2942 Edgehill Dr - Apartments FOR SALE


Los Angeles, CA 90018- West Adams
$650,000 USD
310-592-8269
2942 Edgehill Dr, Los Angeles, CA for Sale
$650,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

2942 Edgehill Dr
Los Angeles, CA 90018
West Adams


HIGHLIGHTS

  • Over 9,000 SF lot with RD1.5 zoning
  • 0.8 mile from Expo/Crenshaw metro station
  • Pride-of-ownership Mid City community of Jefferson Park
  • Garages offer potential to develop up to 2 ADU's
  • Extremely below market rents
  • Motivated seller

OVERVIEW

Darin Spillman, as exclusive listing agent, is pleased to present a 6 unit apartment building near Crenshaw & Adams in a pride-of-ownership neighborhood, with proximity to West Adams, Crenshaw, Jefferson Blvd.'s, the West Side, Mid City, and Downtown Los Angeles. There are two 2 bed 1 bath units, four 1 bed 1 bath units and 8 parking spaces including garages for 6 cars, providing an opportunity to develop ADU's (Buyer to verify). A new roof was installed in 2023. Property has original plumbing and electric, and insurance carrier wants upgraded electrical panel and subpanels. Cash offers are encouraged. Long term tenants under rent control. Tenants will not accept cash for keys. Seller will not carry financing. Preferred method of contact with listing agent is via email.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$175 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Distressed Sale - 6 Units Jefferson Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

LARD1.5

APN/PARCEL ID

5051-024-020

ASK ABOUT THIS PROPERTY

Darin SpillmanKidder MathewsMore Info
310-592-8269

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Darin SpillmanKidder MathewsMore Info
310-592-8269

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