648 Amador St
California, USA
$795000
Zip: 90018
Description: Presenting a prime West Adams 4 unit property located at 3507 Edgehill Drive. The property has a good unit mix with a detached 3+1 House $59,700/yr currently with further rent upside to $6,000/mth; $72,000/yr as tenants vacate eventually. At our $795,000 price, the property is: $198,750/unit; a 13.32 current GRM; a 11.04 market GRM; a 4.77% current CAP; a 6.27% market CAP; and $330/sq. ft. The front home was built in 1926 directly north of Expo Blvd; and just south of Jefferson Blvd. The property is also only a short 0.4 mile walk (8 minutes) from the Expo/Crenshaw metro train station with direct access from Downtown LA to Santa Monica. West Adams is a fantastic area with its central, mid-city location Hollywood; DTLA; and a short drive to both the 10 & 110 Freeways.
