Active
3044 Edgehill DR
LOS ANGELES CA, 90018
$1,640,000
$216.53 per sqft
Active
1 Bed
1 Bath
7,574 sqft
Condo
Built in 1929
We are proud to present The Jefferson, an amazing multifamily opportunity located at 3044 Edgehill Dr., Los Angeles, California. This unique apartment complex is comprised of (8) apartment units in one distinct two-story building. The building was constructed of a wood frame with a flat roof and stucco exterior. The development of the building was completed in 1929 and encompassed an impressive 7,574 building square feet situated on one parcel totaling 8,005 square feet, offering a zoning of LARD1.5. The updated apartment units are massive and consist of (8) one-bedroom + one-bath units, offering two points of entry. Each unit is individually metered for gas and electric, along with individual hot water heaters, further lowering utility costs. In recent years, the property systems have been upgraded, and the property offers a newer roof and copper plumbing, along with earthquake gas shut-off valves. The building is accessible from the front of the property off Edgehill Dr., and the property provides 7 onsite parking spaces that have yet to be monetized. Though certain upgrades have been made, there is still a considerable amount of value-add potential at the property, as well as tremendous upside, offering 88% in potential untapped rental income, making The Jefferson an incredible opportunity for an investor looking to acquire a well-positioned asset at an unbelievable price of $216.53 p/sf. (8) One-Bedroom + One-Bath Jefferson Park is a historic neighborhood located in the South Los Angeles region of Los Angeles, California. Situated just south of Downtown Los Angeles, Jefferson Park is bounded by West Adams to the north, Leimert Park to the south, Arlington Heights to the west, and the Exposition Park area to the east. The neighborhood is known for its diverse community, rich cultural heritage, and historic architecture. Jefferson Park offers a range of housing options, including apartments, single-family homes, and duplexes. The neighborhood s apartment rental market is diverse, with properties ranging from historic buildings with charming architectural details to modern developments with luxury amenities. Rental prices in Jefferson Park tend to be more affordable compared to other neighborhoods in Los Angeles, making it an attractive option for renters seeking urban living without the high costs.
SR24080564MR
MLSⓇ ID
April 22, 2024
Listed
May 9, 2024
Updated
Map
3044 Edgehill DR
LOS ANGELES CA, 90018
Interior Features
Total Stories
2
Bedrooms
1
Total Bathrooms
1
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.18 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Mid Los Angeles
Garage
No
Parking Total
7
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LARD1.5
Listed by Raymond Rodriguez with Equity Union
Listing Contact: 866-582-7865
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©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/9/2024