3025 Edgehill Drive, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath
ACTIVE$1,399,000
3025 Edgehill Drive, Los Angeles, California 90018
0Bed
0Bath
3,162Sqft
8,001Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is a triplex, offering immediate multiple rental income streams and strong investment potential in a desirable Los Angeles market.
Top Cons:
Age of Property: Built in 1944, the property's age may lead to higher maintenance costs or potential for unforeseen issues with older systems and infrastructure compared to newer constructions.
Compared to the nearby listings
Price:$1.40M vs avg $799.0K (+$600,000)85%
Size:3,162 sqft vs avg 2,402 sqft77%
Price/sqft:$442 vs avg $41254%
More Insights
Built in 1944 (81 years old).
Condition: The property, built in 1944, is a triplex with varying conditions across its units. Unit 1 features a modern updated kitchen and bathroom with many new upgrades, suggesting a recent renovation that would lean towards a 'Good' or 'Excellent' rating for that specific unit. However, Unit 2 has been 'kept up to its original look,' which, while described as 'pristine condition,' clearly shows dated aesthetics in the bathroom (pink walls, older vanity, older tiles) and living areas (green trim, ceiling fan). Unit 3 is a studio also described as being in 'great condition.' Given that only one of the three units has undergone a significant modern renovation, and the property's overall age, the property as a whole fits the 'Fair' category. It is aged but maintained through regular upkeep, and while some components are updated, others show signs of being outdated, requiring minor updates or repairs to achieve a more consistent modern standard across all units.
Year Built
1944
Close
-
List price
$1.4M
Original List price
$1.5M
Price/Sqft
$442
HOA
-
Days on market
-
Sold On
-
MLS number
SR24139608
Home ConditionFair
Features
Good View:
View-
About this home
*** TRI PLEX *** IN A VERY DESIRABLE AREA OF MID-CITY LOS ANGELS. 3 UNITS AND ALL KEPT IN GREAT CONDITION. 1ST UNIT HAS MODERN UPDATED KICTEHN AND BATHROOM AND HAS MANY NEW UPGRADES TROUGH-OUT THE HOME. EXTRA SPACE TO HAVE AN OFFICE AND ADD MORE BEDROOMS. 2ND UNIT HAS BEEN KEPT UP TO ITS ORIGINAL LOOK. IN PRISTINE CONDITION AND LOTS OF SPACE TO ADD MORE ROOMS IF NEEDED. 3RD UNIT IS A HUGE STUDIO AND HAS ROOM TO CONVERT IN TO A 1 BEDROOM IF DESIRED. ITS ALSO SET UP TO ADD A 3RD GAS AND ELECTRIC METER IF DESIRED. PROPERTY HAS GREAT SPACE IN THE BACK YARD FOR ADDITIONAL AREA FOR A WORK SHOP OR EXTRA PARKING OR POSSIBLE EXPANSION. UP COMING PLACE TO TAKE ADVANTAGE OF ! ADD AN ADU OR BUILD A MULTI UNIT !!!
Nearby schools
3/10
Sixth Avenue Elementary School
Public,•K-5•0.4mi
5/10
Virginia Road Elementary School
Public,•K-5•0.5mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•0.9mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.1mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•1.2mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.3mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.1mi
2/10
Audubon Middle School
Public,•6-8•1.2mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.9mi
5/10
Foshay Learning Center
Public,•K-12•1.5mi
4/10
Los Angeles Senior High School
Public,•9-12•2.1mi
4/10
West Adams Preparatory High School
Public,•9-12•2.5mi
Price History
Date
Event
Price
08/04/08
Sold
$465,000
Condition Rating
Fair
The property, built in 1944, is a triplex with varying conditions across its units. Unit 1 features a modern updated kitchen and bathroom with many new upgrades, suggesting a recent renovation that would lean towards a 'Good' or 'Excellent' rating for that specific unit. However, Unit 2 has been 'kept up to its original look,' which, while described as 'pristine condition,' clearly shows dated aesthetics in the bathroom (pink walls, older vanity, older tiles) and living areas (green trim, ceiling fan). Unit 3 is a studio also described as being in 'great condition.' Given that only one of the three units has undergone a significant modern renovation, and the property's overall age, the property as a whole fits the 'Fair' category. It is aged but maintained through regular upkeep, and while some components are updated, others show signs of being outdated, requiring minor updates or repairs to achieve a more consistent modern standard across all units.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, offering immediate multiple rental income streams and strong investment potential in a desirable Los Angeles market.
Significant Value-Add Potential: Opportunities exist for adding an ADU, converting the studio unit to a 1-bedroom, and expanding existing units, promising future appreciation and increased rental income.
Desirable Mid-City Location: Situated in a very desirable area of Mid-City Los Angeles, ensuring strong rental demand and potential for property value growth.
Well-Maintained & Updated Units: Units are described as being in 'great' or 'pristine' condition, with one unit featuring modern updated kitchen and bathroom, reducing immediate capital expenditure for a new owner.
Large Lot Size: An 8001 sqft lot provides ample space for current use, potential expansion, additional parking, or outdoor amenities, supporting the ADU and workshop possibilities.
Cons
Age of Property: Built in 1944, the property's age may lead to higher maintenance costs or potential for unforeseen issues with older systems and infrastructure compared to newer constructions.
Varying Unit Modernization: While one unit is updated, another retains its 'original look,' and the third is a studio, potentially limiting overall rental income potential without further modernization investments across all units.
Recent Price Reduction: A $100,000 price reduction from the original list price could indicate initial overpricing or a slower-than-expected market response, suggesting a potential challenge in current market valuation.