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Seller's Agent in 2022
Kevin Kawaoka, CCIM
NAI Capital, Inc.
OFFERED FOR THE FIRST TIME IN 17 YEARS! 175 & 179 N Edgemont Street is comprised of Two 6-unit multifamily structures (side by-side) located in the trendy and high growth area of Koreatown. Each building sits on it's own parcel (5518-012-015 & 5518-012-016) and is comprised of a rare mix of 6 extra large Studio + Den apartment homes (12 units total); (Ample parking 14 spaces). Easy to own and operate, simple management. These two-story walk-up style complexes were built in 1940. Each unit is +- 600 square feet on average. These twin sister buildings command a corner location and are located less than half a mile to the metro station. The area boasts a healthy score of 88 on walkability providing the ideal location & crossroads for where millennials want to live, work and play. Incredible Development Opportunity: PRICED AT LAND VALUE FOR 2 CONTIGUOUS MASSIVE CORNER LOTS OF NEARLY 11,000 SQ, FT. TOTAL WITH EXTRA WIDE FRONTAGE ON BOTH STREETS. ZONED LAR3 LOCATED IN OPPOUTUNITY ZONE + BENEFIT OF A TOC TIER 3 OVERLAY + DENSITY BONUS FOR FUTURE DEVELOPMENT POTENTIAL (Buyer to conduct their own due diligence with the City of Los Angeles).
Last Agent to Sell the Property
Kevin Kawaoka, CCIM
NAI Capital, Inc. License #01733613 Listed on: 06/12/2022
Last Buyer's Agent
Kevin Kawaoka, CCIM
NAI Capital, Inc. License #01733613 Listed on: 06/12/2022
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/14/2022 09/14/22 | Sold | $2,500,000 | 0.0% | $342 / Sq Ft |
| 08/30/2022 08/30/22 | Pending | -- | -- | -- |
| 08/15/2022 08/15/22 | Price Changed | $2,499,000 | -7.3% | $342 / Sq Ft |
| 07/22/2022 07/22/22 | Price Changed | $2,695,000 | 0.0% | $369 / Sq Ft |
| 07/22/2022 07/22/22 | For Sale | $2,695,000 | +7.8% | $369 / Sq Ft |
| 07/21/2022 07/21/22 | Off Market | $2,500,000 | -- | -- |
| 07/21/2022 07/21/22 | For Sale | $2,650,000 | +6.0% | $362 / Sq Ft |
| 06/21/2022 06/21/22 | Off Market | $2,500,000 | -- | -- |
| 06/12/2022 06/12/22 | For Sale | $2,650,000 | -- | $362 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,657 | $1,248,480 | $1,040,400 | $208,080 |
| 2024 | $15,657 | $1,224,000 | $1,020,000 | $204,000 |
| 2023 | $15,369 | $1,200,000 | $1,000,000 | $200,000 |
| 2022 | $11,028 | $862,784 | $734,018 | $128,766 |
| 2021 | $10,883 | $845,868 | $719,626 | $126,242 |
| 2020 | $10,986 | $839,206 | $712,248 | $126,958 |
| 2019 | $10,577 | $822,792 | $698,283 | $124,509 |
| 2018 | $10,455 | $806,700 | $684,592 | $122,108 |
| 2016 | $9,948 | $773,445 | $658,009 | $115,436 |
| 2015 | $9,811 | $761,829 | $648,126 | $113,703 |
| 2014 | $8,489 | $930,000 | $650,000 | $280,000 |
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Seller's Agent in 2022
Kevin Kawaoka, CCIM
NAI Capital, Inc.
Source: The MLS
MLS Number: 22-167691
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