1250 Edris Dr - Apartments FOR SALE


Los Angeles, CA 90035- Beverlywood
$4,195,000 USD
310-525-0872
1250 Edris Dr, Los Angeles, CA for Sale
$4,195,000 USD
Apartments - FOR SALE
1/8
null | 4.77% Cap Rate

1250 Edris Dr
Los Angeles, CA 90035
Beverlywood


HIGHLIGHTS

  • All Utilities Individually Metered - Including Water
  • Close to Beverly Hills
  • Prime Beverlywood Location
  • 4 of the 8 Units were newly constructed in 2010...Those 4 are not rent controlled.

OVERVIEW

Compass Commercial is pleased to exclusively present 1250 Edris Drive, an 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 and tenants pay 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.

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$645 USD /SF

# OF UNITS

8

PRICE/UNIT

$524,375

CAP RATE

4.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,372 SF

ZONING

LARD1.5

APN/PARCEL ID

4330-025-004

ASK ABOUT THIS PROPERTY

Sam ShakerchiShakerchi Real EstateMore Info
310-525-0872

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Sam ShakerchiShakerchi Real EstateMore Info
310-525-0872

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.