1045 N EDINBURGH AVE

WEST HOLLYWOOD, CA, 90046

$4,295,000

$499 per ft²
$4,295,000
$499 per ft²
Active Under Contract
Active Under Contract
 - For Sale
beds
14 Beds
baths
14 Baths
carpenters-square
8,605 ft²
property_type
Multi-family
calendar
Built 1958
Excellent West Hollywood location just South of Santa Monica and West of Fairfax. This is truly walkers' paradise with a walk score of 95 and an annual household income of $121,557 with in a 1-mile Radius of the subject property. Large units with large floor plans. Situated on a 6,532 SF lot, the property consists of 8,605 rentable SF and features six (6) one-bedroom/one-bathroom, and four (4) two-bedroom/two-bathroom units. Most of the units either have private balconies or patios. 10 covered and secured parking spaces, one space for each unit, secured by a gated fence with remote access. Immediate value add opportunity with four (4) vacant units which can be immediately renovated and rented at the market rate. This property is secured by a tall, gated fence which is locked at all times and can only be accessed through the intercom on the exterior part of the fence. The property boasts an incredibly high cap rate of 4.5% (the average cap rate sold in West Hollywood in the past 12 months has been 3.6%). 1045 Edinburgh is significantly higher than that, offering an investor the opportunity to renovate the units and cash flow at a much higher level. This property is not currently on the cities soft story seismic retrofitting program, which is a huge benefit to the buyer as doing the retrofitting work can be extremely costly and the cost of the work can't be passed on to the tenant in the city of West Hollywood.
MLS® ID:
22-160967
Listed:
5/30/22
Updated:
6/29/22

Interior Features

Total Bedrooms
14
Total Bathrooms
14
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
6,532 ft² lot

Other Property Details

Garage
No
Parking
Covered Parking
Parking Total
10.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
WDR3C*

Property History

Date
Event
Price
Value
6/22/22
Active Under Contract
-
-

 

Courtesy of Saadia ''Sam'' Liberow, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Living the Dream shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/29/22

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