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816 N Edinburgh Avenue

Los Angeles (City), CA 90046
  • $3,995,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 23304757
UPDATED: 69 min ago
$3,995,000
  • 14
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,820
    SQFT
  • $586
    $/SQFT
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Rich Johns of Kw Commercial Studio City (818-432-1500)


Description

BEST IN CLASS Renovations Completed in 2023 - Rare & Exceptionally Upgraded Multifamily Opportunity being offered for Sale following a major and significant renovation in 4 of 6 units and Much of the Common Areas. Built in 1964 and renovated/upgraded in 2022 & 2023, the property features a total building square footage for 6 Units of +/-6,820.FOUR of SIX UNITS (#2, 3, 5 and 6) feature Condo Quality, Spacious, Modern and Fully Renovated apartment homes with ALL-NEW central heat & air conditioning, in-unit washer/dryer, full size closets and very large square footages. Condo-level interior finishes include open floor plans with wood floors, custom tile, designer kitchen cabinetry, quartz stone countertops and stainless-steel appliances. Other features include larger than market room sizes, walk-in closets, ceiling fans, recessed lighting, plenty of natural light, ceiling fans and spacious balcony(s). The estimated cost of all renovation and upgrades total +/- $700,000. OUTSTANDING UNIT COMPOSITION - Two (2) Two-bedroom | Two-bathroom apartments, One (1) One-bedroom | One-bathroom unit and Three (3) Three-bedroom | Three-bathroom apartment homes.EXTERIOR & BUILDING SYSTEMS UPGRADES - Soft-Story Retrofit completed, new exterior color palette, gated entry, drought-tolerant landscaping, new electrical service panels and new plumbing in renovated units.CENTERED IN A PREMIER LOCATION Tons of Vibrant and Popular Venues within Blocks. Situated in one LA's best neighborhoods and within 2 blocks of either Melrose or Fairfax Avenues. Short distances away you'll find The Grove, Numerous Cafes and restaurants on Santa Monica Blvd. Fairfax Avenue away (+/- 10 minute walk)NEIGHBORHOOD VALUES - $2,970,000 Median Sale Price for Single Family Homes.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T08:31:19.177. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142802927
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816 N Edinburgh Avenue Los Angeles (City), CA 90046

  • Price: $3,995,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 69 min ago
  • MLS #: 23304757
14
Beds
0
Baths
0
½ Baths
0.15
Acres
6,820
SQFT
$586
$/SQFT
1964
Built
Neighborhood:
C10 - West Hollywood Vicinity
County:
Los Angeles
Area:
C10 - West Hollywood Vicinity
Property Description
BEST IN CLASS Renovations Completed in 2023 - Rare & Exceptionally Upgraded Multifamily Opportunity being offered for Sale following a major and significant renovation in 4 of 6 units and Much of the Common Areas. Built in 1964 and renovated/upgraded in 2022 & 2023, the property features a total building square footage for 6 Units of +/-6,820.FOUR of SIX UNITS (#2, 3, 5 and 6) feature Condo Quality, Spacious, Modern and Fully Renovated apartment homes with ALL-NEW central heat & air conditioning, in-unit washer/dryer, full size closets and very large square footages. Condo-level interior finishes include open floor plans with wood floors, custom tile, designer kitchen cabinetry, quartz stone countertops and stainless-steel appliances. Other features include larger than market room sizes, walk-in closets, ceiling fans, recessed lighting, plenty of natural light, ceiling fans and spacious balcony(s). The estimated cost of all renovation and upgrades total +/- $700,000. OUTSTANDING UNIT COMPOSITION - Two (2) Two-bedroom | Two-bathroom apartments, One (1) One-bedroom | One-bathroom unit and Three (3) Three-bedroom | Three-bathroom apartment homes.EXTERIOR & BUILDING SYSTEMS UPGRADES - Soft-Story Retrofit completed, new exterior color palette, gated entry, drought-tolerant landscaping, new electrical service panels and new plumbing in renovated units.CENTERED IN A PREMIER LOCATION Tons of Vibrant and Popular Venues within Blocks. Situated in one LA's best neighborhoods and within 2 blocks of either Melrose or Fairfax Avenues. Short distances away you'll find The Grove, Numerous Cafes and restaurants on Santa Monica Blvd. Fairfax Avenue away (+/- 10 minute walk)NEIGHBORHOOD VALUES - $2,970,000 Median Sale Price for Single Family Homes.
Exterior Features

Parking Features None Parking Total 5

Interior Features

Appliances DishwasherDryerWasher Cooling Central AirWall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating CentralNatural Gas Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Cap Rate 4.7 Community Features Gated Disclosures Principal is Real Estate LicensedRent Control Gross Income 257881 Laundry Features Stacked Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 186725 New Construction YN No Possession Close Of Escrow Property Condition Additions/AlterationsUpdated/Remodeled Rent Control YN Yes Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T08:31:19.177. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Rich Johns of Kw Commercial Studio City (818-432-1500)