3044 Edgehill Drive
3044 Edgehill Drive
$1,640,000
1
8
7,574
7,574
$217
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Description
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....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. 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.
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.
- Listed by Raymond Rodriguez • DRE #01402283 • Brokerage DRE #01811831 • Equity Union
Property Details for 3044 Edgehill Drive
Parking Spaces Total
7
Private PoolNo
Total Units8.0
Building TypeAttached
Lot Size SourcePublic Records
Living Area7574
Assessor Parcel Number5051-033-011
Property Attached YNtrue
Location
LISTING UPDATED: 04/22/2024 01:39 PM
Property Details for 3044 Edgehill Drive
Status | Active |
---|---|
MLS # | SR24080564 |
Days on Market | 13 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1929 |
County | Los Angeles County |
Location
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Building Information for 3044 Edgehill Drive
Building/Complex3044 Edgehill DrFloor-Stories2Residences-Pet Policy-Year Built1929Building Size-
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$10,453 per month
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Property Information for 3044 Edgehill Drive
Property History for 3044 Edgehill Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3044 Edgehill Drive
Taxable ValueLand$1,026,276Additions$368,120Total$1,394,396
Tax Record2023$18,030 ($1,503 / month)
Home Facts
Total Finished SqFt7,574 SqFtAbove Grade Finished SqFt7,574 SqFtLot Size8,005 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningLARD1.5CountyLOS ANGELESAPN5051-033-011
Schools near 3044 Edgehill Drive
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Sixth Avenue Elementary School PublicK to 5 | ||
Johnnie Cochran, Jr., Middle School Public6 to 8 | ||
Susan Miller Dorsey Senior High School Public9 to 12 | ||
ISANA Nascent Academy CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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