3044 Edgehill Drive,
Home For Sale
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, Jef
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90018
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- MLS® #:
- SR24080564
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- Lot Size:
- 0.18
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- Neighborhood:
- LOS ANGELES (90018)
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Listing information last updated on July 9th, 2024 at 6:46pm PDT.