Matt Dunfrund and Holden Groff of Lyon Stahl are pleased to present 3028 Edgehill Dr, a well-maintained West Adams 4Plex in Los Angeles.
This property is listed at $1,600,000.
Featuring a fantastic unit mix with four 2 Bedroom 1.75 bath units, and each unit is large with approx. 1,034sf/unit (4,334 total SF).
There is one unit vacant making this a great owner-user deal, or it gives an investor the ability to quickly rent that unit at market rate.
Once the vacant unit is rented, the gross income will be $8,700/Mth; $104,400/Yr. At the $1.6M asking price, the property is priced at: $400K/unit; a 15.33 current GRM; a 13.89 market GRM; a 4.40% current CAP; a 5.05% market CAP, and $369/SF.
There is a large rear parking area with 4 individual spaces + 5 garages.
Each unit has its own water heater, and there is a laundry room with a paid washer & dryer for the tenants’ use.
Very well located on the border of two of LA’s hottest submarkets, West Adams & Jefferson Park.
Nicely tucked away on a quiet residential street, but also just east of Crenshaw & north of Jefferson Blvd in close proximity to all of the fun restaurants; bars & businesses locally.
The property is only 0.6M (a 10-minute walk) from the Crenshaw/Expo metro station. Also less than a mile from the 10 Freeway for ease of commuting & only a quick 2.6M metro ride to USC/DTLA for easy carless commuting (post-Covid).
This property’s central location truly puts you at the heart of LA with equally easy access to Downtown; Culver City/West LA/Santa Monica & K-Town/Hollywood!
More on this Property:
For More Information, Contact:
Matt Dunfrund: [email protected]
Holden Groff: [email protected]