Property
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 10 BR |
| Bathrooms: | 9 |
| Area: | 7374 sq ft |
| Lot Size: | 0.2 Acres |
Financials
Price:$4,195,000
Listing Courtesy of Compass
1250 Edris Dr 10BR Beverlywood La
Description
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.
Neighborhood
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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
