1120 W Edgeware Road, Los Angeles, CA 90026
List Price: $1.5M
Listing Status: Active
0Days on Market: 26
6 Bedrooms · 3 Bathrooms · 2,636 sq ft
Property Type: ResidentialIncome
Year Built: 1925
Lot Size: 4,597 sq ft
MLS Number: 26672361
About This Property
Back on Market- no fault to the property. One unit vacant and property appraised for $1,625,000. Built in 1925 and situated in the heart of Angelino Heights HPOZ, this triplex delivers the rare combination of historic character and investment potential; three character filled 2-bedroom, 1-bathroom units- all with in-unit laundry, private outdoor spaces, hardwood floors, original built-ins, and west-facing views of the hills. Updates and upgrades include: roof, window, plumbing, and electrical upgrades, and newer appliances. The two leased units are currently below market at $3,700 and $3,400 per month, with upside potential as leases turn. The top unit (delivered vacant)lives like its own house and has an estimated $4,000 rent per month for a combined monthly income of $11,100. For the owner-user, the value proposition is equally strong: live in the top unit and let the bottom two help service the debt. Steps from Echo Park Lake and minutes from Sunset Boulevard, Angelino Heights HPOZ status ensures the neighborhood's character is protected for the long term. Full inspection reports and disclosures available with a counter offer. Property recently appraised at $1,625,000. The buyer completed every inspection and report, then had to cancel at no fault of the property. You inherit all the due diligence, none of the uncertainty, and a seller ready to move. Easy to show with 24-hour notice.
Listing provided by: Emily Johnson DRE #01877330 323-665-1700 emily.johnson@sothebys.realty, Sotheby's International Realty