3044 Edgehill DR Los Angeles, CA 90018
8,006 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25069549
HOA Y/N No
Year Built 1929
Lot Size 8,006 Sqft
Property Sub-Type Apartment
Property Description
The building is 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. Zoning is LARD1.5.
The updated apartment units are large and consist of (8) one-bedroom + one-bath units, offering two points of entry. Each unit is individually metered for gas and electricity, along with individual hot water heaters, further lowering utility costs.
In the last several years, the property systems have been upgraded, and the property offers a newer roof and copper plumbing.
The building is accessible from the front of the property off Edgehill Dr., and the property provides 7 covered onsite parking spaces that have yet to be monetized.
Though certain upgrades have been made, there is still a considerable amount of value-add to unlock at the property, as well as tremendous upside, offering ±85% 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 $207.95 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.
As of the latest available data, Jefferson Park has a population of approximately 14,000 residents. The neighborhood is characterized by its diverse demographic makeup, with residents representing a variety of ethnicities, cultures, and socioeconomic backgrounds. Families, young professionals, and artists are drawn to Jefferson Park for its affordability, sense of community, and convenient location.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Laundry None
Exterior
Parking Features Carport
Pool None
Community Features Suburban
Total Parking Spaces 7
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5051033011
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
Virtual Tour https://youtu.be/GkP-290RQ54
