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1223 N Edgemont St Los Angeles, CA 90029

$6,500,000 Sold Price as of 01/29/2021

13 Beds
26 Baths
11,660 Sq.Ft.

Sold

$6,500,000 Sold Price as of 01/29/2021 Refinance Your Mortgage

Map preview of 1223 N Edgemont St, Los Angeles, CA 90029

Property Overview: 1223 N Edgemont St Los Angeles, CA has 13 bedrooms, 26 bathrooms, 11,660 living square feet and 9,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Take advantage of the tax incentives and purchase 13 brand new, luxurious, NON-RENT CONTROLLED Townhomes in a Qualified Opportunity Zone. Situated in the highly desirable East Hollywood submarket. Each unit has modern interiors with many amenities including: custom Italian style kitchens, quartz countertops, in-unit washer & dryer, modern appliances, deep soaking tubs, Nest Thermostats, secured building and private rooftop decks. Contact listing agent for a showing. Property is approximately 11,660 sq. ft. gross plus a subterranean garage. *Property will be sold "AS IS" condition with a deed restriction preventing it from being converted to condos for 10 years from date of CofO.

Listed by Paul Schon | BRE #01847860 | Schon Tepler Realty, Inc

Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 83

Home details

Lot Sq. Ft: 9,001
HOA Dues: $0/mo
Year built: 2020
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20633180
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 13
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 3
# of Beds: 1
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,900
Total Rent: $0
Pro Forma/Market Rent: $2,900

Unit Breakdown 2

# of Units: 4
# of Beds: 1
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,700
Total Rent: $0
Pro Forma/Market Rent: $2,700

Unit Breakdown 3

# of Units: 4
# of Beds: 1
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,800
Total Rent: $0
Pro Forma/Market Rent: $2,800

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $710
Total Rent: $0
Pro Forma/Market Rent: $710

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,000
Total Rent: $0
Pro Forma/Market Rent: $3,000

Unit Breakdown 6

# of Units: 0
# of Beds: 0
# of Baths: 0
Furnishing: Unfurnished
Total Rent: $0

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 15.5
Gross Scheduled Income: --
Net Operating Income: $280,785
Gross Operating Income: $439,320

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1223 N Edgemont St

Interior Features

Heating Information

Has Heating
Central

Kitchen Information

Has Appliances
Dishwasher, Microwave

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Covered

Property Information

Total # of Units: 13
Parcel Number: 5540011009

Location / Neighborhood

Location Information

Directions: google maps

View more facts & features

Local Los Angeles Agent

Sale History for 1223 N Edgemont St

Last leased for $2,366 on July 26th, 2021

July, 2021
Jul 28, 2021

Date

Leased

CRMLS: 21761038

$2,366

Price
Jul 14, 2021

Date

Active

CRMLS: 21761038

$2,366

Price
Listing provided courtesy of CRMLS

This boutique complex features spacious townhome-style lofts with gorgeous finishes and sophisticated style. Make yourself at home here... Each unit features an in-unit washer and dryer, high-end stainless steel appliances, beautiful two-tone cabinetry, quartz countertops, stylish hardwood laminate flooring (So easy to clean!), smart thermostats that offer Central A/C and Heat, custom closet shelves for maximized storage, and assigned reserved parking. In other words, everything you need! This tri-level apartment home is sure to impress all of your friends when you entertain! Set out a spread of refreshments on the plentiful counter space and take in the view with a glass of rose in hand on your balcony... Dreaming of a home office with lots of light? Look no further.

Continue Reading
July, 2021
Jul 14, 2021

Date

Leased

CRMLS: 21720656

$2,366

Price
May 15, 2021

Date

Active

CRMLS: 21720656

$2,366

Price
Listing provided courtesy of CRMLS

This boutique complex features spacious townhome-style lofts with gorgeous finishes and sophisticated style. Make yourself at home here... Each unit features an in-unit washer and dryer, high-end stainless steel appliances, beautiful two-tone cabinetry, quartz countertops, stylish hardwood laminate flooring (So easy to clean!), smart thermostats that offer Central A/C and Heat, custom closet shelves for maximized storage, and assigned reserved parking. In other words, everything you need! This tri-level apartment home is sure to impress all of your friends when you entertain! Set out a spread of refreshments on the plentiful counter space and take in the view with a glass of rose in hand on your balcony... Dreaming of a home office with lots of light? Look no further.

Continue Reading
July, 2021
Jul 14, 2021

Date

Leased

CRMLS: 21720660

$2,366

Price
May 15, 2021

Date

Active

CRMLS: 21720660

$2,366

Price
Listing provided courtesy of CRMLS

This boutique complex features spacious townhome-style lofts with gorgeous finishes and sophisticated style. Make yourself at home here... Each unit features an in-unit washer and dryer, high-end stainless steel appliances, beautiful two-tone cabinetry, quartz countertops, stylish hardwood laminate flooring (So easy to clean!), smart thermostats that offer Central A/C and Heat, custom closet shelves for maximized storage, and assigned reserved parking. In other words, everything you need! This tri-level apartment home is sure to impress all of your friends when you entertain! Set out a spread of refreshments on the plentiful counter space and take in the view with a glass of rose in hand on your balcony... Dreaming of a home office with lots of light? Look no further.

Continue Reading
January, 2021
Jan 29, 2021

Date

Sold

CRMLS: 20633180

$6,500,000

Price
Dec 21, 2020

Date

Pending

CRMLS: 20633180

$6,800,000

Price
Sep 15, 2020

Date

Active

CRMLS: 20633180

$6,800,000

Price
January, 2021
Jan 29, 2021

Date

Sold (Public Records)

Public Records

$6,500,000

Price
January, 2017
Jan 24, 2017

Date

Sold (Public Records)

Public Records

$920,000

Price

Tax History for 1223 N Edgemont St

Assessed Value (2020): $1,690,311

Year	Land Value	Improved Value	Assessed Value
2020	$976,311	$714,000	$1,690,311

Home Value Compared to the Market

This property vs the competition

1223 N Edgemont St sold on January 29, 2021 for 507.14% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $583.19 per/sqft which puts the price per square foot 19.45% lower than the current median sale per square foot for the city of Los Angeles.

About 1223 N Edgemont St

Detailed summary of property

1223 N Edgemont St is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 13 bedrooms, 26 bathrooms, roughly 11,660 living square feet, and sits on an approximately 9,001 square foot lot. 1223 N Edgemont St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $6,500,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 507.14% higher than the current median priced home. Local homes that are currently for sale include 1534 S Shenandoah St, 1975 S Corning St and 8926 Sawyer St. While the average home in Los Angeles, CA is selling in 106 days, 1223 N Edgemont St has a days on market of 83 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1223 N Edgemont St Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1223 N Edgemont St

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 9,000
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 19
APN: 5540-011-015

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,022,990

Median List Price/Sq.Ft.

$737

Median Sold Price

$672,500

Median Sold Price/Sq.Ft.

$724

Total Inventory

Median Sale to List Price %

105.24%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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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.