4123 Edenhurst Avenue 1, Los Angeles, California 90039, Los Angeles, 90039 - 6 bed, 5 bath
ACTIVE$1,750,000
4123 Edenhurst Avenue 1, Los Angeles, California 90039
6Beds
5Baths
3,296Sqft
5,176Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Top Cons:
Age of Property & Potential for Updates: Built in 1964, the property's age suggests potential for deferred maintenance or outdated systems (e.g., plumbing, electrical) within the units, which may require significant capital expenditure for renovations to maximize rental income and tenant appeal.
Compared to the nearby listings
Price:$1.75M vs avg $1.20M (+$555,000)92%
Size:3,296 sqft vs avg 1,980 sqft83%
Price/sqft:$531 vs avg $55642%
More Insights
Built in 1964 (61 years old).
Condition: Built in 1964, this property is 60 years old. The MLS description explicitly notes 'Age of Property & Potential for Updates' and suggests 'outdated systems (e.g., plumbing, electrical) within the units, which may require significant capital expenditure for renovations.' The exterior image shows dated features like a window AC unit and older windows, indicating a lack of modern updates. Without interior photos, the age and the stated need for 'significant capital expenditure' strongly suggest that kitchens, bathrooms, and other major systems are outdated and require substantial repairs and rehabilitation to meet current standards, aligning with a 'Poor' condition.
Year Built
1964
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$531
HOA
-
Days on market
-
Sold On
-
MLS number
TR25116474
Home ConditionPoor
Features
Good View: Mountain(s), Neighborhood
Pool
ViewMountain(s), Neighborhood
About this home
Charming Fourplex in the Heart of Atwater Village. Discover a rare investment opportunity at 4123 Edenhurst Avenue—a delightful fourplex nestled in the vibrant Atwater Village neighborhood. This property boasts a total of 3,296 sq ft of living space on a 5,176 sq ft lot, featuring a mix of spacious units that include 2-bedroom/1.5-bath, 2-bedroom/1-bath, 1-bedroom/1-bath and studio layouts. Each unit offers generous living areas, and residents benefit from assigned parking—an uncommon amenity in Los Angeles. Tenants will love the private pool, offering a refreshing retreat and added rental appeal. The property’s prime location provides excellent access to public transit and freeways, with a WalkScore of 74 and a BikeScore of 80, ensuring convenience for tenants. Situated on a tree-lined street, this property is just moments away from local parks such as Chevy Chase Park, North Atwater Park, and the William Mulholland Memorial. It’s also a short 8-minute drive to The Americana at Brand in Glendale, and close to the shops, cafes, and culture of Silver Lake, Los Feliz, and Highland Park.
Nearby schools
5/10
Glenfeliz Boulevard Elementary School
Public,•K-6•0.3mi
6/10
Cerritos Elementary School
Public,•K-6•0.8mi
4/10
Atwater Avenue Elementary School
Public,•K-6•1.2mi
9/10
Ivanhoe Elementary School
Public,•K-5•1.3mi
4/10
Fletcher Drive Elementary School
Public,•K-6•1.7mi
8/10
Franklin Avenue Elementary School
Public,•K-6•1.8mi
5/10
Columbus Elementary School
Public,•K-5•1.8mi
8/10
Allesandro Elementary School
Public,•K-6•2.0mi
7/10
Balboa Elementary School
Public,•K-6•3.8mi
6/10
Theodore Roosevelt Middle School
Public,•6-8•1.0mi
6/10
Irving STEAM Magnet
Public,•6-8•1.7mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.3mi
7/10
Eleanor J. Toll Middle School
Public,•6-8•2.6mi
8/10
John Marshall Senior High School
Public,•9-12•1.4mi
6/10
Glendale High School
Public,•9-12•2.4mi
7/10
Herbert Hoover High School
Public,•9-12•2.6mi
Price History
Date
Event
Price
01/30/23
Sold
$1,245,000
Condition Rating
Poor
Built in 1964, this property is 60 years old. The MLS description explicitly notes 'Age of Property & Potential for Updates' and suggests 'outdated systems (e.g., plumbing, electrical) within the units, which may require significant capital expenditure for renovations.' The exterior image shows dated features like a window AC unit and older windows, indicating a lack of modern updates. Without interior photos, the age and the stated need for 'significant capital expenditure' strongly suggest that kitchens, bathrooms, and other major systems are outdated and require substantial repairs and rehabilitation to meet current standards, aligning with a 'Poor' condition.
Pros & Cons
Pros
Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Prime Investment Opportunity: A charming fourplex in the desirable Atwater Village, categorized as a 'Residential Income' property, offering a rare investment opportunity with multiple income streams.
Exceptional Location & Accessibility: Situated in the vibrant Atwater Village, boasting a WalkScore of 74 and BikeScore of 80, with excellent access to public transit, freeways, local parks, and proximity to cultural hubs like Silver Lake, Los Feliz, and Glendale's Americana at Brand.
Diverse Unit Mix: Features a versatile mix of unit layouts including 2-bedroom/1.5-bath, 2-bedroom/1-bath, 1-bedroom/1-bath, and studio units, appealing to a broad tenant base and optimizing rental potential.
Desirable Tenant Amenities: Offers a private pool for residents, providing a refreshing retreat, and assigned parking, which is a significant and uncommon amenity in Los Angeles, enhancing tenant appeal and retention.
Neighborhood Appeal & Schools: Located on a tree-lined street, close to several parks, and within a district with highly-rated schools such as Ivanhoe Elementary (9) and John Marshall Senior High (8), contributing to its long-term desirability.
Cons
Age of Property & Potential for Updates: Built in 1964, the property's age suggests potential for deferred maintenance or outdated systems (e.g., plumbing, electrical) within the units, which may require significant capital expenditure for renovations to maximize rental income and tenant appeal.
Significant Price Appreciation: The current list price of $1.75M represents a substantial increase from its last recorded sale at $1.245M, warranting thorough due diligence on comparable sales and the justification for the price jump.
Ongoing Maintenance Costs: The presence of a private pool, while an amenity, adds to the ongoing operational expenses and potential liabilities for the owner, in addition to general maintenance considerations for an older fourplex.