950 Edgecliffe Drive, Los Angeles CA, 90026

Sold

950 Edgecliffe Drive

Los Angeles CA, 90026

$4,930,000

$399.03 per sqft

Sold

12,355 sqft

Residential

Built in 1985

Listed by Daniel Portillo with eXp Realty of California, Inc. (888) 584-9427

An excellent 12 unit non-rent control building, located on a cul-de-sac and adjacent a wonderful park, and has a great walking score just minutes from the thriving-sought after Silver Lake Sunset Blvd neighborhood! It consist of Two 3BR-2BA units, Two 2BR-2BA units, Six 2BR-1BA units & Two 1BR-1BA units. Units have central air and heat & some units have balconies. The building has controlled gated parking area, lobby, and common laundry facility. This is an attractive Value-Add Opportunity to increase rents through Capital Improvements & Unit Renovations. Tons of upside potential on rents in a very strong market. It is also centrally located with easy commutes to Downtown LA, Hollywood & easily accessible to major freeways. Don't miss out on this excellent investment opportunity offering at 14.61 GRM and 4.03 cap.

P1-11097

MLSⓇ ID

August 31, 2022

Listed

March 23, 2024

Updated

Map

950 Edgecliffe Drive
Los Angeles CA, 90026

Interior Features

Appliances: Free-Standing Range
Laundry Description: Common Area
Fireplace: Yes
Fireplace Description: None
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Forced Air

Exterior/Building Features

Lot Size: 0.27 Acres
Lot Features: Sprinklers None
Sewer: Public Sewer

Other Property Details

Area Name: C21 - Silver Lake - Echo Park
Days on Market: 7
Garage: No
Parking: Assigned, Controlled Entrance, Covered
Parking Total: 19
View: No
View Description: None
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Buyer Agency Compensation: 2%

Listing Contact: (888) 584-9427

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:40 AM UTC