1250 Edris Drive, Los Angeles, CA 90035
List Price: $4.2M
Listing Status: Active
0Days on Market: 8
10 Bedrooms · 9 Bathrooms · 6,532 sq ft
Property Type: ResidentialIncome
Year Built: 2010
Lot Size: 7,374 sq ft
MLS Number: 26986475
About This Property
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 so the tenants pay all of 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.
Listing provided by: Sam Shakerchi DRE #01868195 310-230-5478 samshakerchi@gmail.com, Compass
Source: CRMLS, MLS #: 26986475
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.