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1406 Edgecliffe Dr

Los Angeles, CA 90026
  • $1,800,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 21-104995
UPDATED: 65 min ago
$1,800,000
  • 5
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,790
    SQFT
  • $645
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1912
County:

School Ratings & Info

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 the Combined LA/Westside Multiple Listing Service as of 2021-12-08T19:43:44.667. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/123324585
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1406 Edgecliffe Dr Los Angeles, CA 90026

  • Price: $1,800,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 65 min ago
  • MLS #: 21-104995
5
Beds
0
Baths
0
½ Baths
0.17
Acres
2,790
SQFT
$645
$/SQFT
1912
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
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

Cross Streets W. Sunset Blvd Lot Size Area 7355 Other Structures None Parking Garage Shared DrivewayPrivate Pool Description None Pool YN No Spa None Spa YN No Style Craftsman Tennis Court None Tennis YN No Total Parking 6 View Description None View YN No Water Frontage None

Interior Features

Baths Total 3.00 Common Walls Detached/No Common Walls Cooling Air Conditioning Equipment DishwasherDryerGarbage DisposalCeiling FanMicrowaveWasherRefrigerator Heating Forced Air Laundry In Unit

Property Features

Assessed Total Value 285601 Entry Floor Number 1 Gross Income 12000 Gross Operating Income 12000 Like Units1 1 Like Units2 1 Net Operating Income 12000.00 Number Of Buildings 2 Number Of Units 2 Rent Control YN No Sale Type Standard Security Features Gated Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units Freestanding Water District Water Heaters YN Yes Year Built Source Assessor Zoning Lard1.5

Listing provided courtesy of Adam Zunder DRE#01821053 of Iconic Investments.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T19:43:44.667. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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