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1223 N Edgemont St
Los Angeles, CA 90029 Little Armenia

$5,700,000 USD

Apartments For Sale  •  14,680 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,680 SF
  • Lot Size 0.2 AC
  • Building Class B
  • Year Built 2019
  • Cap Rate 5.25 %
  • Zoning R3-1XL
71 Transit Score
92 Walk Score

Highlights

New Construction (2019) | Not Subject to Rent Control (AB 1482 Exempt)
100% Occupied with 92% Year-Over-Year Tenant Retention
Walkable Location | 92 Walk Score | Steps from Fountain Avenue Retail Corridor
Loft-Style Two-Story Floor Plans | Average Unit Size of 877 SF
Below Replacement Cost Basis with ~33% Discount to Replacement
Walkable to Major Medical Employment | ~0.3–0.4 Miles to Kaiser Permanente, Children’s Hospital LA, and Hollywood Presbyterian
Cap Rate: 5.25 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Heating
  • High Speed Internet Access
  • Stainless Steel Appliances
  • Walk-In Closets
  • Deck
  • Loft Layout
  • Quartz Countertops

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 3.9 mi
10 min - 5.2 mi
Transit/SubwayDriveWalkDistance
Vermont/Sunset Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 10 min 0.5 mi
Vermont/Santa Monica Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 10 min 0.5 mi
AirportDriveWalkDistance
Bob Hope 20 min - 10.6 mi
Los Angeles International 31 min - 15.8 mi
Long Beach (Daugherty Field) 39 min - 27.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: AttachedGarage
Included in Rent: Yes
Paul Darrow 310-742-9964 Walker & Dunlop
Paul Darrow 310-742-9964 Walker & Dunlop