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1353 Edgecliffe Dr #1, Los Angeles, CA 90026
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1353 Edgecliffe Dr #1 Los Angeles, CA 90026

$2,100,000 Sold Price as of 03/11/2020
  • 9 Beds
  • 6 Baths
  • 4,351 Sq.Ft.
Sold
$2,100,000 Sold Price as of 03/11/2020 Refinance Your Mortgage
Map preview of 1353 Edgecliffe Dr #1, Los Angeles, CA 90026

Property Overview: 1353 Edgecliffe Dr #1 Los Angeles, CA has 9 bedrooms, 6 bathrooms, 4,351 living square feet and 7,355 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Solid price reduction... let's make a deal before year-end on this prime 6 unit Silverlake listing at 1353 Edgecliffe Drive, LA 90026. Featuring a great unit mix with three 2+1 units & three 1+1 units. The current gross income is approx. $10,830/mth; $129,960/yr. At our new reduced $2.2M price, the property is priced at: $366,667/unit; a 16.93 current GRM; a 14.05 market GRM; a 3.83% current CAP; a 5.01% market CAP, and $506/SF. This turnkey Edgecliffe property offers the astute investor solid cash flow from Day 1 with additional rent upside as the existing tenants vacate. Prime Silverlake location just an easy walk to a ton of great Sunset Blvd restaurants/shops/cafes including: Millie's Cafe; Cliff's Edge; Pine & Crane, The Black Cat; Intelligentsia Coffee; El Cid; and Flore Vegan to name a few. Also conveniently located close to Micheltorena Elementary School & Lockwood Avenue Elementary.

Listed by Matthew Dunfrund | BRE #01785161 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 218

Home details

Lot Sq. Ft
7,355
HOA Dues
$0/mo
Year built
1959
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB19124724
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $941
  • Total Rent: $941
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $932
  • Total Rent: $932
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $129,960
  • Net Operating Income: $84,323
  • Gross Operating Income: $126,061
  • Vacancy Allowance: $3,899
  • Laundry Income: $1,400
Annual Expense Breakdown
  • Total Operating Expense: $41,738
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $27,500
  • Trash: $0
  • Insurance: $1,740
  • Maintenance: $6,498
  • Professional Management: $0
  • Water/Sewer: $4,800

Property Details for 1353 Edgecliffe Dr #1

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 5427016012
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just off Sunset Blvd
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1353 Edgecliffe Dr #1

Last sold for $2,100,000 on March 11th, 2020

  • March, 2020

  • Mar 16, 2020

    Date

    Sold

    CRMLS: SB19124724

    $2,100,000

    Price

  • Jan 3, 2020

    Date

    Active Under Contract

    CRMLS: SB19124724

    $2,200,000

    Price

  • Nov 14, 2019

    Date

    Price Change

    CRMLS: SB19124724

    $2,200,000

    Price

  • Jul 19, 2019

    Date

    Price Change

    CRMLS: SB19124724

    $2,225,000

    Price

  • Jul 19, 2019

    Date

    Active

    CRMLS: SB19124724

    $2,399,000

    Price

  • Jun 26, 2019

    Date

    Active Under Contract

    CRMLS: SB19124724

    $2,399,000

    Price

  • May 29, 2019

    Date

    Active

    CRMLS: SB19124724

    $2,399,000

    Price

  • March, 2020

  • Mar 11, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,100,000

    Price

  • February, 2010

  • Feb 26, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1353 Edgecliffe Dr #1

Assessed Value (2020): $1,070,296
Year Land Value Improved Value Assessed Value
2020 $764,729 $305,567 $1,070,296

Home Value Compared to the Market

This property vs the competition

1353 Edgecliffe Dr #1 sold on March 11, 2020 for 96.43% 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 $505.63 per/sqft which puts the price per square foot 30.16% lower than the current median sale per square foot for the city of Los Angeles.

About 1353 Edgecliffe Dr #1

Detailed summary of property

1353 Edgecliffe Dr #1 is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 9 bedrooms, 6 bathrooms, roughly 4,351 living square feet, and sits on an approximately 7,355 square foot lot. 1353 Edgecliffe Dr #1 was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,100,000. 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 96.43% higher than the current median priced home. Local homes that are currently for sale include 4534 Kingswell Ave, 4886 Lexington Ave and 1915 Talmadge St. While the average home in Los Angeles, CA is selling in 106 days, 1353 Edgecliffe Dr #1 has a days on market of 218 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 1353 Edgecliffe Dr #1 Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1353 Edgecliffe Dr #1

Public county record property details
Beds
10
Baths
6
Year built
1959
Sq. Ft.
4,185
Lot Size
7,355
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5427-016-012

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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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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