5607 Edgemar Avenue, Los Angeles, CA 90043

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5607 Edgemar Avenue

$1,000,000

Overview

Property ID: HZ26838691

7
Bedrooms

5
Bathrooms

4175
Sq Ft

5
Garages

1941
Year Built

Description

5607 Edgemar Avenue is a mid-century, wood frame stucco apartment complex, located in the highly sought after, Windsor Hills neighborhood. This 4,175 square foot building is situated on a 4,999 square foot lot and boasts amazing views from some of the upper units. Currently, the 2-bedroom units are rented at below market rates. Two of the one-bedroom units are vacant and the other is occupied by a tenant who, was acting as a manager. The building is in need of significant repairs and upgrades. Upon completion, the property should generate well over $10,000 per month. Additionally, there are five garages in the rear, off the alley, which may provide an opportunity to add ADU’s. This is an add-value project which will attract a tremendous amount of interest, due to its superior location and future income potential. Please make offers subject to inspection. Showings with accepted offers only.