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1250 Edris Dr

Los Angeles CA 90035

10
9
9
6532 sq. ft.
7374 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

10 bedrooms
9 bathrooms
9 carspaces
6532 sq. ft. floor area
7374 sq. ft. lot size
Other

Property history for 1250 Edris Dr

2006
Sold
Undisclosed
18 Sep 2006

Happy sellers in Los Angeles

<50%
Less than 50% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out as a desirable community for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Los Angeles over the last 12 months.

Local market activity for 10 bedroom other properties in Los Angeles

In the last 12 months, 3 numeral.10-bedroom other properties similar to 1250 Edris Dr, have been sold.

This represents a 200% decrease in numeral.10-bedroom other properties sales when compared to the previous 12 months.

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(619) 566-0008
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