Search
175 N Edgemont St, Los Angeles, CA 90004
Image 2 for 175 N Edgemont St, Los Angeles, CA 90004
Image 3 for 175 N Edgemont St, Los Angeles, CA 90004
View Photos

175 N Edgemont St Los Angeles, CA 90004

$2,500,000 Sold Price as of 09/14/2022
  • 0 Beds
  • 12 Baths
  • 7,312 Sq.Ft.
Sold
$2,500,000 Sold Price as of 09/14/2022 Refinance Your Mortgage
Map preview of 175 N Edgemont St, Los Angeles, CA 90004

Property Overview: 175 N Edgemont St Los Angeles, CA has -- bedrooms, 12 bathrooms, 7,312 living square feet and 10,990 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: OFFERED FOR THE FIRST TIME IN 17 YEARS! 175 & 179 N Edgemont Street is comprised of Two 6-unit multifamily structures (side by-side) located in the trendy and high growth area of Koreatown. Each building sits on it's own parcel (5518-012-015 & 5518-012-016) and is comprised of a rare mix of 6 extra large Studio + Den apartment homes (12 units total); (Ample parking 14 spaces). Easy to own and operate, simple management. These two-story walk-up style complexes were built in 1940. Each unit is +- 600 square feet on average. These twin sister buildings command a corner location and are located less than half a mile to the metro station. The area boasts a healthy score of 88 on walkability providing the ideal location & crossroads for where millennials want to live, work and play. Incredible Development Opportunity: PRICED AT LAND VALUE FOR 2 CONTIGUOUS MASSIVE CORNER LOTS OF NEARLY 11,000 SQ, FT. TOTAL WITH EXTRA WIDE FRONTAGE ON BOTH STREETS. ZONED LAR3 LOCATED IN OPPOUTUNITY ZONE + BENEFIT OF A TOC TIER 3 OVERLAY + DENSITY BONUS FOR FUTURE DEVELOPMENT POTENTIAL (Buyer to conduct their own due diligence with the City of Los Angeles).

Listed by Kevin Kawaoka | BRE #01733613 | NAI Capital, Inc.
Last checked: 12 minutes ago | Last updated: September 19th, 2022 | Source CRMLS | DOM: 48

Home details

Lot Sq. Ft
10,990
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22167691
City
Los Angeles
County
Los Angeles
Time on Site
827 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,392
  • Total Rent: $16,709
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: 12.46
  • Gross Scheduled Income: --
  • Net Operating Income: $132,504
  • Gross Operating Income: $196,498
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 175 N Edgemont St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 12
  • Parcel Number: 5518012015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North of Wilshire Blvd, South of Beverly Drive, East of Normandie Ave, West of Vermont Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 175 N Edgemont St

Last sold for $2,500,000 on September 14th, 2022

  • September, 2022

  • Sep 14, 2022

    Date

    Sold

    CRMLS: 22167691

    $2,500,000

    Price

  • Jun 12, 2022

    Date

    Active

    CRMLS: 22167691

    $2,650,000

    Price

  • November, 2013

  • Nov 27, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2005

  • Jul 29, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,340,000

    Price

Show More

Tax History for 175 N Edgemont St

Assessed Value (2020): $839,206
Year Land Value Improved Value Assessed Value
2020 $712,248 $126,958 $839,206

Home Value Compared to the Market

This property vs the competition

175 N Edgemont St sold on September 14, 2022 for 123.12% 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 $341.77 per/sqft which puts the price per square foot 52.79% lower than the current median sale per square foot for the city of Los Angeles.

About 175 N Edgemont St

Detailed summary of property

175 N Edgemont St is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered -- bedrooms, 12 bathrooms, roughly 7,312 living square feet, and sits on an approximately 10,990 square foot lot. 175 N Edgemont St was first listed on ArdentRealEstateGroup.com on June 14, 2022. The homeowner sold the property for $2,500,000. 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 123.12% higher than the current median priced home. Local homes that are currently for sale include 5380 Romaine St, 4886 Lexington Ave and 837 S Berendo St. While the average home in Los Angeles, CA is selling in 106 days, 175 N Edgemont St has a days on market of 48 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 175 N 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 175 N Edgemont St

Public county record property details
Beds
--
Baths
6
Year built
1940
Sq. Ft.
3,656
Lot Size
5,390
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
59
APN
5518-012-015

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
$1,500,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$790,000
Median Sold Price/Sq.Ft.
$601
Total Inventory
79
Median Sale to List Price %
95.18%
Avg Days on Market
39
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (22.22%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 175 N Edgemont St

Nearby Homes for Sale

237 N Catalina St, Los Angeles, CA 90004
$2,790,000
16 Beds
10 Baths
7107 Sq.Ft.
237 N Catalina St
Los Angeles, CA 90004
315 N Normandie Ave, Los Angeles, CA 90004
$2,390,000
13 Beds
12 Baths
3908 Sq.Ft.
315 N Normandie Ave
Los Angeles, CA 90004
121 N New Hampshire Ave, Los Angeles, CA 90004
$2,295,000
8 Beds
8 Baths
6711 Sq.Ft.
121 N New Hampshire Ave
Los Angeles, CA 90004
543 N Heliotrope Dr, Los Angeles, CA 90004
$2,300,000
10 Beds
5 Baths
4808 Sq.Ft.
543 N Heliotrope Dr
Los Angeles, CA 90004
563 N Alexandria Ave, Los Angeles, CA 90004
$2,050,000
12 Beds
12 Baths
5300 Sq.Ft.
563 N Alexandria Ave
Los Angeles, CA 90004
933 N Mariposa Ave, Los Angeles, CA 90029
$2,950,000
12 Beds
10 Baths
6426 Sq.Ft.
933 N Mariposa Ave
Los Angeles, CA 90029
4071 Melrose Ave, Los Angeles, CA 90029
$2,950,000
15 Beds
12 Baths
5881 Sq.Ft.
4071 Melrose Ave
Los Angeles, CA 90029
4727 Oakwood Ave, Los Angeles, CA 90004
$2,599,000
5 Beds
4 Baths
3024 Sq.Ft.
4727 Oakwood Ave
Los Angeles, CA 90004
211 S Hoover St, Los Angeles, CA 90004
$2,980,000
12 Beds
12 Baths
6448 Sq.Ft.
211 S Hoover St
Los Angeles, CA 90004
220 N Hoover St, Los Angeles, CA 90004
$2,499,000
15 Beds
10 Baths
4150 Sq.Ft.
220 N Hoover St
Los Angeles, CA 90004
5017 Institute Pl, Los Angeles, CA 90029
$2,900,000
8 Beds
0 Baths
8080 Sq.Ft.
5017 Institute Pl
Los Angeles, CA 90029
3321 London St, Los Angeles, CA 90026
$2,999,000
16 Beds
10 Baths
-- Sq.Ft.
3321 London St
Los Angeles, CA 90026

Recently Sold Homes Near 175 N Edgemont St

178 N Alexandria Ave, Los Angeles, CA 90004
$7,000,000 Last Sold Price
18 Beds
28 Baths
14316 Sq.Ft.
178 N Alexandria Ave
Los Angeles, CA 90004
151 N Edgemont St, Los Angeles, CA 90004
$995,000 Last Sold Price
4 Beds
4 Baths
2682 Sq.Ft.
151 N Edgemont St
Los Angeles, CA 90004
158 N Edgemont St, Los Angeles, CA 90004
$840,000 Last Sold Price
3 Beds
2 Baths
2112 Sq.Ft.
158 N Edgemont St
Los Angeles, CA 90004
154 N Edgemont St, Los Angeles, CA 90004
$1,650,000 Last Sold Price
20 Beds
10 Baths
5308 Sq.Ft.
154 N Edgemont St
Los Angeles, CA 90004

Related Resources to 175 N Edgemont St

New Listings in 90004
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote