5607 Edgemar Avenue, Los Angeles, CA 90043
List Price: $1M
Listing Status: Active
0Days on Market: 8
7 Bedrooms · 5 Bathrooms · 4,175 sq ft
Property Type: ResidentialIncome
Year Built: 1941
Lot Size: 4,999 sq ft
Garage Spaces: 5
Private Pool: Yes
MLS Number: 26838691
About This Property
5607 Edgemar Avenue is a mid-century, wood frame stucco apartment complex, located in the highly sought after, Windsor Hills neighborhood. This 4,175 square foot building is situated on a 4,999 square foot lot and boasts amazing views from some of the upper units. Currently, the 2-bedroom units are rented at below market rates. Two of the one-bedroom units are vacant and the other is occupied by a tenant who, was acting as a manager. The building is in need of significant repairs and upgrades. Upon completion, the property should generate well over $10,000 per month. Additionally, there are five garages in the rear, off the alley, which may provide an opportunity to add ADU's. This is an add-value project which will attract a tremendous amount of interest, due to its superior location and future income potential. Please make offers subject to inspection. Showings with accepted offers only.
Listing provided by: Jerome McAlpin DRE #00939725 310-437-4172 jerome@mcalpinco.com, McAlpin & Company
Source: CRMLS, MLS #: 26838691
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.