Property listed by Equity Union, Raymond Rodriguez 818-581-5829
$2,595,000
Edgehill Row Bungalows is a garden-style multifamily property located at 2867 Edgehill Dr. in the Jefferson Park neighborhood of Los Angeles. Originally built in 1923, the property consists of 12 one-bedroom, one-bathroom units and features attractive curb appeal, drought-tolerant landscaping, and a well-maintained setting on a quiet residential street.
Seven of… Read More the twelve units have been renovated. Units feature natural light through French-style doors and windows, hardwood floors, generous closet space, front and rear access, and air conditioning. Renovated units include cedar-lined closets. Units on the west side benefit from additional outdoor space adjacent to rear entries. Each unit includes an individual hot water heater, with seven units equipped with tankless systems. Trash collection is incorporated through the utility structure. A Ratio Utility Billing System (RUBS) for water has been introduced in select units.
The property consists of two structures totaling approximately ±6,120 square feet situated on a ±13,808 square-foot LAR3-zoned lot. The buildings are positioned on either side of a central landscaped walkway with tree-lined features and drought-tolerant design. The wood-frame structures include pitched roofs and painted wood siding consistent with early Los Angeles architectural character.
An on-site laundry facility is located at the rear of the property and includes two coin-operated washer and dryer sets. The rear portion of the lot includes open space that may allow for future improvements, subject to buyer verification and applicable approvals. All units are sub-metered for electricity and gas, except for one unit that shares gas service with the laundry room.
Jefferson Park is a historic South Los Angeles neighborhood known for early 20th-century architecture and tree-lined residential streets. The area offers proximity to Downtown Los Angeles, Mid-Wilshire, Culver City, and West Adams, with access to the 10 and 110 freeways and multiple Metro transit options. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.32 Acres
Year Built
1923
MLS Number
SR26033499
Additional Details
Building
Built in 1923, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: 1
Community
Urban
Expenses
Operating: $78,242
Income
Gross Income: $250,905, Gross ScheduledIncome: $250,905, Net Operating Income: $165,135
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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