32
See all 32 photos
$1,499,000
Est. payment /mo
6 Beds
3 Baths
2,636 SqFt
Active
1120 W Edgeware RD Los Angeles, CA 90026
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,636 sqft
Price per Sqft $568
MLS Listing ID 26672361
Bedrooms 6
HOA Y/N No
Year Built 1925
Lot Size 4,595 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD2
Interior
Heating Wall Furnace
Flooring Wood
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features On Street
View Y/N Yes
View City Lights, Hills
Building
Story 3
Entry Level Multi/Split
Architectural Style Victorian
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5405007013
Special Listing Condition Standard
Virtual Tour https://youtu.be/H1DbC0rBOaM
Listed by Emily Johnson Sotheby's International Realty #01877330