843 N Edgemont Street, Los Angeles, California 90029, Los Angeles, 90029 - 3 bed, 2 bath
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Los Angeles, California 90029
This Multi-Unit Development Asset is listed at $1,050,000, positioned with stability relative to its $1,043,531 Fair Market Value. Marketed as a high-potential "fixer" with a Condition Rating of 5, the property offers immense value-add potential via its 6,262-square-foot lot and two additional buildings. Currently utilized for co-living revenue one block from Melrose Avenue, the site benefits from a City Lights view and proximity to John Marshall Senior High. This is a strategic acquisition for Developers or Fix-and-Flip Investors seeking high-density opportunities in Hollywood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 843 N Edgemont Street Subject | $1,050,000* List Price | 3 | 2 | 1,512 | $690 | - |
A 1139 N Heliotrope Drive Sold | $1,025,000 | 3 | 2 | 1,431 | $716 | 0.4 mi |
B 1175 N Commonwealth Avenue Sold | $945,000 | 3 | 2 | 1,236 | $765 | 0.7 mi |
C 938 Hyperion Avenue Sold | $915,000 | 2 | 1 | 1,045 | $876 | 0.9 mi |
D 773 N Alexandria Avenue Active | $750,000 List Price | 2 | 2 | 1,440 | $521 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1916, this property is explicitly marketed as a 'fixer' and 'work in progress.' Interior photos show exposed wall studs and unfinished construction, indicating the home is mid-rehab and requires significant investment to be move-in ready. The exterior shows signs of deferred maintenance and heavy clutter.
The property features two additional buildings on the lot and is currently configured for co-living, offering an immediate revenue stream or a versatile multi-unit development opportunity.
Ideally situated one block north of Melrose Avenue, the home offers excellent transit access, located just five minutes from the Hollywood Freeway and within walking distance of the Metro subway.
With a generous 6,262 square foot lot and a motivated seller seeking a quick close, this 'fixer' provides significant equity-building potential for developers or owner-users.
As a 'work in progress' with a modified floor plan, the property requires substantial additional investment and construction to complete the renovations and reach its full market value.
Built in 1916, the property may present challenges related to aging systems and the need for modern code compliance, especially given the extensive 'creative' changes made over the years.
GREAT OPPORTUNITY TO BUY A FIXER IN HOLLYWOOD CA....3 BEDROOM 2 Bath HOME Plus 2 OTHER BUILDINGS ON THE LOT.... TONS OF POTENTIAL, ....GREAT NEIGHBORHOOD. SUPER CLEAN & PRETTY....VERY WIDE STREET.... LOTS OF PARKING. 1 BLOCK NORTH OF MELROSE AVE. The Seller over the years has done a lot of changes and improvements to the property. Changed the whole floor plan. It is a very interesting and creative space with lots of great potential for ( 1 ) HOME BUYER FAMILY TO LIVE IN ....WITH LOTS OF SPACE or ( 2 ) A FIXER BUYER / DEVELOPER.....lots of Improvements done....But still a work in progress. ( 3 ) PERFECT SET UP FOR CO - LIVING. Property is CURRENTLY BEING USED AS A CO-LIVING PROPERTY - GENERATING $$$$. GREAT LOCATION ....... 5 MINUTES TO THE HOLLYWOOD FREEWAY AND A SHORT WALK TO THE SUBWAY METRO NEAR BY. PROPERTY WILL BE DELIVERED TOTALLY VACANT...........WHEN DO YOU WANT TO SEE IT. MOTIVATED SELLER.. LETS MAKE A DEAL ! SELLER WANTS IT SOLD. ASAP ....... AND A QUICK CLOSE OF ESCROW !!!! PROPERTY ALSO HAS A VERY HIGH END SECURITY MULTI CAMERA SYSTEM. THIS IS A VERY UNIQUE PROPERTY WITH LOTS OF POTENTIAL. A MUST SEE ! .CALL BOB.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-6 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,512 | 1,528.5 | 50% |
| Lot Size | 6,262 | 5,613 | 67% |
| Price | $1.05M | $1.04M | 50% |
| Price per sq ft | $694 | $715 | 39% |
| Built year | 1916 | 1917 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 124 | 6% |
Apr 22, 2026
$1,050,000
Initial Listing