830 E Edgeware Rd, Los Angeles, CA 90026

Description

830 N Edgeware Road presents the opportunity to acquire a fully renovated, character-rich seven-unit multifamily property in Echo Park's historic Angelino Heights neighborhood. The property is uniquely configured with a five-unit apartment building and two detached single-family bungalows, offering a mix of traditional multifamily income and highly desirable residential-style units. A particularly compelling feature is its favorable rent-control profile. The City of Los Angeles has formally determined that the five apartment units at 830 Edgeware are not subject to the Los Angeles RSO, as the structure was converted from commercial to residential use after the applicable RSO cutoff date. The two detached bungalows at 832 and 832 1/2 Edgeware, originally constructed in 1910 and 1903, respectively, are subject to the RSO. This combination provides an investor with five non-RSO units alongside two distinctive bungalow residences with private yards. Ownership has completed extensive renovations and capital improvements, addressing many of the major systems and deferred-maintenance items typically associated with vintage Los Angeles multifamily properties. All seven residences have been renovated and feature in-unit washers and dryers, while multiple units offer private yards and four units include on-site parking. The documented permit history includes significant foundation and structural work, roof replacements, window replacement, exterior siding, insulation and drywall improvements, along with additional electrical work. The result is a substantially improved asset that retains the architectural character associated with Angelino Heights. The unit mix is exceptionally well suited to the surrounding rental market, consisting of a one-bedroom plus den, four two-bedroom units, a two-bedroom bungalow and a three-bedroom bungalow. Several residences also benefit from private outdoor space, including both detached bungalows. Located within the Angelino Heights HPOZ, 830 Edgeware combines historic residential character with a Los Angeles location. The property sits within the greater Echo Park market with convenient access to Downtown Los Angeles, Silver Lake, and surrounding employment, dining, entertainment, and recreational amenities. The combination of a low-density seven-unit configuration, renovated interiors, private outdoor space, two detached homes and five non-RSO apartments creates a differentiated offering within one of Los Angeles' established infill rental markets.