Skip main navigation
Off market
  • $991,100

    3507 Edgehill Dr, Los Angeles, CA 90018

    --beds
    0baths
    2,406sqft
    MultiFamily
    Built in 1926
    -- sqft lot
    $991,100 Zestimate®
    $412/sqft
    $2,867 Estimated rent

    What's special

    Presenting a prime West Adams 4 unit property located at 3507 Edgehill Drive. The property has a good unit mix with a detached 3+1 House & a rear Triplex with three 1+1 Units with 2,406 total SF. All 4 units are tenant-occupied with a solid gross income of $4,975/mth; $59,700/yr currently with further rent upside to $6,000/mth; $72,000/yr as tenants vacate eventually. At our $795,000 price, the property is: $198,750/unit; a 13.32 current GRM; a 11.04 market GRM; a 4.77% current CAP; a 6.27% market CAP; and $330/sq. ft. The front home was built in 1926 & the rear triplex in 1960. The property sits on a good sized 5,900 SF lot zoned RD1.5. There are two garages & large multi-car rear parking landing so there's plenty of off-street parking for all tenants. There's also a rear patio area that could easily be transformed into a great BBQ area, and then there's a large rear shed that could be converted to a laundry room for additional income. This Edgehill property is tucked away on a beautiful primarily residential street. The property is conveniently located just east of Crenshaw Blvd; directly north of Expo Blvd; and just south of Jefferson Blvd. The property is also only a short 0.4 mile walk (8 minutes) from the Expo/Crenshaw metro train station with direct access from Downtown LA to Santa Monica. West Adams is a fantastic area with its central, mid-city location & ease of access to the Westside; Hollywood; DTLA; and a short drive to both the 10 & 110 Freeways.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Appliances
    • Laundry: Gas Dryer Hookup, Washer Hookup
    Features
    • Common walls with other units/homes: 1 common wall
    Interior area
    • Total interior livable area: 2,406 sqft

    Property

    Parking
    • Total spaces: 4
    Lot
    • Size: 5,898 sqft
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 5044007030
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1926

    Utilities & green energy

    • Water: Public

    Community & neighborhood

    Location
    • Region: Los Angeles

    Other

    Other facts
    • CommonWalls: 1 common wall
    • PropertyType: Residential Income
    • SpecialListingConditions: Standard
    • LotFeatures: 0-1 Unit/Acre
    • PreviousStandardStatus: Active
    • Heating: Wall Heater
    • CommunityFeatures: Urban
    • ParkingFeatures: Assigned
    • LaundryFeatures: Gas Dryer Hookup, Washer Hookup
    • MLSAreaMajor: PHHT - Park Hills Heights
    • BuildingAreaUnits: Square Feet
    • ElevationUnits: Feet
    • LotSizeSource: Assessor
    • WaterSource: Public
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $991,100