-62 N Edgemont Street

Los Angeles | California

The Perfume of

Jasmine Nights

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Marcus & Millichap – Encino

Presented At

$4,995,000

Bedrooms

Living

13,760

SQFT

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1852

-62 N Edgemont Street

Los Angeles | California

1852 -62 N Edgemont Street, Los Angeles, California, United States. , Los Angeles , California

Residential Income in Los Angeles

Occupying two parcels with excellent visibility on the corner of Franklin Avenue and Edgemont Street, the property features a favorable unit mix with mostly two-bedroom units, half of which are townhouse floor plans. The classic French-Normandy buildings house spacious apartment layouts, with units averaging over 1,000 square feet of living area. Several units have already been renovated, providing a blueprint to add considerable value to the remainder of the property and potentially recapture approximately 29% in rent upside. A unique and lucrative benefit of this property is the substantial amount of supplemental income that it generates, by virtue of its 12 private parking garages, six additional open spaces, and landlord-owned laundry facilities. Together, these secondary income streams produce nearly $20,000 annually for the owner. Although Los Feliz is directly adjacent to the bustling neighborhoods of Hollywood, Silver Lake, and Glendale, the hillside area is generally secluded and has long been considered one of the most desirable locations for some of the most affluent residents of Los Angeles. Demand for rental housing has increased substantially as many locals find themselves priced out of homeownership. Almost every single-family home sale in the past year -

approximately 97% of all transactions
has surpassed $1,000,000.

In fact, the median sales price during that time period has been nearly $2,400,000, forcing residents who seek the space and amenities of a private home to instead opt for high

Property

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Property Location

1852 -62 N Edgemont Street, Los Angeles, California, United States., Los Angeles California

Local Weather & Climate

Los Angeles, California

Current Conditions Updated recently

52 °F

Clear sky

Feels Like 49°F

Humidity 53%

Wind 7 mph

Visibility 6.2 mi

Sunrise 2:32 PM

Sunset 1:41 AM

5-Day Forecast

Fri 20 Feb

Clouds

High 52°

Low 52°

Sat 21 Feb

Clear

High 65°

Low 45°

Sun 22 Feb

Clouds

High 73°

Low 54°

Mon 23 Feb

Clouds

High 77°

Low 58°

Tue 24 Feb

Clouds

High 74°

Low 64°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Los Angeles?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 1852 -62 N Edgemont Street, Los Angeles, California, United States have?

This other at 1852 -62 N Edgemont Street, Los Angeles, California, United States features 20 bedrooms with 13,760 square feet of living space.

What is the size of 1852 -62 N Edgemont Street, Los Angeles, California, United States?

This property offers 13,760 square feet of living space.

What is the listing price for 1852 -62 N Edgemont Street, Los Angeles, California, United States?

This property is listed at $499,500,000, which equals $36301 per square foot.

What type of property is 1852 -62 N Edgemont Street, Los Angeles, California, United States?

This is a other located in Los Angeles, California. The property is situated in an established neighborhood with convenient access to local amenities and services.