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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 Type(s):
Commercial
| Last Updated | 4/8/2026 | Year Built | 2019 |
|---|---|---|---|
| Community | C20 - Hollywood | County | Los Angeles |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | C20 - Hollywood |
| CONSTRUCTION | Concrete, Stucco |
| HEAT | Central, Forced Air |
| LOT | 8860 sq ft |
| LOT DIMENSIONS | 50x180 |
Location
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Listed with Paul Darrow
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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