1223 N. Edgemont Street is a newly constructed, 14 unit multifamily community located steps from the Fountain Avenue Corridor in East Hollywood, one of Los Angeles' most supply constrained rental submarkets. Built in 2019, the property features two story loft style units with high end finishes and is not subject to rent control (AB 1482 exempt), providing long term operational flexibility. The property is currently 100% occupied with strong tenant retention. In place rents remain below market, offering a clear mark to market opportunity without the need for renovations or repositioning. With no immediate capital expenditure required, the asset presents an opportunity to acquire a stabilized, newer construction property with embedded upside. Located in a highly walkable area, residents benefit from proximity to the Fountain Avenue retail corridor and major employment anchors including Kaiser Permanente, Children's Hospital Los Angeles, and Hollywood Presbyterian Medical Center. **Please fill out the Confidentiality Agreement and email the listing agent the executed document to gain access to the OM.**