2406 Edgewater Terrace, Los Angeles, California 90039, Los Angeles, 90039 - bed, bath

2406 Edgewater Terrace, Los Angeles, California 90039 home-pic-0
ACTIVE$1,450,000
2406 Edgewater Terrace, Los Angeles, California 90039
0Bed
0Bath
1,886Sqft
7,158Lot
Year Built
1940
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$769
HOA
-
Days on market
-
Sold On
-
MLS number
GD25159104
Home ConditionFair
Features
Good View: Meadow, Neighborhood, Peek-A-Boo
Deck
Patio
ViewMeadow, Neighborhood, Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $1.45M(75th), sqft - 1886(42th), beds - undefined(50th), baths - undefined(50th).

An ultra-rare opportunity to own a Trophy Triplex in the heart of Silver Lake, near the beloved Silver Lake Meadow & Reservoir, and within the Ivanhoe District. This Turnkey, Income-Producing Asset offers a beautiful blend of charm and modern upgrades—perfect for investors or future owner-occupants seeking a premier asset in a coveted location. Each of the three spacious one-bedroom, one-bathroom residences has been thoughtfully renovated, featuring Refinished Original Hardwood Floors, Immaculate Kitchens, and Bathrooms that blend vintage reproduction with contemporary convenience. The Rear Residence is a Standalone Home with a Huge, Shaded Yard—an ultra-desirable feature that drives premium rent and tenant retention, or a perfect house for owner-user. The front unit offers a vast porch with tranquil views. Current Gross Rent: $8,240/month with 15–20% Rental Upside. Over a 5.4 Capitalization Rate in Prime Silver Lake!! Two Garages (1-car and 2-car) + additional parking spaces. There may be potential to add 1–3 ADUs (Buyer to verify). All units are separately metered for gas and electricity. Lovingly maintained and cared for, this Platinum Property offers incredible Cash Flow, Exceptional Appreciation, and an Expansive Value-Add Opportunity. Silver Lake is one of the hottest and fastest appreciating neighborhoods in Los Angeles. There have only been two owners of the property since it was built. Please don't walk onto the property. Showings only with accepted offer. Buyer to cooperate with seller's 1031 exchange.

Condition Rating
Fair

The property was built in 1940 and has been renovated. The listing mentions 'immaculate kitchens and bathrooms that blend vintage reproduction with contemporary convenience' and 'refinished original hardwood floors'. However, the kitchen appliances appear older, and the overall style is not fully modern. While the units are described as 'turnkey', the property is over 20 years old and likely requires some minor updates to keep it competitive.
Pros & Cons

Pros

Prime Location: Located in the highly desirable Silver Lake area, near Silver Lake Meadow & Reservoir, and within the Ivanhoe District.
Income-Producing Asset: Turnkey triplex generating $8,240/month in gross rent with potential for 15-20% rental upside.
Renovated Units: Each unit features refinished original hardwood floors, immaculate kitchens, and bathrooms with vintage reproduction and contemporary convenience.
Value-Add Opportunity: Potential to add 1-3 ADUs (Buyer to verify), increasing property value and income potential.
Standalone Rear Unit: The rear residence is a standalone home with a large, shaded yard, a highly desirable feature for tenants or owner-users.

Cons

Showing Restrictions: Showings are only allowed with an accepted offer, potentially limiting buyer interest and due diligence.
Age of Property: Built in 1940, the property may require ongoing maintenance and potential upgrades due to its age.
1031 Exchange: Buyer must cooperate with seller's 1031 exchange, which may add complexity to the transaction.

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