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113 S Edgemont St, Los Angeles, CA 90004
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113 S Edgemont St Los Angeles, CA 90004

$1,150,000 Sold Price as of 07/27/2021
  • 7 Beds
  • 4 Baths
  • 4,274 Sq.Ft.
Sold
$1,150,000 Sold Price as of 07/27/2021 Refinance Your Mortgage
Map preview of 113 S Edgemont St, Los Angeles, CA 90004

Property Overview: 113 S Edgemont St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 4,274 living square feet and 5,796 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price Reduced! Excellent Investment/Development opportunity in Koreatown/Mid-Wilshire! Potential to build 13-15 units OR add 2 detached additional units to existing, buyer is responsible to verify all information with city. This Spanish style duplex features 2 spacious units with just over 2,100 sqft each. The upstairs unit features 3 Bedrooms, bonus room, and 2 Baths. The downstairs unit features 3 Bedrooms and 2 Baths. Each unit has a formal living room, dining room, laundry room, hardwood and tile flooring, and central air and heat, original built in cabinets and moldings. There is plenty of parking in the rear of property which can be accessed through the front driveway. There is also two detached 2-car garages for 4 cars. This property is very centrally located and within minutes to Koreatown, Downtown L.A., Silverlake, Hollywood, Griffith Park, 101 freeway, bus, metro and subway rails, restaurants, shopping, entertainment, and much more! Property is zoned LAR3.

Listed by Nancy G. Zelada | BRE #01729263 | Century 21 Masters
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 118

Home details

Lot Sq. Ft
5,796
HOA Dues
$0/mo
Year built
1933
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21697068
City
Los Angeles
County
Los Angeles
Time on Site
1219 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,710
  • Total Rent: $2,710
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 113 S Edgemont St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Three Door, Concrete
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 5518013006
  • Architectural Style: Spanish
Location / Neighborhood
Location Information
  • Directions: See Google Maps
View more facts & features

Local Los Angeles Agent

Sale History for 113 S Edgemont St

Last sold for $1,150,000 on July 27th, 2021

  • July, 2021

  • Jul 28, 2021

    Date

    Sold

    CRMLS: 21697068

    $1,150,000

    Price

  • Jun 23, 2021

    Date

    Active Under Contract

    CRMLS: 21697068

    $1,199,900

    Price

  • Jun 2, 2021

    Date

    Price Change

    CRMLS: 21697068

    $1,199,900

    Price

  • Feb 24, 2021

    Date

    Active

    CRMLS: 21697068

    $1,299,900

    Price

  • January, 2021

  • Jan 15, 2021

    Date

    Canceled

    CRMLS: DW20227575

    $1,499,000

    Price

  • Oct 28, 2020

    Date

    Active

    CRMLS: DW20227575

    $1,499,000

    Price

  • Listing provided courtesy of CRMLS

    BEAUTIFUL INVESTMENT DUPLEX property IN KOREATOWN!!! R-3 zoning Duplex is a cash flowing property with Amazing long standing TENANTS!!! Walking distance away from the Wilshire Center / Subway Stations / BUS Stations right in the HEART of Los An This property has two (2) 3 Bedroom and 2 Bathrooms. 2 Garages and lots of PARKING ROOM. Building is well kept and ( Buyers and Buyers Agents are to DETERMINE the ACCURACY of the all information provided)

  • October, 2020

  • Oct 1, 2020

    Date

    Expired

    CRMLS: DW19230363

    $1,599,999

    Price

  • Oct 3, 2019

    Date

    Active

    CRMLS: DW19230363

    $1,599,999

    Price

  • Listing provided courtesy of CRMLS

    GREAT OPPORTUNITY AND INVESTMENT IN KOREATOWN!!! R-3 ZONING!!! RIGHT IN THE HEART OF LOS ANGELES!!! THIS CASH-FLOWING, TAX-SHELTERING, CASH-FLOWING, CASH-ON-CASH RETURNING PROPERTY HAS THE ABILITY TO BUILD ADDITIONAL UNITS. BORDERED BY SILVER LAKE AND ECHO PARK. "JUST" BLOCKS AND WALKING DISTANCE AWAY TO WILSHIRE CENTER, WILSHIRE AND WESTERN, BUS / TRAINS / SUBWAY STATIONS, ETC. THIS INCOME PROPERTY IS HAS A TERRIFIC UPSIDE POTENTIAL, FANTASTIC RATES OF RETURN WITH A 3.31% CAP RATE (POTENTIAL FOR 5.00%), AND 24.51% GROSS RENT MULTIPLIER (POTENTIAL FOR 14.00%) FOR THE AREA -- TONS OF ROOM FOR GROWTH!!! PRICED TO SELL. LOTS OF UPSIDE IN RENTS ($61,200.00 IN GROSS INCOME AND DUE FOR ANNUAL INCREASE). POTENTIAL RENTS ARE $96,000 to $192,000 ANNUALLY. TONS OF GENTRIFICATION HAPPENING IN THE AREA. LARGE SIZE FOR THE AREA -- OVER 4,274 SQ.FT. OF LIVING SPACE, 4 CAR GARAGES (2 CARS FOR EACH UNIT) AND MORE. JUST UNDER $351K/SQ.FT. THIS PROPERTY HAS THE POTENTIAL TO BUILD MULTIPLE MORE UNITS WORTH OF INCOME (ZONED R-3). THIS PROPERTY MAINTAINS TWO(2) 3 BEDROOM AND 2 BATHROOMS. TONS OF POTENTIAL. LOTS OF ROOM FOR PARKING AND FOR BUILDING. PERFECT PROPERTY FOR SOMEONE TO LIVE AND RENT THE OTHERS AND BUILD MORE AS THEY GO! LOTS OF UPSIDE!!! GREAT OPPORTUNITY TO 1031 INTO!!! THIS IS A GROWING MARKET WITH LOTS OF GROWTH!!! DON'T WAIT BEFORE IT'S TOO LATE!!! DO NOT MISS THIS GOLDEN OPPORTUNITY!!! *** Buyer(s) and their agents are to determine the accuracy of the information provided ***

  • November, 2019

  • Nov 11, 2019

    Date

    Canceled

    CRMLS: 19516830

    $1,399,500

    Price

  • Oct 8, 2019

    Date

    Active

    CRMLS: 19516830

    $1,399,500

    Price

  • Listing provided courtesy of CRMLS

    Excellent Investment Opportunity in the Highly Desirable Koreatown/Mid Wilshire area. This Duplex has been very well maintained and offers everything you need. Each unit is over 2100 sq. ft. of living space making it extremely comfortable and convenient particularly for those with multiple family members in your household. Both have large 3 bedroom and 2 baths, Hardwood and tile flooring, Spacious Kitchens, Living Rooms and Dining Rooms. Central Air and Heat plus Indoor Laundry Area in each Unit. Location is Prime. Conveniently near the Beverly Metro, Shops, Restaurants, Entertainment in Hollywood and Silverlake and easy access to the 101 fwy. Perfect for 1031 Exchange. An Opportunity Not to be Missed!!!

  • September, 2019

  • Sep 25, 2019

    Date

    Expired

    CRMLS: 19450200

    $1,599,500

    Price

  • May 23, 2019

    Date

    Price Change

    CRMLS: 19450200

    $1,599,500

    Price

  • Apr 2, 2019

    Date

    Active

    CRMLS: 19450200

    $1,699,900

    Price

  • Listing provided courtesy of CRMLS

    Excellent Investment Opportunity in the Highly Desirable Koreatown/Mid Wilshire area. This Duplex has been very well maintained and offers everything you need. Each unit is over 2100 sq. ft. of living space making it extremely comfortable and convenient particularly for those with multiple family members in your household. Both have large 3 bedroom and 2 baths, Hardwood and tile flooring, Spacious Kitchens, Living Rooms and Dining Rooms. Central Air and Heat plus Indoor Laundry Area in each Unit. Location is Prime. Conveniently near the Beverly Metro, Shops, Restaurants, Entertainment in Hollywood and Silverlake and easy access to the 101 fwy. Perfect for 1031 Exchange. An Opportunity Not to be Missed!!!

  • January, 2019

  • Jan 7, 2019

    Date

    Canceled

    CRMLS: CV18243377

    $1,288,888

    Price

  • Nov 17, 2018

    Date

    Withdrawn

    CRMLS: CV18243377

    $1,288,888

    Price

  • Oct 30, 2018

    Date

    Price Change

    CRMLS: CV18243377

    $1,288,888

    Price

  • Oct 6, 2018

    Date

    Active

    CRMLS: CV18243377

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Investment Opportunity in the highly desirable Koreatown / Wilshire area. This Charming, very well maintained, updated Duplex features: Large, Spacious 3 Bd /2 Ba each, tile and hardwood flooring, Central Air & Heat, Spacious Kitchens, Living Rooms, Dining Rooms, Indoor Laundry Area each unit, approximately 2,137 sqft. each Unit. Each Unit has it's own 2 car garage with additional parking. Rents well below Market, upside potential. Excellent location, conveniently located just minutes from Beverly Metro station, Hollywood, Silverlake, shopping, restaurants, entertainment, and more... Easy access to 101 freeway.

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Tax History for 113 S Edgemont St

Assessed Value (2020): $1,047,036
Year Land Value Improved Value Assessed Value
2020 $721,169 $325,867 $1,047,036

Home Value Compared to the Market

This property vs the competition

113 S Edgemont St sold on July 27, 2021 for 6.19% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $280.74 per/sqft which puts the price per square foot 62.77% lower than the current median sale per square foot for the city of Los Angeles.

About 113 S Edgemont St

Detailed summary of property

113 S Edgemont St is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 4,274 living square feet, and sits on an approximately 5,796 square foot lot. 113 S Edgemont St was first listed on ArdentRealEstateGroup.com on February 24, 2021. The homeowner sold the property for $1,150,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 6.19% higher than the current median priced home. Local homes that are currently for sale include 1029 S Normandie Ave, 2969 London St and 1211 N Normandie Ave. While the average home in Los Angeles, CA is selling in 98 days, 113 S Edgemont St has a days on market of 118 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 113 S Edgemont St Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 113 S Edgemont St

Public county record property details
Beds
6
Baths
4
Year built
1933
Sq. Ft.
4,274
Lot Size
5,796
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
42
APN
5518-013-006

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$764
Median Sold Price
$1,075,000
Median Sold Price/Sq.Ft.
$764
Total Inventory
69
Median Sale to List Price %
93.56%
Avg Days on Market
31
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

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