Property listed by Marcus & Millichap, Michael Sterman 818-212-2700
$3,350,000
We are pleased to present 1350 Edgecliffe Avenue, a 13-unit apartment property located in the highly desirable Silver Lake submarket of Los Angeles. First time on the market in 28 years, the property was constructed in 1955 and is situated on an approximately 11,087 square foot lot with roughly 11,676… Read More square feet of rentable space. The unit mix consists of six (6) one-bedroom/one-bath units and seven (7) two-bedroom/one-bath units, offering a strong and balanced layout that appeals to a broad tenant base. The property also provides thirteen (13) off-street parking spaces and has completed its seismic retrofit.1350 Edgecliffe Avenue benefits from its prime Silver Lake location just off Sunset Boulevard, near the heart of the highly sought-after Sunset Junction corridor, placing tenants within immediate reach of popular dining, retail, and entertainment destinations. The property offers convenient connectivity to major employment hubs including Downtown Los Angeles, Hollywood, and Glendale, as well as excellent access to major thoroughfares such as Sunset Boulevard, the US-101, and surrounding arterials, allowing for efficient travel throughout Los Angeles.The property presents a compelling value-add opportunity through significant upside in rents. With its excellent location, strong unit mix, and long-term ownership history, 1350 Edgecliffe Avenue offers investors a unique opportunity to capitalize on both stability and future growth in one of Los Angeles' most vibrant rental markets. Read Less
Listing Snapshot
Days Online
35
Last Updated
Beds
20
3/4 Baths
13
Square Ft.
11,676
Lot Size
0.25 Acres
Year Built
1955
MLS Number
26853991
Additional Details
Building
Built in 1955, Living area: 11676.0, 1 building, 2 stories, Levels: Two
Income
Gross Income: $300,615, Net Operating Income: $183,711
Laundry
CommonArea
Lot
0.2545 acres, Dimensions: 147x75
Parking
13 total parking spaces, Covered
Taxes
Parcel Number: 5427024033, Zoning: LARD1.5
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
