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832 N Edinburgh Ave, Los Angeles, CA 90046
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832 N Edinburgh Ave Los Angeles, CA 90046

$2,200,000
  • 4 Beds
  • 10 Baths
  • 4,752 Sq.Ft.
For Sale
$2,200,000 Get Pre-Qualified
Map preview of 832 N Edinburgh Ave, Los Angeles, CA 90046

Property Overview: 832 N Edinburgh Ave Los Angeles, CA has 4 bedrooms, 10 bathrooms, 4,752 living square feet and 6,613 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 present a ten (10) unit apartment building located at 832 N Edinburgh Avenue in Los Angeles, California. The subject property is located in a prime Melrose location, north of Melrose Avenue and west of N Fairfax Avenue. Built in 1925, this property contains a solid unit mix of six (6) studio / one-bathroom units and four (4) one-bedroom / one-bathroom units. This asset features four (4) covered garage parking spaces that can potentially be converted into up to eight (8) ADU unit(s) under SB 1211 (recently engrossed on June 12th). Tenants will love living in a quiet residential corridor within only a couple miles from the Sunset Strip, numerous fashion and art stores along Melrose Avenue and Fairfax Avenue, The Comedy Store, Melrose Trading Post, Laurel Hardware, Ysabel, and Blue Bottle Coffee. The neighborhood of Melrose attracts many young professionals given the film, fashion, and art industry presence in this location. Melrose is also in the eighth rated submarket for market asking rents and the sixth rated submarket for twelve (12) month unit absorption. Situated in a prime Melrose location, this offering presents an excellent opportunity for any investor to capitalize on a property with tremendous upside potential and the potential to convert the garages into multiple ADU unit(s).

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 12 minutes ago | Last updated: June 27th, 2024 | Source CRMLS | DOM: 5
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Home details

Lot Sq. Ft
6,613
HOA Dues
$0/mo
Year built
1925
Garage
4 Car
Property Type:
Multi Family
Status
Active
MLS#
24408745
City
Los Angeles
County
Los Angeles
Time on Site
4 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,012
  • Total Rent: $1,012
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,755
  • Total Rent: $1,755
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.57%
  • Gross Rent Multiplier: 13.29
  • Gross Scheduled Income: --
  • Net Operating Income: $100,462
  • Gross Operating Income: $160,527
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 832 N Edinburgh Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage, Covered
Lot Information
  • Lot Features: Rectangular Lot, Landscaped
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 10
  • Parcel Number: 5529021060
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: The subject property is located in a prime Melrose location, north of Melrose Avenue and west of N Fairfax Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 832 N Edinburgh Ave

View property's historical transactions

  • June, 2024

  • Jun 26, 2024

    Date

    Active

    CRMLS: 24408745

    $2,200,000

    Price

Tax History for 832 N Edinburgh Ave

Assessed Value (2020): $123,558
Year Land Value Improved Value Assessed Value
2020 $73,285 $50,273 $123,558

Home Value Compared to the Market

This property vs the competition

832 N Edinburgh Ave is listed 77.99% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $462.96 per/sqft which puts the price per square foot 40.26% lower than the median price per square foot for the city of Los Angeles.

About 832 N Edinburgh Ave

Detailed summary of property

832 N Edinburgh Ave is a multi family located in Los Angeles, CA 90046 and is currently for sale. This multi family property offers 4 bedrooms, 10 bathrooms, roughly 4,752 living square feet, and sits on an approximately 6,613 square foot lot. 832 N Edinburgh Ave was first listed on ArdentRealEstateGroup.com on June 26, 2024. The homeowner is currently asking $2,200,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 77.99% higher than the median priced home. Local competing homes currently for sale include 461 N Vista St, 7401 Fountain Ave and 126 S Kings Rd. While the average home in Los Angeles, CA is selling in 99 days, 832 N Edinburgh Ave has a days on market of 5 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 832 N Edinburgh Ave Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 832 N Edinburgh Ave

Public county record property details
Beds
--
Baths
--
Year built
1925
Sq. Ft.
4,752
Lot Size
6,611
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
94
APN
5529-021-060

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,999,999
Median List Price/Sq.Ft.
$905
Median Sold Price
$1,713,000
Median Sold Price/Sq.Ft.
$1,000
Total Inventory
254
Median Sale to List Price %
95.22%
Avg Days on Market
45
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (7.69%), Other (11.54%)

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Recently Sold Homes Near 832 N Edinburgh Ave

813 N Edinburgh Ave, Los Angeles, CA 90046
$2,200,000 Last Sold Price
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800 N Edinburgh Ave, Los Angeles, CA 90046
$1,767,500 Last Sold Price
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7965 Waring Ave, Los Angeles, CA 90046
$1,767,500 Last Sold Price
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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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