1250 Edris Dr, Los Angeles, CA 90035
1250 Edris Dr, Los Angeles, CA 90035
1250 Edris Dr, Los Angeles, CA 90035
8
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$3,950,000
Est. payment /mo
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10 Beds
9 Baths
6,532 SqFt
Price Dropped by $245K

1250 Edris Dr Los Angeles, CA 90035

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,532 sqft

Price per Sqft $604

MLS Listing ID 26986475

Bedrooms 10

Construction Status Updated/Remodeled

Year Built 2010

Lot Size 7,374 Sqft

Acres 0.1693

Property Sub-Type Multi-Family

Property Description

8-unit multifamily investment opportunity located in the highly coveted Pico-Robertson neighborhood of Los Angeles. Approximately 1.5 blocks from the Beverly Hills border and just reduced to $3,950,000. This asset presents a compelling blend of stable in-place income and significant upside as rents on the non-rent-controlled units continue to reposition to market. Four of the eight units are subject to rent control, providing stable income, while the remaining four are exempt, giving an investor unrestricted upside. ***All units are INDIVIDUALLY WATER-METERED so the tenants pay all of their own utilities, leaving ownership responsible only for trash, house electricity, and house water... a lean expense structure that supports strong in-place cash flow.

Location

State CA

County Los Angeles

Area Beverlywood Vicinity

Zoning LARD1.5

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Air Conditioning, Central

Fireplaces Type None

Equipment Washer, Dryer, Dishwasher, Range/Oven, Refrigerator

Laundry In Unit, Laundry Closet Stacked

Exterior

Parking Features Assigned, Side By Side

Garage Spaces 9.0

Building

Story 2

Level or Stories Multi/Split

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Compass

NEARBY SCHOOL & BUSINESS

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Todd Kingsley

Todd Kingsley

Agent License ID: 02118744

+1(310) 710-8633

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1250 Edris Dr