Seller's Agent in 2022
Daniel Portillo
eXp Realty of California, Inc.
(626) 313-1200
1 in this area
55 Total Sales
950 Edgecliffe Dr Los Angeles, CA 90026
Silver Lake Neighborhood
15
Beds
14
Baths
12,355
Sq Ft
11,892
Sq Ft Lot
Highlights
- 0.27 Acre Lot
- Park
- Forced Air Heating and Cooling System
- John Marshall Senior High Rated A
- Laundry Room
- 4-minute walk to Bellevue Park Recreation Center
About This Home
As of October 2022An excellent 12 unit non-rent control building, located on a cul-de-sac and adjacent a wonderful park, and has a great walking score just minutes from the thriving-sought after Silver Lake Sunset Blvd neighborhood! It consist of Two 3BR-2BA units, Two 2BR-2BA units, Six 2BR-1BA units & Two 1BR-1BA units. Units have central air and heat & some units have balconies. The building has controlled gated parking area, lobby, and common laundry facility. This is an attractive Value-Add Opportunity to increase rents through Capital Improvements & Unit Renovations. Tons of upside potential on rents in a very strong market. It is also centrally located with easy commutes to Downtown LA, Hollywood & easily accessible to major freeways. Don't miss out on this excellent investment opportunity offering at 14.61 GRM and 4.03 cap.
Last Agent to Sell the Property
eXp Realty of California, Inc. License #01181613 Listed on: 08/31/2022
Last Buyer's Agent
eXp Realty of California, Inc. License #01181613 Listed on: 08/31/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Lot Details
- 0.27 Acre Lot
- Two or More Common Walls
- Fenced
- No Sprinklers
Home Design
- 12,355 Sq Ft Home
- Split Level Home
- Property Attached
Bedrooms and Bathrooms
- 15 Bedrooms
- 14 Bathrooms
Parking
- 19 Parking Spaces
- Parking Available
- Covered Parking
- Assigned Parking
- Controlled Entrance
Additional Features
- Free-Standing Range
- Laundry Room
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 195
- Assessor Parcel Number 5427017037
Community Details
Amenities
- Laundry Facilities
Recreation
- Park
Building Details
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $3,136
- Insurance Expense $6,269
- Trash Expense $3,527
- Water Sewer Expense $11,249
- Operating Expense $117,216
- Gross Income $307,992
- Net Operating Income $181,572
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/12/2022 10/12/22 | Sold | $4,930,000 | +9.6% | $399 / Sq Ft |
| 09/08/2022 09/08/22 | Pending | -- | -- | -- |
| 08/31/2022 08/31/22 | For Sale | $4,500,000 | -- | $364 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
Tax History
| 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 | $62,191 | $5,129,172 | $2,564,586 | $2,564,586 |
| 2024 | $62,191 | $5,028,600 | $2,514,300 | $2,514,300 |
| 2023 | $60,994 | $4,930,000 | $2,465,000 | $2,465,000 |
| 2022 | $45,508 | $3,746,119 | $2,247,673 | $1,498,446 |
| 2021 | $44,914 | $3,672,666 | $2,203,601 | $1,469,065 |
| 2019 | $43,588 | $3,563,735 | $2,138,242 | $1,425,493 |
| 2018 | $43,351 | $3,493,859 | $2,096,316 | $1,397,543 |
| 2016 | $41,353 | $3,358,190 | $2,014,914 | $1,343,276 |
| 2015 | $40,757 | $3,307,748 | $1,984,649 | $1,323,099 |
| 2014 | $40,939 | $3,242,955 | $1,945,773 | $1,297,182 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Portillo
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-11097
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