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Map
$2,137,780*
●
Multifamily -
Off Market
113 S Edgemont Street
Los Angeles, CA 90004
Studio
0 Bath
$1,440,000 - $1,758,000
Reference Base Price*
33.61%
Since Nov 1, 2020
CA-Los Angeles
Primary Model
About This Property
GREAT OPPORTUNITY AND INVESTMENT IN KOREATOWN!!! R-3 ZONING!!!
RIGHT IN THE HEART OF LOS ANGELES!!! THIS CASH-FLOWING,
TAX-SHELTERING, CASH-FLOWING, CASH-ON-CASH RETURNING PROPERTY HAS
THE ABILITY TO BUILD ADDITIONAL UNITS. BORDERED BY SILVER LAKE AND
ECHO PARK. "JUST" BLOCKS AND WALKING DISTANCE AWAY TO WILSHIRE
CENTER, WILSHIRE AND WESTERN, BUS / TRAINS / SUBWAY STATIONS, ETC.
THIS INCOME PROPERTY IS HAS A TERRIFIC UPSIDE POTENTIAL, FANTASTIC
RATES OF RETURN WITH A 3.31% CAP RATE (POTENTIAL FOR 5.00%), AND
24.51% GROSS RENT MULTIPLIER (POTENTIAL FOR 14.00%) FOR THE AREA --
TONS OF ROOM FOR GROWTH!!! PRICED TO SELL. LOTS OF UPSIDE IN RENTS
($61,200.00 IN GROSS INCOME AND DUE FOR ANNUAL INCREASE). POTENTIAL
RENTS ARE $96,000 to $192,000 ANNUALLY. TONS OF GENTRIFICATION
HAPPENING IN THE AREA. LARGE SIZE FOR THE AREA -- OVER 4,274 SQ.FT.
OF LIVING SPACE, 4 CAR GARAGES (2 CARS FOR EACH UNIT) AND MORE.
JUST UNDER $351K/SQ.FT. THIS PROPERTY HAS THE POTENTIAL TO BUILD
MULTIPLE MORE UNITS WORTH OF INCOME (ZONED R-3). THIS PROPERTY
MAINTAINS TWO(2) 3 BEDROOM AND 2 BATHROOMS. TONS OF POTENTIAL. LOTS
OF ROOM FOR PARKING AND FOR BUILDING. PERFECT PROPERTY FOR SOMEONE
TO LIVE AND RENT THE OTHERS AND BUILD MORE AS THEY GO! LOTS OF
UPSIDE!!! GREAT OPPORTUNITY TO 1031 INTO!!! THIS IS A GROWING
MARKET WITH LOTS OF GROWTH!!! DON'T WAIT BEFORE IT'S TOO LATE!!! DO
NOT MISS THIS GOLDEN OPPORTUNITY!!! *** Buyer(s) and their agents
are to determine the accuracy of the information provided ***
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1933
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jul 27, 2021 | Sold to Hyun Sook Park | $1,150,000 | |
Sold to Hyun Sook Park | |||
Oct 2, 2020 | No longer available | - | |
No longer available | |||
May 28, 2020 | Relisted | $1,599,999 | |
Relisted | |||
May 22, 2020 | No longer available | - | |
No longer available | |||
May 13, 2020 | No longer available | - | |
No longer available |
Show More
Property Highlights
Air Conditioning
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
8
Beds
5
Baths
5,844 ft²
$257/ft²
$1,499,900
Mar 25, 2024
-
-
Active
Multifamily
11
Beds
6
Baths
4,103 ft²
$427/ft²
$1,750,000
Apr 23, 2024
-
-
In Contract
Multifamily
7
Beds
4
Baths
4,660 ft²
$300/ft²
$1,399,000
Feb 29, 2024
-
-
Active
Condo
4
Beds
4
Baths
1,962 ft²
$739/ft²
$1,450,000
Apr 12, 2024
-
$495/mo
Active
House
3
Beds
2
Baths
1,635 ft²
$1,056/ft²
$1,726,000
Mar 27, 2024
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/01/2019
|
|
Studio
|
-
|
-
|
$1,599,999
Studio
-
|
-
-
|
-
|
-
|
10/05/2018
|
|
Studio
|
-
|
-
|
$1,400,000
Studio
-
|
-
-
|
-
|
-
|
Building Info
About Central LA
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