$2,350,000 3417 Edgehill Drive Los Angeles, CA

MLS: PW20091672   Type: Income   County: Los Angeles   City: Los Angeles   Area: Mid Los Angeles   Zip: 90018   Style: Contemporary     Stories: 2

Mortgage $11,033 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

0

0

0

5,504

5,898

2020

Here's the opportunity you've been searching for! A luxury multi-unit quadplex with above average market cap rate, fully leased cash flowing $14,000 a month in a great mid-city LA location. Lessee responsible for maintenance, upkeep and utilities. New owner will only be responsible for their taxes & insurance! This is truly a turn key, rock solid investment in uncertain times. The 2020 luxury units include two duplexes. Front duplex has 3 bedroom & 2 bath units in an up and down configuration. The back duplex boasts 4 bedrooms and 3 bathrooms in a townhouse style side-by-side, 3 story high configuration with attached tandem garages. The modern esthetic is enhanced by clean lines and trendy finishes. Each unit has luxe laminate flooring for easy maintenance and durability. Interior configurations were designed with the way people are sharing spaces today and into the future. Kitchens boast bold backsplash design and soft close white shaker cabinets. Metal finishes and recessed lighting are present throughout the space. The designer color palette of greys and whites appeal to everyone's taste and make units rent for premiums in the area. Property is located just off of Jefferson Blvd and is adjacent to all local transportation hubs. Only a short 2 miles from USC, this location is ideal to access all of what LA has to offer. Located in one of the hottest markets in LA, you need to see them for yourself.

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Price History

5/15/2020 Listed $2,550,000
8/14/2020 6% - $2,400,000
9/18/2020 3% - $2,350,000

Architectural Style Contemporary
Assessments None
Attached Structure Attached
Community Features Street Lights, Urban
Directions Slightly South of Jefferson Blvd. / West of Crenshaw Blvd.
Flooring Laminate
Garage Spaces 5.00
Heating Central
Levels Two, Three Or More
Listagentaor Pacific West
Listing Agent Sonia Ramirez - BRE#02031080
Listing Agent State License 02031080
MLS Area C16 - Mid Los Angeles
Parking Features Direct Garage Access, Driveway, Garage
Pool Features None
Price Per Square Foot 426.96
Private Pool No
Property Attached Y/N Yes
Senior Community Y/N No
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 4
Zoning LARD1.5

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 1 Common Wall
Heating Y/N Yes
Laundry Features Gas Dryer Hookup, Inside, Washer Hookup
Laundry Y/N Yes
Room Type All Bedrooms Down
Studio Area Unit Type Square Feet
Window Features Double Pane Windows

Exterior Features

Building Area Total 5504.00
Land Lease Y/N No
Lot Features 2-5 Units/Acre
Lot Size Acres 0.1354
Lot Size Area 5900.0000
Lot Size Source Assessor
Lot Size Square Feet 5900.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 4
Parking Y/N Yes
Total Parking 8.00
Uncovered Spaces 3.00
Water Source Public

Property Schools



Direct Link:

https://www.jvalenrealestate.com/property/25-PW20091672-3417-Edgehill-Drive-Los-Angeles-CA-90018

Gallery (8 photos)

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Property vs Zip Code Avg (90018)

Price 2.35M Avg 1.32M

Sqr Feet 5,504 Avg 654

Cost / Sqr Ft $427 Avg $2,022

Acres 0.1354 Avg 0.16

Visits 21 Avg 23

Days on Site 128 Avg 145

Walkscore® 82 Avg 76

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Sonia Ramirez with Alta Mira Realty, Inc..




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Location & Address

J Valen RE Team

Los Angeles, CA
310-231-6864
888-879-7812