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806 & 812 Edinburgh Avenue
Los Angeles, CA 90046

PRICE: $5,500,000

Rare opportunity to own two well-maintained adjacent apartment buildings.

Adam Ginsberg, Daniel Hirth, and Elijah Suval of The Hirth Group have been exclusively selected to market this unique opportunity to acquire two contiguous parcels with two well-maintained quadruplexes on ±13,222 SF of land in the highly sought-after Melrose-Fairfax district.  Built in 1926, the 806 & 812 N. Edinburgh buildings feature a desirable unit mix of all two (2) bedroom / one (1) bathroom apartments (±1000 SF) with in-unit washer/dryer set ups plus five (5) garages at 806 N. Edinburgh and four (4) covered parking spaces at 812 N. Edinburgh. 806 N. Edinburgh will be delivered 50% vacant, while 812 N. Edinburgh will be delivered 100% vacant, yielding 6/8 total units vacant.

 

The subject properties are located within the City of Los Angeles, while proximate to West Hollywood proper to the North, Beverly Hills and Century City to the West, Mid City to the South, and Hollywood to the East.  This central location allows for immediate connections to amenities like LACMA, the Grove and the Original Farmer’s Market, the Hollywood Bowl, Runyon and Laurel Canyons, the Sunset Strip, and Melrose Place, while anticipating significant infrastructure investments such as subway line extensions along Wilshire Boulevard, an expanding Cedars-Sinai medical campus, and new LACMA development. 

 

The neighborhood’s high walk score of 91 is a testament to the accessibility and desirability of this location. 

 

The Edinburgh parcels themselves (a unique double lot with separate APNs and R3 zoning) present multiple schemes to compliment the intrinsic value of the existing units or create new density, leveraging the delta value of the combined properties. The future owner could harness a variety of options to maximize the potential of the site:

 

•  Take immediate advantage of city and state incentives to build two (2) additional units as ADUs

 

•  By right there is an opportunity to develop sixteen (16) total units while preserving the existing buildings through potential construction of a third building across the back of both parcels, creating an additional 8 units with above ground parking.

 

• Complete reconfiguration to achieve 16 new units

 

• Tier 2 TOC incentives can also yield up to 28 units (buyer to verify).

Unlocked Value-Add Opportunity
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Adam Ginsberg

Investment Associate

310-300-3144 Direct
888-798-3878 Fax
Adam@HirthGroup.com
License CA: 02102489
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Alex Reyhan

Senior Associate

310-300-3180 Direct

888-798-3878 Fax

Elijah@HirthGroup.com

License CA: 02024364

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Daniel Hirth

Managing Director

310.300.2838 Direct

888-798-3878 Fax

Daniel@HirthGroup.com

License CA: 01515796

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