830 N Edgeware Road presents the opportunity to acquire a fully renovated, character-rich seven-unit multifamily property in Echo Park's historic Angelino Heights neighborhood. The property is uniquely configured with a five-unit apartment building and two detached single-family bungalows, offering a mix of traditional multifamily income and highly desirable residential-style units. A particularly compelling feature is its favorable rent-control profile. The City of Los Angeles has formally determined that the five apartment units at 830 Edgeware are not subject to the Los Angeles RSO, as the structure was converted from commercial to residential use after the applicable RSO cutoff date. The two detached bungalows at 832 and 832 1/2 Edgeware, originally constructed in 1910 and 1903, respectively, are subject to the RSO. This combination provides an investor with five non-RSO units alongside two distinctive bungalow residences with private yards. Ownership has completed extensive renovations and capital improvements, addressing many of the major systems and deferred-maintenance items typically associated with vintage Los Angeles multifamily properties. All seven residences have been renovated and feature in-unit washers and dryers, while multiple units offer private yards and four units include on-site parking. The documented permit history includes significant foundation and structural work, roof replacements, window replacement, exterior siding, insulation and drywall improvements, along with additional electrical work. The result is a substantially improved asset that retains the architectural character associated with Angelino Heights. The unit mix is exceptionally well suited to the surrounding rental market, consisting of a one-bedroom plus den, four two-bedroom units, a two-bedroom bungalow and a three-bedroom bungalow. Several residences also benefit from private outdoor space, including both detached bungalows. Located within the Angelino Heights HPOZ, 830 Edgeware combines historic residential character with a Los Angeles location. The property sits within the greater Echo Park market with convenient access to Downtown Los Angeles, Silver Lake, and surrounding employment, dining, entertainment, and recreational amenities. The combination of a low-density seven-unit configuration, renovated interiors, private outdoor space, two detached homes and five non-RSO apartments creates a differentiated offering within one of Los Angeles' established infill rental markets.
Angelino Heights, located between Echo Park and Westlake, is a historic and hillside Los Angeles neighborhood with Victorian-era streetscapes and skyline views. The neighborhood’s character concentrates around Carroll Avenue near Bellevue Avenue, where ornate Queen Anne homes line the slope in a quiet, cinematic tableau. Architectural details—turrets, wraparound porches, and painted woodwork—set the tone on walkable blocks above Sunset Boulevard. Echo Park Lake and Elysian Park frame the outdoor rhythm with paths, palms, and open lawns. Local pillars such as The Echo, Stories Books & Cafe, and Taix anchor nearby nights out and coffee runs. The setting feels residential and design-forward, with quick shifts from steep stair streets to busy boulevards.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Other cooling system
Other heating system
As-is condition
Bedrooms
One 1-bedroom unit
Five 2-bedroom units
One 3-bedroom unit
Bathrooms
One-bath units (all units listed as 1.00 bath)
Heating & cooling
Other heating
Other cooling
Exterior features
Located within the Angelino Heights HPOZ with convenient access to Echo Park, Downtown Los Angeles, Silver Lake and nearby amenities
No other detached structures
Home design
Residential income property
Two-level building (2 floors)
Parking
Assigned tandem parking with driveway gate
Total of 4 parking spaces
Construction
Zoned LARD2
HOA & community
Seven units in the complex
Financial info
Gross income: $254,700
Gross operating income: $249,606
Net operating income: $169,941
Total annual expenses: $79,665
Cap rate: 6.3%
Gross rent multiplier: 10.6
Vacancy rate: 42%
Scheduled rent status reported as Scheduled
Unit rents (current/actual): 1-bed $2,800; 2-bed units $14,625 total actual (projected $15,050); 3-bed $3,800
Electricity and solar
View estimated energy costs and solar savings for this home
Tear off existing roofing and install new modified bitumen roofing with plywood sheathing. Apply a cool roof coating for a residential roof replacement covering more than half of the total roof area.
Roofing
Sep 30, 2011 • Final
Bldg-alter/repair
Remove and replace the existing wood siding on the south wall of an existing apartment building.
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.
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