829 N Edinburgh Avenue, Los Angeles, California 90046, Los Angeles, 90046 - bed, bath
ACTIVE$2,200,000
829 N Edinburgh Avenue, Los Angeles, California 90046
0Bed
0Bath
3,943Sqft
6,552Lot
Year Built
1926
Close
-
List price
$2.2M
Original List price
$2.6M
Price/Sqft
$558
HOA
-
Days on market
-
Sold On
-
MLS number
PW25103010
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros.
First time on market.. all 5 units are leased, lots of potential for new owner, building to be sold as-is, great location steps from Melrose and all shopping and freeways.
Price History
Date
Event
Price
08/15/25
Price Change
$2,200,000
05/08/25
Listing
$2,600,000
Condition Rating
Fair
Built in 1926, this multi-unit property is nearly 100 years old. While some units feature cosmetic updates like newer laminate flooring and painted walls, and one kitchen has updated cabinets and backsplash, other areas, including the bathrooms and at least one other kitchen, are significantly dated with older appliances and fixtures, suggesting renovations from 15-30+ years ago. The 'sold as-is' clause, combined with the building's age, indicates that major systems are likely functional but outdated and may require substantial investment soon. The property is livable and leased, but requires minor updates and its major components show signs of age, fitting the 'Fair' condition.
Pros & Cons
Pros
Prime Los Angeles Location: Situated in a highly desirable West Hollywood Vicinity, steps from Melrose Avenue, shopping, and major freeways, offering excellent accessibility and strong tenant demand.
Fully Leased Multi-Unit Property: All 5 units are currently leased, providing immediate and stable rental income for a new owner from day one.
Significant Value-Add Potential: The property description highlights 'lots of potential for new owner,' suggesting opportunities for rent optimization, property upgrades, or redevelopment to maximize returns.
First Time on Market: Being offered for the first time on the market indicates a long-held asset, potentially undervalued or with untapped potential for a new investor to unlock.
Mixed-Use Zoning Flexibility: The 'Mixed Use' sub-type provides future flexibility for various uses beyond residential, enhancing the long-term investment potential and adaptability of the property.
Cons
Sold As-Is Condition: The property is being sold 'as-is,' implying the buyer will assume responsibility for any necessary repairs, upgrades, or deferred maintenance, which could lead to significant unforeseen costs.
Age of Property: Built in 1926, the property is nearly a century old, which may indicate outdated infrastructure, systems (plumbing, electrical), and potential for costly maintenance or required modernizations.
Recent Price Reduction: The list price has been reduced from $2.6M to $2.2M, which could signal initial overpricing, a lack of buyer interest at the higher price, or underlying issues that have deterred previous prospects.