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$ 3,950,000
Est. payment /mo
Active
1250 Edris Drive Los Angeles, CA 90035
6,532 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,532 sqft
Price per Sqft $604
MLS Listing ID CL26986475
HOA Y/N No
Year Built 2010
Lot Size 7,374 Sqft
Acres 0.1693
Property Sub-Type Other
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
Zoning LARD1.5
Interior
Heating Other
Cooling Central Air
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other
Building
New Construction No
Others
Tax ID 4330025004
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Listed by Sam Shakerchi • Compass