Nest Seekers

1250 Edris Dr 10BR Beverlywood La

1250 Edris Dr
LOS ANGELES, CA 90035

Listing

Web ID:5770724
Website:https://www.nestseekers.com/5770724
Cross street:Edris & Pico

Property

Ownership: For Sale
Bedrooms: 10 BR
Bathrooms: 9
Area: 7374 sq ft
Lot Size: 0.2 Acres

Financials

Price:$4,195,000

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.

Location

1250 Edris Dr LOS ANGELES CA 90035 USA

Contact

Beverly Hills, CA
271 North Canon Drive Beverly Hills, CA 90210
Phone: +1 310-278-8861
Fax: +1 310-362-0351
info@nestseekers.com
Listing Courtesy of Compass
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