Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

Property Description

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).

Features
: Wall Furnace
: City Lights
2
0
Additional Information
Marcus & Millichap
0
CLW-X92444
CLW-X75151
Jason
5529021060
: Standard
4
Two
32

Multi-Family For Sale

832 Edinburgh Avenue, Los Angeles, California 90046

4,752 Sqft
$2,200,000
Listing ID #24408745
Basic Details
Status : Active under contract
DaysOnMarket : 16
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24408745
Price : $2,200,000
Living Area : 4,752 Sqft
Lot Size : 6,613 Sqft
Year Built : 1925
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90046
Price Per Square Foot : $463
ModificationTimestamp : 2024-07-12 13:15:40
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent