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950 Edgecliffe Dr, Los Angeles, CA 90026
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950 Edgecliffe Dr Los Angeles, CA 90026

$4,930,000 Sold Price as of 10/12/2022
  • 17 Beds
  • 16 Baths
  • 12,355 Sq.Ft.
Sold
$4,930,000 Sold Price as of 10/12/2022 Refinance Your Mortgage
Map preview of 950 Edgecliffe Dr, Los Angeles, CA 90026

Property Overview: 950 Edgecliffe Dr Los Angeles, CA has 17 bedrooms, 16 bathrooms, 12,355 living square feet and 11,893 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: An excellent 12 unit non-rent control building, located on a cul-de-sac and adjacent a wonderful park, and has a great walking score just minutes from the thriving-sought after Silver Lake Sunset Blvd neighborhood! It consist of Two 3BR-2BA units, Two 2BR-2BA units, Six 2BR-1BA units & Two 1BR-1BA units. Units have central air and heat & some units have balconies. The building has controlled gated parking area, lobby, and common laundry facility. This is an attractive Value-Add Opportunity to increase rents through Capital Improvements & Unit Renovations. Tons of upside potential on rents in a very strong market. It is also centrally located with easy commutes to Downtown LA, Hollywood & easily accessible to major freeways. Don't miss out on this excellent investment opportunity offering at 14.61 GRM and 4.03 cap.

Listed by Daniel Portillo | BRE #01181613 | eXp Realty of California, Inc.
Last checked: 14 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
11,893
HOA Dues
$0/mo
Year built
1985
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
P1-11097
City
Los Angeles
County
Los Angeles
Time on Site
748 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: --
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $1,625
  • Total Rent: $1,625
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: --
  • # of Beds: --
  • # of Baths: 1
  • Total Rent: $2,195
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 5
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,050
  • Total Rent: --
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 6
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 7
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 8
  • # of Units: --
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 9
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,800
  • Total Rent: --
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 10
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Actual Rent: $2,275
  • Total Rent: $2,275
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 11
  • # of Units: --
  • # of Beds: --
  • # of Baths: 2
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 12
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 2
  • Actual Rent: $2,373
  • Total Rent: $2,373
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $307,992
  • Net Operating Income: $181,572
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $117,216
  • Electric: $0
  • Gas/Fuel: $3,136
  • Trash: $3,527
  • Insurance: $6,269
  • Water/Sewer: $11,249

Property Details for 950 Edgecliffe Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Free-Standing Range
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • Has Fence
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 19
  • Has Parking
  • Parking Features: Assigned, Controlled Entrance, Covered
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Parcel Number: 5427017037
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Other
  • Other Subdivision Name: other
  • Directions: South of Sunset Blvd
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Park
View more facts & features

Local Los Angeles Agent

Sale History for 950 Edgecliffe Dr

Last leased for $3,195 on June 24th, 2024

  • June, 2024

  • Jun 24, 2024

    Date

    Leased

    CRMLS: 22227933

    $3,195

    Price

  • May 23, 2024

    Date

    Active

    CRMLS: 22227933

    $3,195

    Price

  • Listing provided courtesy of CRMLS

    This bright and very spacious 2 bedroom 2 bath unit spans over 850 square feet and has a open floor layout with high ceilings. The building is located on a charming cul-de-sac overlooking Bellevue Park with it's quaint walking trails, playground and sports court, and has a great walking score just minutes from the thriving-sought after Silver Lake Sunset Blvd neighborhood! . Units have central air and heat & some units have balconies. The building has controlled gated parking area, lobby, and common laundry facility. It is also centrally located with easy commutes to Downtown LA, Hollywood & easily accessible to major freeways. **Photos may not reflect that of the actual unit.

  • June, 2023

  • Jun 2, 2023

    Date

    Expired

    CRMLS: 22228207

    $2,895

    Price

  • Dec 31, 2022

    Date

    Active

    CRMLS: 22228207

    $2,895

    Price

  • Listing provided courtesy of CRMLS

    Desirable Silver Lake neighborhood, this unit has been freshly painted and has a bright & open floor plan, spacious living room, kitchen with breakfast counter, stove, dishwasher & fridge. Central air & heat, gated parking spaces, common area laundry room in building, and it is located near a park and other conveniences. Laminate wood floors in dining area & living room, this is a must see and will rent quick.

  • October, 2022

  • Oct 12, 2022

    Date

    Sold

    CRMLS: P1-11097

    $4,930,000

    Price

  • Aug 31, 2022

    Date

    Active

    CRMLS: P1-11097

    $4,500,000

    Price

  • December, 2005

  • Dec 6, 2005

    Date

    Sold (Public Records)

    Public Records

    $2,600,000

    Price

  • August, 2002

  • Aug 22, 2002

    Date

    Sold (Public Records)

    Public Records

    $405,500

    Price

Show More

Tax History for 950 Edgecliffe Dr

Assessed Value (2020): $3,635,008
Year Land Value Improved Value Assessed Value
2020 $2,181,006 $1,454,002 $3,635,008

Home Value Compared to the Market

This property vs the competition

950 Edgecliffe Dr sold on October 12, 2022 for 301.79% 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 $364.23 per/sqft which puts the price per square foot 49.69% lower than the current median sale per square foot for the city of Los Angeles.

About 950 Edgecliffe Dr

Detailed summary of property

950 Edgecliffe Dr is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 17 bedrooms, 16 bathrooms, roughly 12,355 living square feet, and sits on an approximately 11,893 square foot lot. 950 Edgecliffe Dr was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $4,930,000. 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 301.79% higher than the current median priced home. Local homes that are currently for sale include 730 S Westlake Ave, 816 S Westlake Ave and 4171 W 4th St. While the average home in Los Angeles, CA is selling in 106 days, 950 Edgecliffe Dr has a days on market of 7 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 950 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 950 Edgecliffe Dr

Public county record property details
Beds
--
Baths
12
Year built
1985
Sq. Ft.
12,355
Lot Size
11,893
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,10
APN
5427-017-037

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%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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