$ 1,499,000
-
$1,499,000
Price -
4
Bed -
2
Bath -
2,636
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing CLW-X70367 - CLW-C99588
Built in 1925 and situated in the heart of Angelino Heights, one of Los Angeles' most storied and protected Historic Preservation Overlay Zones, this triplex delivers the rare combination of historic character and investment performance that serious buyers spend years chasing. Three spacious 2-bedroom, 1-bathroom units all with hardwood floors, French doors, original built-ins, in-unit laundry, private outdoor spaces, and west-facing views of the hills. The 1920s bones have been preserved where they matter most and updated where they count: newer roof, windows, electrical upgrades, and refreshed appliances. The numbers are compelling. At a $1,500,000 purchase price, the property could generate $148,800 GOI with a cap rate of 7.48%, based on property tax and insurance expenses only. 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) has an estimated $4,200 rent per month for a combined monthly income of $11,300 creating immediate cash flow, with additional NOI growth built in as rents are brought to market. For the owner-user, the value proposition is equally strong: live in the top unit and let the bottom two service the debt, with built-in equity from day one. 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 appraised at $1,625,000. A 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 Highlights
Status
Active
Days on Site
0
Property Type
Multi-Family
MLS ®
26672361
Year Built
1925
Total Square Footage
2,636
Lot/Acreage
0.11
County
Los Angeles
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances: Dishwasher, Microwave, Refrigerator, Dryer, Washer
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LARD2
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: On Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5405007013
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1120 W Edgeware Rd Los Angeles, CA 90026
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
