1250 Edris Drive, Los Angeles, CA 90035
- $4,195,000
- 10
- BD
- 9
- BA
- 6,532
- SqFt
Listing courtesy of Listing Agent: Sam Shakerchi (samshakerchi@gmail.com) from Listing Office: Compass.
- List Price
- $4,195,000
- Status
- ACTIVE
- Days on Market
- 8
- MLS#
- 26986475
- Subtype
- Residential Income
- Year Built
- 2010
- Bedrooms
- 10
- Bathrooms
- 9
- Living Area
- 6,532
- Lot Size
- 7,374
- Acres
- 0.17
- MLS Area Major
- Beverlywood Vicinity (C09)
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 offered at $4,195,000...or $524,375 per door. 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.
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Additional Information
- Zoning
- LARD1.5
- Appliances
- Dishwasher, Gas Range, Refrigerator, Dryer, Washer
- Heating
- Central
- Air Conditioning
- Yes
- Stories
- Multi Level
- Levels
- Multi/Split
- Parking Features
- Assigned, Side By Side
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.