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1250 Edris Dr 8 Unit Apartment Building $4,195,000 ($524,375/Unit) Los Angeles, CA 90035
Investment Highlights
- All Utilities Individually Metered - Including Water
- Prime Beverlywood Location
- Close to Beverly Hills
- 4 of the 8 Units were newly constructed in 2010...Those 4 are not rent controlled.
Executive Summary
Compass Commercial is pleased to exclusively present 1250 Edris Drive, an 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 and tenants pay 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.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Range
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 1 |
| 2+2 | 1 | - | 1 |
| 1+1 | 6 | - | 1 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4330-025-004 | Improvements Assessment | $508,839 |
| Land Assessment | $1,473,761 | Total Assessment | $1,982,600 |
Property Taxes
Parcel Number
4330-025-004
Land Assessment
$1,473,761
Improvements Assessment
$508,839
Total Assessment
$1,982,600
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1250 Edris Dr