NOT LISTED FOR SALE

1030 N Edinburgh Ave West Hollywood, CA 90046

11 Beds
11 Baths
8,080 Sq Ft
6,254 Sq Ft Lot

Last Sold December 28, 2021

Last sale price $3,150,000 $390 Per Sq Ft

72 Days on Market

Highlights

  • Gated Parking
  • Ceiling Fan
  • Carpet
  • Laundry Room

About This Home

As of December 2021

A nine-unit value-add investment opportunity in the highly sought-after submarket of West Hollywood located just west of Fairfax Ave between Santa Monica Blvd and Melrose Ave. This ideal location is walking distance to many desirable destinations such as Whole Foods, Laurel Hardware, Ysabel, Employees, plus many others.The building features a desirable unit mix of seven spacious one-bedrooms (+\-700-850 SF) and two two-bedrooms (+\- 1,000 SF) with 10 parking spaces. Most of the units are leased at below market rents, providing an investor the opportunity to capture the 43% rental upside through further interior renovations as units turn (currently 2 units are vacant). The building has been well-maintained throughout the years with a new roof installed in 2021, copper plumbing throughout and a completely upgraded fire sprinkler system. Additionally, the property has a community laundry room with one washer and one dryer, is separately metered for gas and electricity and has a storage room at the rear of the property that could potentially be converted to an ADU (Buyer to verify).West Hollywood is one of the most coveted submarkets in Los Angeles and a top travel destination attracting those in entertainment, fashion, and entrepreneurship. The subject property has an incredibly high walk score of 95 with prominent dining and nightlife options to choose from. Tours by appointment only. Please do not visit the property or disturb current tenants. Thank you.

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 09/01/2021

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 09/01/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,254 Sq Ft Lot
  • Sprinkler System

Interior Spaces

  • 8,080 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Vertical Blinds
  • Laundry Room

Kitchen

  • Oven or Range
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Bathrooms

Parking

  • 10 Parking Spaces
  • Gated Parking

Location

  • City Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 5529-014-040

Community Details

Overview

  • 2 Buildings
  • 9 Units

Additional Features

  • Laundry Facilities
  • Vacancy Allowance $6,872

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8080
  • Lot Acreage: 0.1436
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Carpet
  • Appliances: Cooktop - Gas, Gas/Electric Range
  • Bedrooms: 11
  • Laundry: Community, Laundry Area
  • Total Bathrooms: 11.00
  • Equipment: Refrigerator, Range/Oven, Hood Fan, Ceiling Fan
  • Price Per S Q F T: 407.80
  • Windows: Vertical Blinds

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Gated Underground
  • Total Parking: 10

Utilities

  • Cooling: Wall/Window, Window Unit(s), Wall Unit(s)
  • Heating: Natural Gas

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Percent: 76.46
  • Assessed Improvement Value: 226403
  • Assessed Land Percent: 23.54
  • Assessed Land Value: 69687
  • Total Assessed Value: 296090
  • Assessor Parcel Number: 5529-014-040
  • Lot Location: City
  • Lot Size Area: 6254

Rental Info

  • Total Actual Rent: 15205.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.98
  • Number Of Units: 9
  • Total Annual Expense: 68289
  • Type Of Units: Apartments
  • Vacancy Allow: 6872
  • Vacancy Allow Percent: 3.75
  • Vacancy Rate: 0%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2021 12/28/21 Sold $3,150,000 -4.4% $390 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $3,295,000 -- $408 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    4 in this area

    86 Total Sales

    Neema Ahadian
    Section Image
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Map

Source: The MLS

MLS Number: 21-786236

The MLS

California Los Angeles County West Hollywood 90046

1030 N Edinburgh Ave, West Hollywood, CA

This home is located at 1030 N Edinburgh Ave, West Hollywood, CA 90046 since 01 September 2021. This property was built in 1963. 1030 N Edinburgh Ave is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Larchmont Charter School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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