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Sold for $1,325,000 on 06/27/25
  • Listing Provided by: 

    Raymond Rodriguez DRE #01402283 818-581-5829,

    Equity Union

    $1,325,000

    3044 Edgehill Dr, Los Angeles, CA 90018

    8beds
    8baths
    7,574sqft
    Multi Family
    Built in 1929
    -- sqft lot
    $1,320,900 Zestimate®
    $175/sqft
    $1,837 Estimated rent

    What's special

    We are proud to present The Jefferson, a value-added multifamily investment opportunity located in Jefferson Park, Los Angeles, at 3044 Edgehill Dr. This architecturally charming apartment complex is comprised of (8) spacious apartment units in one two-story building with curb appeal offered at an attractive cost per pound of $196,875 per unit and $207.95 per square foot. The building is constructed of a wood frame with a flat roof and stucco exterior. The development of the building was completed in 1929 and encompassed an impressive ±7,574 building square feet situated on one parcel totaling ±8,005 square feet. Zoning is LARD1.5. The updated apartment units are large and consist of (8) one-bedroom + one-bath units, offering two points of entry. Each unit is individually metered for gas and electricity, along with individual hot water heaters, further lowering utility costs. In the last several years, the property systems have been upgraded, and the property offers a newer roof and copper plumbing. The building is accessible from the front of the property off Edgehill Dr., and the property provides 7 covered onsite parking spaces that have yet to be monetized. Though certain upgrades have been made, there is still a considerable amount of value-add to unlock at the property, as well as tremendous upside, offering ±81% in potential untapped rental income, making The Jefferson an incredible opportunity for an investor looking to acquire a well-positioned asset at an unbelievable price of $207.95 p/sf! (8) One-Bedroom + One-Bath Jefferson Park is a historic neighborhood located in the South Los Angeles region of Los Angeles, California. Situated just south of downtown Los Angeles, Jefferson Park is bounded by West Adams to the north, Leimert Park to the south, Arlington Heights to the west, and the Exposition Park area to the east. The neighborhood is known for its diverse community, rich cultural heritage, and historic architecture. As of the latest available data, Jefferson Park has a population of approximately 14,000 residents. The neighborhood is characterized by its diverse demographic makeup, with residents representing a variety of ethnicities, cultures, and socioeconomic backgrounds. Families, young professionals, and artists are drawn to Jefferson Park for its affordability, sense of community, and convenient location.

    Zillow last checked: 7 hours ago

    Listing updated: June 27, 2025 at 04:57pm

    Listing Provided by:

    Raymond Rodriguez DRE #01402283 818-581-5829,

    Equity Union

    Bought with:

    Austin Muller, DRE #01931334

    Skylight Real Estate Advisors, Inc.

    Source: CRMLS,MLS#: SR25069549MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 7,574
    • Total interior livable area: 7,574 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Carport
    • Has carport: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 8,005 sqft
    • Features: Rectangular Lot
    Details
    • Parcel number: 5051033011
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1929

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Suburban
    Location
    • Region: Los Angeles

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,Contract
    Services availability
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    Estimated market value

    $1,320,900