3044 Edgehill Drive
Los Angeles, CA, 90018
$1,575,000
Beds
0 Baths
SqFt
0.18 Acres
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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 ±85% 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 in the South Los Angeles region of Los Angeles, California. Situated just south of downtown Los Angeles, Jefferson Park is bounded by West Adams to the north, Leimert Park to the south, Arlington Heights to the west, and the Exposition Park area to the east. The neighborhood is known for its diverse community, rich cultural heritage, and historic architecture.

As of the latest available data, Jefferson Park has a population of approximately 14,000 residents. The neighborhood is characterized by its diverse demographic makeup, with residents representing a variety of ethnicities, cultures, and socioeconomic backgrounds. Families, young professionals, and artists are drawn to Jefferson Park for its affordability, sense of community, and convenient location.

Property Details

Price:
$1,575,000
MLS #:
SR25069549
Status:
Active
Baths:
0
Address:
3044 Edgehill Drive
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Mar 31, 2025
State:
CA
ZIP:
90018
Lot Size:
8,005 sqft / 0.18 acres (approx)
Year Built:
1929
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Community Features
Suburban
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Features
Carport
Parking Spots
7.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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3044 Edgehill Drive
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