the city's most active rental markets. Originally constructed during the 1920s, the property features classic architectural character and is configured with 22 bedrooms, eight bathrooms, two kitchens, and several on-site parking spaces. The building's distinctive design and long-standing operation contribute to its unique position within the local multifamily market. According to ownership, utilities are currently provided through a single meter, with service managed by the property owner. The property benefits from proximity to East Hollywood's employment centers, neighborhood retail, restaurants, healthcare facilities, educational institutions, and public transportation options. Residents also enjoy convenient access to Hollywood, Koreatown, Downtown Los Angeles, and other major commercial and entertainment districts throughout the region. This connectivity supports continued residential demand and long-term occupancy potential. Ownership has indicated a willingness to consider exchange opportunities, creating additional flexibility for qualified investors seeking to reposition capital into a well-located income-producing asset. Investors should independently verify zoning, operational requirements, financial performance, and all property details during their due diligence process. With its established residential use, significant bedroom count, architectural character, and location within a consistently active rental corridor, 903 Edgemont Street represents a distinctive investment opportunity in the Los Angeles multifamily market.

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$575 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Senior Housing

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,304 SF

ZONING

LARD2

APN/PARCEL ID

5538-013-018

ASK ABOUT THIS PROPERTY

Bruce JayBruce Jay AssociatesMore Info
323-667-1000

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

Bruce JayBruce Jay AssociatesMore Info
323-667-1000

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