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1406 Edgecliffe Drive

Los Angeles (City), CA 90026
  • $1,800,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 21104995
UPDATED: 58 min ago
$1,800,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1912
County:

School Ratings & Info

Listing provided courtesy of Adam Zunder of Iconic Investments and Alexavier Shin of Iconic Investments

Description

1406 Edgecliffe Drive, located in the sophisticated hip Silver Lake neighborhood of Los Angeles, is a two-unit freestanding house and back unit. This property is great for an owner user or as investment. The front house is a well-cared for 2,035 SF Craftsman bungalow with period details and charm. It is in good shape and has many updates. The main house has 4 bedrooms and 2 bathrooms and a bonus den adjacent to the kitchen. Behind the main house is a freestanding one bedroom/one bathroom 755 SF casita built in 1964. The front unit will be delivered vacant at closing and can be rented for $5,000 per month. The back unit is currently being rented for $1,000 per month. The back unit will help off-set the costs of living in the front unit. The total living area of both units is 2,790 square feet on a 7,353 square foot lot. Both units offer individual water heaters, in-unit laundry hook-up, and are separately metered for gas and electricity. An additional property amenity is 6 on-site parking spaces. Updates to the property include new appliances, new flooring, updated landscaping, a newer roof installed within the last 5 years, new air conditioning units and new plumbing and electrical.As the epicenter of hipster lifestyle in Los Angeles, Silver Lake is brimming with artisanal coffee shops and restaurants, trendy bars, and funky boutiques along its mural-lined streets. This once-gritty creative community has become home to celebrities, professionals, and families. With some of the strongest demographic analytics in the Los Angeles region, Silver Lake is an ideal community for apartment investors. The local population is relatively affluent, single, and predominantly renter-based, with 84% of residents considered white-collar, nearly 65% single, and with an average household income of $102,000 annually, 71% of residences are renter-occupied. The Silver Lake neighborhood is centrally located in Los Angeles and the property is a short 10-minute drive to adjacent major employment centers in Downtown, Hollywood, Koreatown, and Miracle Mile. 1406 Edgecliffe is in walking distance to all the amenities Silverlake has to offer including coffee shops such as Coffee Memes, local restaurants such as Bacari Silverlake, Kombu Sushi, 33 Taps, El Cochinito Restaurant, Millie's Cafe, and El Conquistador, a weekly farmer's market, and the lively Sunset Blvd.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-26T17:26:27.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123326094
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1406 Edgecliffe Drive Los Angeles (City), CA 90026

  • Price: $1,800,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 58 min ago
  • ID#: 21104995
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1912
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
1406 Edgecliffe Drive, located in the sophisticated hip Silver Lake neighborhood of Los Angeles, is a two-unit freestanding house and back unit. This property is great for an owner user or as investment. The front house is a well-cared for 2,035 SF Craftsman bungalow with period details and charm. It is in good shape and has many updates. The main house has 4 bedrooms and 2 bathrooms and a bonus den adjacent to the kitchen. Behind the main house is a freestanding one bedroom/one bathroom 755 SF casita built in 1964. The front unit will be delivered vacant at closing and can be rented for $5,000 per month. The back unit is currently being rented for $1,000 per month. The back unit will help off-set the costs of living in the front unit. The total living area of both units is 2,790 square feet on a 7,353 square foot lot. Both units offer individual water heaters, in-unit laundry hook-up, and are separately metered for gas and electricity. An additional property amenity is 6 on-site parking spaces. Updates to the property include new appliances, new flooring, updated landscaping, a newer roof installed within the last 5 years, new air conditioning units and new plumbing and electrical.As the epicenter of hipster lifestyle in Los Angeles, Silver Lake is brimming with artisanal coffee shops and restaurants, trendy bars, and funky boutiques along its mural-lined streets. This once-gritty creative community has become home to celebrities, professionals, and families. With some of the strongest demographic analytics in the Los Angeles region, Silver Lake is an ideal community for apartment investors. The local population is relatively affluent, single, and predominantly renter-based, with 84% of residents considered white-collar, nearly 65% single, and with an average household income of $102,000 annually, 71% of residences are renter-occupied. The Silver Lake neighborhood is centrally located in Los Angeles and the property is a short 10-minute drive to adjacent major employment centers in Downtown, Hollywood, Koreatown, and Miracle Mile. 1406 Edgecliffe is in walking distance to all the amenities Silverlake has to offer including coffee shops such as Coffee Memes, local restaurants such as Bacari Silverlake, Kombu Sushi, 33 Taps, El Cochinito Restaurant, Millie's Cafe, and El Conquistador, a weekly farmer's market, and the lively Sunset Blvd.
Exterior Features

Architectural Style Craftsman Parking Features PrivateShared Driveway Parking Total 6 Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Appliances DishwasherDisposalMicrowaveRefrigeratorDryerWasher Heating Forced Air Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Association Fee 0 Community Features Gated Gross Income 12000 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 12000 New Construction YN No Possession Close Of Escrow Rent Control YN No Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-26T17:26:27.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing provided courtesy of Adam Zunder of Iconic Investments and Alexavier Shin of Iconic Investments