Property Description

1223 N. Edgemont Street is a newly constructed, 14-unit multifamily community located steps from the Fountain Avenue Corridor in East Hollywood, one of Los Angeles' most supply-constrained rental submarkets. Built in 2019, the property features two-story loft-style units with high-end finishes and is not subject to rent control (AB 1482 exempt), providing long-term operational flexibility. The property is currently 100% occupied with strong tenant retention. In-place rents remain below market, offering a clear mark-to-market opportunity without the need for renovations or repositioning. With no immediate capital expenditure required, the asset presents an opportunity to acquire a stabilized, newer construction property with embedded upside. Located in a highly walkable area, residents benefit from proximity to the Fountain Avenue retail corridor and major employment anchors including Kaiser Permanente, Children's Hospital Los Angeles, and Hollywood Presbyterian Medical Center. **Please fill out the Confidentiality Agreement and email the listing agent the executed document to gain access to the OM.**

Property Features