Thank you
Raymond Rodriguez
Equity Union
805-892-8119
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.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1929
Building Area Total: 7,574
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1838
Lot Size Source: Public Records
Lot Size Square Feet: 8005
Original List Price: 1,640,000
Listing Contract Date: 2024-04-22
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5051033011
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C16 - Mid Los Angeles
Directions: 3044 Edgehill Dr. Los Angeles, CA 90018
Zoning: LARD1.5
Source Property Type: Residential Income
Area: C16 - Mid Los Angeles
Property SubType: Apartment
Property Age: 95
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Public Records
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1862 W 25th Street, Los Angeles, CA,90018 | $685,000 | 3 | 2 | 2 | 6635 Sqft |
2000 7th Avenue, Los Angeles, CA,90018 | $1,000,000 | 4 | -- | 3,600 | 7500 Sqft |
3747 Ruthelen Street, Los Angeles, CA,90018 | $649,999 | 4 | 3 | -- | 3349 Sqft |
2800 Obama Boulevard, Los Angeles, CA,90018 | $1,400,000 | 4 | 2 | 2,956 | 8001 Sqft |
1460 W 37th Drive, Los Angeles, CA,90018 | $975,000 | 3 | 1 | 1,339 | 6208 Sqft |
2807 S Western Avenue, Los Angeles, CA,90018 | $849,000 | 3 | 2 | 2,261 | 6317 Sqft |
1351 Exposition Boulevard, Los Angeles, CA,90018 | $650,000 | 2 | 1 | 728 | 2061 Sqft |
2203 4th Avenue, Los Angeles, CA,90018 | $2,725,000 | 12 | -- | 8,104 | 14010 Sqft |
2024 W 30th Street, Los Angeles, CA,90018 | $899,000 | 3 | 2 | 1,430 | 5201 Sqft |
3654 7th Avenue, Los Angeles, CA,90018 | $949,000 | 3 | 2 | 1,182 | 6101 Sqft |
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ByOwner last updated this listing 05/07/2024 @ 23:04
MLS: SR24080564
LISTED BY: Raymond Rodriguez, Equity Union
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.