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2867 Edgehill Dr, Los Angeles, CA 90018
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2867 Edgehill Dr Los Angeles, CA 90018

$2,410,000 Sold Price as of 06/22/2022
  • 12 Beds
  • 12 Baths
  • 6,120 Sq.Ft.
Sold
$2,410,000 Sold Price as of 06/22/2022 Refinance Your Mortgage
Map preview of 2867 Edgehill Dr, Los Angeles, CA 90018

Property Overview: 2867 Edgehill Dr Los Angeles, CA has 12 bedrooms, 12 bathrooms, 6,120 living square feet and 13,808 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Approximately 40% in Rental Upside - Pro-Forma Cap Rate of 6.98% & Pro-Forma GRM of 10.24 | 4.28% Current Cap Rate & 14.37 Current GRM | Located in the Rapidly Gentrifying & Revitalized Jefferson Park Neighborhood of Los Angeles | Large 13,808-Square Foot Lot - Zoned LAR3 Which Presents Strong Development Potential | Twelve Bungalow-Style 1-Bedroom/1-Bathroom Units | Located a Half-Mile from the Expo/Crenshaw Line Station & 1.5 Miles from the Baldwin Hills Crenshaw Plaza Mall with Proposed $1 Billion in Redevelopment & Renovations | Upgraded Electrical & Upgraded Plumbing to Majority Copper (Buyer to Verify) | Gated Building and Water-Efficient Plants & Landscaping | Close Proximity to USC, USC Village, Banc of California Stadium & LA Memorial Coliseum | On-Site Laundry Facility - Generates Additional Annual Income

Listed by Jonathan Nikfarjam | BRE #01856803 | Shield CRE, Inc.
Last checked: 12 minutes ago | Last updated: June 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
13,808
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22141907
City
Los Angeles
County
Los Angeles
Time on Site
769 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 4
  • # of Electric Meters: 12
  • # of Gas Meters: 12
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,208
  • Total Rent: $14,496
  • Pro Forma/Market Rent: $20,340
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.37
  • Gross Scheduled Income: --
  • Net Operating Income: $107,101
  • Gross Operating Income: $168,721
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2867 Edgehill Dr

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 12
  • Parcel Number: 5051011013
Location / Neighborhood
Location Information
  • Directions: South of Adams Boulevard, East of Crenshaw Boulevard, West of 11th Avenue, North of 29th Street
View more facts & features

Local Los Angeles Agent

Sale History for 2867 Edgehill Dr

Last sold for $2,410,000 on June 22nd, 2022

  • June, 2022

  • Jun 22, 2022

    Date

    Sold

    CRMLS: 22141907

    $2,410,000

    Price

  • Mar 31, 2022

    Date

    Active

    CRMLS: 22141907

    $2,500,000

    Price

  • December, 2017

  • Dec 21, 2017

    Date

    Sold

    CRMLS: 17273740

    $2,000,000

    Price

  • Oct 16, 2017

    Date

    Pending

    CRMLS: 17273740

    $2,100,000

    Price

  • Sep 26, 2017

    Date

    Active

    CRMLS: 17273740

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    12 classic bungalow-style apartments with high upside on rents. New leases going for $1600/mo. Property features 12 1+1 bungalows in four detached structures. Several units have been updated within the last year.Unit size is approx 550 sf. Centrally located close to freeway and Expo line. Buyers to verify all property details and information. Drive-by only. Showing only with accepted offer. DO NOT DISTURB TENANTS.

  • November, 2017

  • Nov 29, 2017

    Date

    Sold (Public Records)

    Public Records

    $2,000,000

    Price

  • August, 2015

  • Aug 25, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,575,000

    Price

Show More

Tax History for 2867 Edgehill Dr

Assessed Value (2020): $2,085,600
Year Land Value Improved Value Assessed Value
2020 $1,456,560 $629,040 $2,085,600

Home Value Compared to the Market

This property vs the competition

2867 Edgehill Dr sold on June 22, 2022 for 110.08% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $408.5 per/sqft which puts the price per square foot 45.89% lower than the current median sale per square foot for the city of Los Angeles.

About 2867 Edgehill Dr

Detailed summary of property

2867 Edgehill Dr is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 12 bedrooms, 12 bathrooms, roughly 6,120 living square feet, and sits on an approximately 13,808 square foot lot. 2867 Edgehill Dr was first listed on ArdentRealEstateGroup.com on March 31, 2022. The homeowner sold the property for $2,410,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 110.08% higher than the current median priced home. Local homes that are currently for sale include 1251 S Wilton Pl, 1415 S St Andrews Pl and 5134 W Washington Blvd. While the average home in Los Angeles, CA is selling in 94 days, 2867 Edgehill Dr has a days on market of 8 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2867 Edgehill Dr Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2867 Edgehill Dr

Public county record property details
Beds
12
Baths
12
Year built
1923
Sq. Ft.
6,120
Lot Size
13,807
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5051-011-013

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$629
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
51
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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