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Listed by: Roderick 'Rick' Raymundo (213) 943-1855 DRE #01357019 | Marcus & Millichap (818) 212-2700
$4,995,000
20 Beds
- 16 Baths
13,760sqft
1852 -62 N Edgemont St, Los Angeles, CA 90027
$4,995,000
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Multi Family
Built in 1937
$-- HOA
20,477 sqft lot
$363/sq.ft
Description
Occupying two parcels with excellent visibility on the corner of Franklin Avenue and Edgemont Street, the property features a favorable unit mix with mostly two-bedroom units, half of which are townhouse floor plans. The classic French-Normandy buildings house spacious apartment layouts, with units averaging over 1,000 square feet of living area. Several units have already been renovated, providing a blueprint to add considerable value to the remainder of the property and potentially recapture approximately 29% in rent upside. A unique and lucrative benefit of this property is the substantial amount of supplemental income that it generates, by virtue of its 12 private par...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1937
HOA Fees
-
Finished Area
13,760 sqft
Lot Size
20,477 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25547701
MLS Status
Active
Days on Market
193
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