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Multifamily

1425 Edgecliffe Drive

1425 Edgecliffe Dr, Los Angeles, CA 90026

Listing Price: $1,875,000

Cap Rate
4.65%
Number of Units
5
GRM
14.16
Price/Unit
$375,000
Price/Gross SF
$554.90
Gross SF
3,379

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment building located at 1425 Edgecliffe Drive in Los Angeles, CA. The subject property is located just south of Sunset Boulevard in one of the most vibrant pockets of Silver Lake.

Nestled in Silver Lake and within walking distance to the Sunset Triangle and Sunset Junction, 1425 Edgecliffe offers tenants a plethora of shops, eateries, bars and coffee shops. Silver Lake remains a hub of cultural vibrancy; the area stands out not only for its desirability but also for the significant rent growth over the past 10 years. Silver Lake has persisted as one of L.A’s most desirable neighborhoods.

Situated on a 7,355 square foot parcel, the property comprises of one, one-bedroom unit and four two-bedroom units. New ownership can potentially add an Additional Dwelling Unit (ADU) to maximize income and appreciation potential.

The property’s irreplaceable location near Sunset Boulevard coupled with the value-add potential and recent improvements, make 1425 Edgecliffe an excellent acquisition opportunity for investors.

Investment Highlights

  • Ideally Located in the Heart of Silver Lake, Tenants have Access to Some of the Best Eateries, Nightlife and Local Shopping that LA has to Offer
  • Boasting a Walk Score of 97 (Walker's Paradise), 1425 Edgecliffe is Just Steps from the Iconic Sunset Junction, Sunset Triangle, and the Silver Lake Farmers Market
  • There is 44 Percent Remaining Rental Upside Through Interior Renovations – Not Including Potential ADU Income
  • Current Ownership Has Recently Renovated 67% of Units with New Kitchens, New Bathrooms, Flooring, Appliances and More.
  • The Offering is Located Within a 15 Minute Radius of Over 100 Million SF of Office which Attracts High-Income Tenant Profiles and Drives Rental Growth
  • New Ownership has Potential to an Add Accessory Dwelling Unit (ADU) to the Property Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify

Exclusively Listed By

Financing By

Multifamily

1425 Edgecliffe Drive

Listing Price: $1,875,000

Cap Rate
4.65%
Number of Units
5
GRM
14.16
Price/Unit
$375,000
Price/Gross SF
$554.90
Gross SF
3,379

Investment Highlights

  • Ideally Located in the Heart of Silver Lake, Tenants have Access to Some of the Best Eateries, Nightlife and Local Shopping that LA has to Offer
  • Boasting a Walk Score of 97 (Walker's Paradise), 1425 Edgecliffe is Just Steps from the Iconic Sunset Junction, Sunset Triangle, and the Silver Lake Farmers Market
  • There is 44 Percent Remaining Rental Upside Through Interior Renovations – Not Including Potential ADU Income
  • Current Ownership Has Recently Renovated 67% of Units with New Kitchens, New Bathrooms, Flooring, Appliances and More.
  • The Offering is Located Within a 15 Minute Radius of Over 100 Million SF of Office which Attracts High-Income Tenant Profiles and Drives Rental Growth
  • New Ownership has Potential to an Add Accessory Dwelling Unit (ADU) to the Property Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment building located at 1425 Edgecliffe Drive in Los Angeles, CA. The subject property is located just south of Sunset Boulevard in one of the most vibrant pockets of Silver Lake. Nestled in Silver Lake and within walking distance to the Sunset Triangle and Sunset Junction, 1425 Edgecliffe offers tenants a plethora of shops, eateries, bars and coffee shops. Silver Lake remains a hub of cultural vibrancy; the area stands out not only for its desirability but also for the significant rent growth over the past 10 years. Silver Lake has persisted as one of L.A’s most desirable neighborhoods. Situated on a 7,355 square foot parcel, the property comprises of one, one-bedroom unit and four two-bedroom units. New ownership can potentially add an Additional Dwelling Unit (ADU) to maximize income and appreciation potential. The property’s irreplaceable location near Sunset Boulevard coupled with the value-add potential and recent improvements, make 1425 Edgecliffe an excellent acquisition opportunity for investors.

Exclusively Listed By

Financing By

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