3044 Edgehill Drive, Los Angeles, Ca 90018

We are proud to present The Jefferson, a value-added multifamily investment opportunity located in Jefferson Park, Los Angeles, at 3044 Edgehill Dr. This architecturally charming apartment complex is comprised of (8) spacious apartment units in one two-story building with curb appeal offered at an attractive cost per pound of $196,875 per unit and $207.95 per square foot. The building is constructed of a wood frame with a flat roof and stucco exterior. The development of the building was completed in 1929 and encompassed an impressive 7,574 building square feet situated on one parcel totaling 8,005 square feet. Zoning is LARD1.5. The updated apartment units are large and consist of (8) one-bedroom + one-bath units, offering two points of entry. Each unit is individually metered for gas and electricity, along with individual hot water heaters, further lowering utility costs. In the last several years, the property systems have been upgraded, and the property offers a newer roof and copper plumbing. The building is accessible from the front of the property off Edgehill Dr., and the property provides 7 covered onsite parking spaces that have yet to be monetized. Though certain upgrades have been made, there is still a considerable amount of value-add to unlock at the property, as well as tremendous upside, offering 81% in potential untapped rental income, making The Jefferson an incredible opportunity for an investor looking to acquire a well-positioned asset at an unbelievable price of $207.95 p/sf! (8) One-Bedroom + One-Bath Jefferson Park is a historic neighborhood located