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1425 Edgecliffe Dr, Los Angeles, CA 90026
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1425 Edgecliffe Dr Los Angeles, CA 90026

$1,875,000
  • 9 Beds
  • 5 Baths
  • 3,379 Sq.Ft.
For Sale
$1,875,000 Get Pre-Qualified
Map preview of 1425 Edgecliffe Dr, Los Angeles, CA 90026

Property Overview: 1425 Edgecliffe Dr Los Angeles, CA has 9 bedrooms, 5 bathrooms, 3,379 living square feet and 7,355 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to offer for sale a five-unit apartment building located at 1425 Edgecliffe Drive in Los Angeles, CA. The subject property is located just south of Sunset Boulevard in one of the most vibrant pockets of Silver Lake. Nestled in Silver Lake and just steps away from Sunset Triangle and Sunset Junction, 1425 Edgecliffe offers tenants a plethora of shops, eateries, bars and coffee shops. Silver Lake remains a hub of cultural vibrancy; the area stands out not only for its desirability but also for the significant rent growth over the past 10 years. Silver Lake has persisted as one of L.A's most desirable neighborhoods. Situated on a 7,355 square foot parcel, the property comprises of one, one-bedroom unit and four two-bedroom units. New ownership can potentially add an Additional Dwelling Unit (ADU) to maximize income and appreciation potential.The property's irreplaceable location near Sunset Boulevard coupled with the value-add potential and recent improvements, make 1425 Edgecliffe an excellent acquisition opportunity for investors.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 7 minutes ago | Last updated: May 15th, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
7,355
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24389003
City
Los Angeles
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,298
  • Total Rent: $3,298
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,298
  • Total Rent: $3,298
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $447
  • Total Rent: $447
  • Pro Forma/Market Rent: $3,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,453
  • Total Rent: $3,453
  • Pro Forma/Market Rent: $3,450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $543
  • Total Rent: $543
  • Pro Forma/Market Rent: $2,407
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.65%
  • Gross Rent Multiplier: 14.16
  • Gross Scheduled Income: --
  • Net Operating Income: $87,223
  • Gross Operating Income: $128,483
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1425 Edgecliffe Dr

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split, Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5427015021
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Sunset Boulebard & South of Santa Monica Boulevard
View more facts & features

Local Los Angeles Agent

Sale History for 1425 Edgecliffe Dr

Last sold for $1,390,000 on March 23rd, 2022

  • May, 2024

  • May 7, 2024

    Date

    Active

    CRMLS: 24389003

    $1,875,000

    Price

  • March, 2022

  • Mar 23, 2022

    Date

    Sold

    CRMLS: 22124685

    $1,390,000

    Price

  • Feb 8, 2022

    Date

    Active

    CRMLS: 22124685

    $1,219,000

    Price

  • Listing provided courtesy of CRMLS

    Two units vacant! Five unit rehab opportunity, just south of Sunset. First time on the market in over 50 years. Four 1 bed units in the front structure and a free standing 2 bed unit at the back of the property with two attached 1-car garages, possible ADU potential. Each unit is a well planned, bright and spacious 1 bedroom with ample closets, large bathrooms and good kitchen spaces. Slight floor plan alterations could make comfortable, modernized units. Excellent Silver Lake Junction location with easy access to shops, restaurants, farmers market and nightlife. Drought resistant landscaping, electric separately metered, four uncovered parking at end of driveway and additional 12x12 bonus space accessed at rear of main structure. Major upside potential! Excellent fixer project / investor special. Do not disturb tenants, showing by appointment only.

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Tax History for 1425 Edgecliffe Dr

Assessed Value (2020): $79,075
Year Land Value Improved Value Assessed Value
2020 $30,235 $48,840 $79,075

Home Value Compared to the Market

This property vs the competition

1425 Edgecliffe Dr is listed 50% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $554.9 per/sqft which puts the price per square foot 28.58% lower than the median price per square foot for the city of Los Angeles.

About 1425 Edgecliffe Dr

Detailed summary of property

1425 Edgecliffe Dr is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 9 bedrooms, 5 bathrooms, roughly 3,379 living square feet, and sits on an approximately 7,355 square foot lot. 1425 Edgecliffe Dr was first listed on ArdentRealEstateGroup.com on May 7, 2024. The homeowner is currently asking $1,875,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 50% higher than the median priced home. Local competing homes currently for sale include 2250 Duane, 4534 Kingswell Ave and 4334 Franklin Ave. While the average home in Los Angeles, CA is selling in 92 days, 1425 Edgecliffe Dr has a days on market of 11 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1425 Edgecliffe Dr 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 1425 Edgecliffe Dr

Public county record property details
Beds
8
Baths
5
Year built
1921
Sq. Ft.
3,379
Lot Size
7,352
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5427-015-021

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
$1,300,000
Median List Price/Sq.Ft.
$736
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
65
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), 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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