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… Read More 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. Read Less
Property listed by McAlpin & Company, Jerome McAlpin 310-437-4172
Listing Snapshot
Days Online
50
Last Updated
Beds
7
3/4 Baths
5
Square Ft.
4,175
Lot Size
0.11 Acres
Year Built
1941
MLS Number
26838691
Additional Details
Building
Built in 1941, Living area: 4175.0, 1 building, 2 stories, Levels: MultiSplit
Cooling
None
Disclosures
RentControl, Unincorporated
Fireplaces
None
Garage
5 spaces
Heating
WallFurnace
Income
Gross Income: $106,200, Net Operating Income: $74,678
Lot
0.1148 acres
Parking
5 total parking spaces
Pool
None
Property
Fixer, CityLights
Sewer
SewerTapPaid
Taxes
Parcel Number: 5008016005, Zoning: LCR3YY
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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