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$ 1,575,000
Est. payment | /mo
7,574 SqFt
$ 1,575,000
Est. payment | /mo
7,574 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,574 sqft
Price per Sqft $207
MLS Listing ID CRSR25069549
HOA Y/N No
Year Built 1929
Lot Size 8,005 Sqft
Acres 0.18
Property Sub-Type Other
Property Description
We are proud to present The Jefferson, a value-added multifamily investment opportunity located in Jefferson Park, Los Angeles, at 3044 Edgehill Dr. This architecturally charming apartment complex is comprised of (8) spacious apartment units in one two-story building with curb appeal offered at an attractive cost per pound of $196,875 per unit and $207.95 per square foot. 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, a
Location
State CA
County Los Angeles
Zoning LARD
Interior
Fireplace No
Laundry No Hookups
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5051033011
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Listed by Raymond Rodriguez • Equity Union