10-Bedroom Residential Income — 1250 Edris Drive, Los Angeles, CA
$4,195,000
1250 Edris Drive, Los Angeles, CA
About this property
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.
Property details
Location
1250 Edris Drive • Los Angeles, CA 90035
Listed by
Sam Shakerchi · Compass
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