1223 N Edgemont St, Los Angeles, CA 90029
1223 N Edgemont St, Los Angeles, CA 90029
1223 N Edgemont St, Los Angeles, CA 90029
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Ever Banuelos

Ever Banuelos

+1(323) 833-9824
$5,700,000
Est. payment /mo
13 Beds
27 Baths
14,680 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,680 sqft

Price per Sqft $388

MLS Listing ID 26684751

Bedrooms 13

Year Built 2019

Lot Size 8,861 Sqft

Acres 0.2034

Property Sub-Type Multi-Family

Property Description

1223 N. Edgemont Street is a newly constructed, 14-unit multifamily community located steps from the Fountain Avenue Corridor in East Hollywood, one of Los Angeles' most supply-constrained rental submarkets. Built in 2019, the property features two-story loft-style units with high-end finishes and is not subject to rent control (AB 1482 exempt), providing long-term operational flexibility. The property is currently 100% occupied with strong tenant retention. In-place rents remain below market, offering a clear mark-to-market opportunity without the need for renovations or repositioning. With no immediate capital expenditure required, the asset presents an opportunity to acquire a stabilized, newer construction property with embedded upside. Located in a highly walkable area, residents benefit from proximity to the Fountain Avenue retail corridor and major employment anchors including Kaiser Permanente, Children's Hospital Los Angeles, and Hollywood Presbyterian Medical Center. **Please fill out the Confidentiality Agreement and email the listing agent the executed document to gain access to the OM.**

Location

State CA

County Los Angeles

Area Hollywood

Zoning R3-1XL

Interior

Heating Forced Air, Central

Laundry In Unit

Exterior

Garage Spaces 13.0

Roof Type Flat

Building

Structure Type Stucco, Concrete

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Paul Darrow

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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