2867 EDGEHILL Drive, Los Angeles, CA 90018

About this property

Approximately 40% in Rental Upside - Pro-Forma Cap Rate of 6.98% & Pro-Forma GRM of 10.24 | 4.28% Current Cap Rate & 14.37 Current GRM | Located in the Rapidly Gentrifying & Revitalized Jefferson Park Neighborhood of Los Angeles | Large 13,808-Square Foot Lot - Zoned LAR3 Which Presents Strong Development Potential | Twelve Bungalow-Style 1-Bedroom/1-Bathroom Units | Located a Half-Mile from the Expo/Crenshaw Line Station & 1.5 Miles from the Baldwin Hills Crenshaw Plaza Mall with Proposed $1 Billion in Redevelopment & Renovations | Upgraded Electrical & Upgraded Plumbing to Majority Copper (Buyer to Verify) | Gated Building and Water-Efficient Plants & Landscaping | Close Proximity to USC, USC Village, Banc of California Stadium & LA Memorial Coliseum | On-Site Laundry Facility - Generates Additional Annual Income

Listing description from the June 2022 sale, as reported to CRMLS.

Sale history

$2,410,000

Sold June 2022 · listed $2,500,000, on market March 2022 · MLS #22141907 · Source: CRMLS

Listing Agent: Jonathan Nikfarjam · Listing Office: Shield CRE, Inc. · Contact: 310-593-9869 · Bought with: Jonathan Nikfarjam · Shield CRE, Inc.

$2,000,000

Sold November 2017 · listed $2,100,000, on market September 2017 · MLS #17273740 · Source: CRMLS

Listing Agent: Anthony Cuneo · Listing Office: Clement Partners Real Estate · Contact: 310-822-7262 · Bought with: D. Danielle Hoston Wrighster · Keller Williams Studio City

$1,575,000

Sold August 2015 · listed $1,699,900, orig. $169,900, on market March 2015 · MLS #PW15050843 · Source: CRMLS

Listing Agent: Tru Le · Listing Office: Century 21 Olympic Team · Contact: 714-839-2060 · Bought with: NonMember Paradise · Non-Member Office Paradise

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