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1223 N. Edgemont Street is now offered following a $200K price reduction and presents a newly constructed, 14-unit multifamily community located steps from the Fountain Avenue Corridor in East Hollywood, one of Los Angeles' most supply-constrained and high-demand 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 investors with long-term operational flexibility and unrestricted rent growth potential. The Property is currently 100% occupied and has achieved 92% year-over-year tenant retention, demonstrating strong resident demand and stability. In-place rents remain below market, creating a clear and executable mark-to-market opportunity through renewal and leasing strategy, without the need for renovations or repositioning. With no immediate capital expenditure required, the Property offers investors a rare opportunity to acquire a stabilized, newer construction asset with embedded upside and minimal operational risk. Available at a basis below replacement cost, the investment provides both downside protection and the ability to capture future rent growth in a tightening supply environment. Situated within a highly walkable pocket of East Hollywood, residents benefit from immediate access to the Fountain Avenue retail corridor, including Found Oyster and Saffy's, along with proximity to major employment anchors such as Kaiser Permanente, Children's Hospital Los Angeles, and Hollywood Presbyterian Medical Center.1223 N. Edgemont Street offers a compelling opportunity to acquire a high-quality, fully stabilized asset with immediate upside and a clear path to revenue growth in one of Los Angeles' most dynamic rental corridors. **Please fill out the Confidentiality Agreement and email the listing agent the executed document to gain access to the OM.** All property information, including square footage, unit sizes, and year built, should be independently verified by the buyer.
Property Type(s):
Commercial
| Last Updated | 5/1/2026 | Year Built | 2019 |
|---|---|---|---|
| Community | C20 - Hollywood | County | Los Angeles |
Price History
| Prior to May 1, '26 | $5,700,000 |
|---|---|
| May 1, '26 - Today | $5,500,000 |
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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