We are pleased to present the opportunity to acquire 163 North Edgeware Road, a five-unit apartment community. The property is located approximately 1.3 miles from Dodger Stadium and approximately 1.5 miles from Downtown Los Angeles which are both rapidly gentrifying submarkets. The building is two-story construction, consisting of four large one-bedroom/one-bathroom units and one two-bedroom/one-bathroom house. Welllocated in a dense neighborhood, the property offers the opportunity to increase rents and substantially raise revenue. The property gives tenantseasy access to the entertainment venues and employment centers of Downtown Los Angeles. Due to its 1890 / 1904 construction, the property issubject to Los Angeles rent control statutes. The subject property allows an investor to acquire a value-add asset in an in-fill location near the sought-after submarkets of Echo Park, Elysian Park and Downtown Los Angeles.
Multi-familyProperty Type
1890Year Built
4,778 sq ftLot Size
$312Price/Sq.Ft.
Listed by Sean Rosenzweig•DRE #01406343• Marcus & Millichap
•310-513-3144 (agent)
•thesrgroup@marcusmillichap.com (agent)
Bought with Gabriela Lambert•DRE #01327946• Innovative Property Strategies
We are pleased to present the opportunity to acquire 163 North Edgeware Road, a five-unit apartment community. The property is located approximately 1.3 miles from Dodger Stadium and approximately 1.5 miles from Downtown Los Angeles which are both rapidly gentrifying submarkets.The building is two-story construction, consisting of four large one-bedroom/one-bathroom units and one two-bedroom/one-bathroom house. Welllocated in a dense neighborhood, the property offers the opportunity to increase rents and substantially raise revenue. The property gives tenantseasy access to the entertainment venues and employment centers of Downtown Los Angeles. Due to its 1890 / 1904 construction, the property issubject to Los Angeles rent control statutes.The subject property allows an investor to acquire a value-add asset in an in-fill location near the sought-after submarkets of Echo Park, Elysian Park and Downtown Los Angeles.
SDMLS #301731621
Mar 16, 2018
Sold
$1,055,000
$312/sq ft
Dec 12, 2017
Listed
$1,075,000
$317/sq ft
TheMLS #17-296096
Mar 16, 2018
Sold
$1,055,000
$312/sq ft
Jan 17, 2018
Pending
—
Dec 12, 2017
Listed
$1,075,000
$317/sq ft
Public Records
Mar 18, 2011
Sold
$225,000
$66/sq ft
Public Records
Dec 24, 1964
Sold
$21,000
$6/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$15,151 (+1.2%)
$928,466 + $295,947
$1,224,413
2024
$14,977 (+1.9%)
$910,261 + $290,145
$1,200,406
2023
$14,700 (+4.7%)
$892,413 + $284,456
$1,176,869
2022
$14,043 (+1.3%)
$874,915 + $278,879
$1,153,794
2021
$13,863 (−1.0%)
$857,760 + $273,411
$1,131,171
2020
$13,999 (+4.0%)
$840,942 + $268,050
$1,108,992
2019
$13,463 (+227.6%)
$832,320 + $265,302
$1,097,622
2018
$4,110 (+3.0%)
$816,000 + $260,100
$1,076,100
2017
$3,990 (+3.1%)
$147,043 + $128,109
$275,152
2016
$3,871 (+1.3%)
$147,043 + $128,109
$275,152
2015
$3,823 (−1.2%)
$144,160 + $125,598
$269,758
2014
$3,869 (−0.8%)
$139,214 + $121,289
$260,503
2012
$3,901 (+198.4%)
$138,585 + $120,741
$259,326
2011
$1,307 (+6.9%)
$135,868 + $118,374
$254,242
2010
$1,223 (+3.2%)
$16,437 + $32,127
$48,564
2009
$1,185 (+2.2%)
$16,315 + $31,887
$48,202
2008
$1,160
$16,354 + $31,963
$48,317
Tax history for 163 N Edgeware Rd
Year
Property tax
Land + Additions
Assessment*
2025
$15,151 (+1.2%)
$928,466 + $295,947
$1,224,413
2024
$14,977 (+1.9%)
$910,261 + $290,145
$1,200,406
2023
$14,700 (+4.7%)
$892,413 + $284,456
$1,176,869
2022
$14,043 (+1.3%)
$874,915 + $278,879
$1,153,794
2021
$13,863 (−1.0%)
$857,760 + $273,411
$1,131,171
2020
$13,999 (+4.0%)
$840,942 + $268,050
$1,108,992
2019
$13,463 (+227.6%)
$832,320 + $265,302
$1,097,622
2018
$4,110 (+3.0%)
$816,000 + $260,100
$1,076,100
2017
$3,990 (+3.1%)
$147,043 + $128,109
$275,152
2016
$3,871 (+1.3%)
$147,043 + $128,109
$275,152
2015
$3,823 (−1.2%)
$144,160 + $125,598
$269,758
2014
$3,869 (−0.8%)
$139,214 + $121,289
$260,503
2012
$3,901 (+198.4%)
$138,585 + $120,741
$259,326
2011
$1,307 (+6.9%)
$135,868 + $118,374
$254,242
2010
$1,223 (+3.2%)
$16,437 + $32,127
$48,564
2009
$1,185 (+2.2%)
$16,315 + $31,887
$48,202
2008
$1,160
$16,354 + $31,963
$48,317
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
2
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
4,779 Sq. Ft.
Year renovated
—
Sq. Ft.
762
Year built
1890
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
5160015002
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
Oct 19, 2009 • Final
Hvac
Replace a direct vent heating or cooling unit.
HVAC
Aug 8, 2008 • Final
Bldg-alter/repair
Apply new stucco over the existing siding.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
On street
Interior
Equipment
Other
Heating & Cooling
Other Cooling
Other Heat
Multi-Unit Income
Gross Income: 71004
Gross Operating Income: $71,004
Net Operating Income: $37,491
Multi-Unit Expenses
Total Annual Expense: $31,383
Multi-Unit Other Financial Information
Cap Rate: 3.49
Gross Rent Multiplier: 15.14
Vacancy Rate: 3
Scheduled Actual: Actual
Multi-Unit Information
Unit Type Type: 1, 2
Type Of Units: 1+1, 2+1
# of Buildings: 2
Unit 1 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,119
Projected Rent: $1,650
Actual Rent: $1,119
# of Units: 4
Unit 2 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,442
Projected Rent: $2,100
Actual Rent: $1,442
# of Units: 1
Exterior
Property Information
Property Type: Residential Income
Lot Information
Lot Size (Sq. Ft.): 4,778
Zoning: LACW
Financial
Assessment Information
Assessed Land Value: $147,043
Assessed Improvement Value: $128,109
Assessor Parcel Number: 5160-015-002
Location
Community Information
# of Units in Complex (Total): 5
Location Information
Directions: 1.3 miles from Dodger Stadium and approximately 1.5 miles from Downtown Los Angeles
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 762
Stories: —
Lot Size: 4,779 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1890
Year Renovated: —
County: Los Angeles County
APN: 5160015002
Home facts updated by county records on Oct 6, 2026
Other
Documents & Disclosures
Disclosures: As Is
Around this home
Schools
Betty Plasencia Elementary School
Public K-5 • Assigned • 0.3mi
4/10
Sal Castro Middle School
Public 6-8 • Assigned • 0.3mi
5/10
Edward R. Roybal Learning Center
Public 9-12 • Assigned • 0.1mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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