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33960654

1350 EDGECLIFFE DR, LOS ANGELES, CA 90026 For Sale

MS
CA 01911703
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$3,350,000
19 days on market
Updated 4 days ago

1350 Edgecliffe Ave

Details
APN 5427-024-033
Property Type Multifamily
Square Footage 11,676
Net Rentable (SqFt) 11,676
Units 13
Cap Rate 5.48%
NOI $183,711
Occupancy 92%
Pro-Forma Cap Rate 8.17%
Pro-Forma NOI $273,711
Price per SqFt $308
Class A
Year Built 1955
Buildings 1
Lot Size (SqFt) 11,087
Zoning LARD1.5
Parking Spaces 13 spaces
Parking per 1,000 SqFt 1.11

13 Units in Silverlake

Marketing description

The Sterman Multifamily Group of Marcus & Millichap is pleased to present 1350 Edgecliffe Avenue, a 13-unit apartment property located in the highly desirable Silver Lake submarket of Los Angeles. First time on the market in 28 years, the property was constructed in 1955 and is situated on an approximately 11,087 square foot lot with roughly 11,676 square feet of rentable space. The unit mix consists of six (6) one-bedroom/one-bath units and seven (7) two-bedroom/one-bath units, offering a strong and balanced layout that appeals to a broad tenant base. The property also provides thirteen (13) off-street parking spaces and has completed its seismic retrofit.

1350 Edgecliffe Avenue benefits from its prime Silver Lake location just off Sunset Boulevard, near the heart of the highly sought-after Sunset Junction corridor, placing tenants within immediate reach of popular dining, retail, and entertainment destinations. The property offers convenient connectivity to major employment hubs including Downtown Los Angeles, Hollywood, and Glendale, as well as excellent access to major thoroughfares such as Sunset Boulevard, the US-101, and surrounding arterials, allowing for efficient travel throughout Los Angeles.

The property presents a compelling value-add opportunity through significant upside in rents. With its excellent location, strong unit mix, and long-term ownership history, 1350 Edgecliffe Avenue offers investors a unique opportunity to capitalize on both stability and future growth in one of Los Angeles’ most vibrant rental markets.

Investment highlights

First Time for Sale in 28 Years!

• Excellent Silverlake Location

• Strong Unit mix consisting of six (6) one-bedroom/one-bath units, seven (7) two-bedroom/ one-bath units

• 13 Off Street Parking Spaces

• Seismic Retrofit Completed

• Significant Upside in Rents

• Convenient connectivity to major employment hubs, including Downtown Los Angeles, Hollywood, and Glendale

• Great access to major thoroughfares including Sunset Boulevard, the US-101, and nearby arterials, providing efficient connectivity throughout Los Angeles

Listing Contacts

MS
CA 01911703
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$183,711.00
$15,309.25/mo

Valuation Metrics

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DSCR
5.48%
Cap Rate
5.48%
ROI

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