NOT LISTED FOR SALE

2867 Edgehill Dr Los Angeles, CA 90018

Jefferson Park Neighborhood

Estimated Value: $2,472,572 - $2,594,000

12 Beds
12 Baths
6,120 Sq Ft
$414/Sq Ft Est. Value

Last Sold June 22, 2022

Last sale price $2,410,000 $394 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $15,868/month

8 Days on Market

About This Home

As of June 2022

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

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 03/31/2022

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 03/31/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 0.32 Acre Lot

Parking

  • On-Street Parking

Interior Spaces

  • 6,120 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5051-011-013

Community Details

Overview

  • 4 Buildings
  • 12 Units

Building Details

  • Vacancy Allowance $7,030

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6120
  • Lot Acreage: 0.3169
  • Price Per Unit: 208333.00
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 408.50

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

  • Parking Garage: On street

Utilities

  • Number Electric Meters: 12
  • Number Gas Meters: 12

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 630707
  • Assessed Land Percent: 70
  • Assessed Land Value: 1471649
  • Total Assessed Value: 2102356
  • Assessor Parcel Number: 5051-011-013
  • Lot Size Area: 13808

Rental Info

  • Total Actual Rent: 173952.00

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.37
  • Number Of Units: 12
  • Type Of Units: 1 BD + 1 BA
  • Vacancy Allow: 7030
  • Vacancy Allow Percent: 4.00

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 31250.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2017
Closed on
Oct 18, 2017
Sold by
Cuneo James Nicholas and Cuneo Angela P
Bought by
2867 Edgehill Dr Llc
Seller's Agent
Anthony Cuneo
Clement Partners Real Estate
Buyer's Agent
D. Danielle Hoston Wrighster
D Danielle Hoston Wrighster
List Price
$2,100,000
Sold Price
$2,000,000
Premium/Discount to List
-$100,000
-4.76%
Current Estimated Value
$2,533,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$533,286
Avg. Annual Appreciation
2.96%

Purchase Details

Listed on
Mar 7, 2015
Closed on
Aug 13, 2015
Sold by
Cdrnell Jones Elmer and Cdrnell Jones
Bought by
Cuneo Revocable Trust
Seller's Agent
Tru Le
Professional R.E. Center, Inc.
Buyer's Agent
NonMember Paradise
Non-Member Office Paradise
List Price
$169,900
Sold Price
$1,575,000
Premium/Discount to List
$1,405,100
827.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%
Original Mortgage
$838,750
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2012
Sold by
Jones Verlene S
Bought by
Jones Verlene S and The Verlene Jones Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
2867 Edgehill Dr Llc $2,000,000 Provident Title
Cuneo Revocable Trust $1,575,000 First American Title
Jones Verlene S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cuneo Revocable Trust $838,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2022 06/22/22 Sold $2,410,000 -3.6% $394 / Sq Ft
04/08/2022 04/08/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $2,500,000 +25.0% $408 / Sq Ft
11/29/2017 11/29/17 Sold $2,000,000 -4.8% $327 / Sq Ft View Prior Sale
10/07/2017 10/07/17 Pending -- -- --
09/26/2017 09/26/17 For Sale $2,100,000 +33.3% $343 / Sq Ft
08/15/2015 08/15/15 Sold $1,575,000 +827.0% $257 / Sq Ft View Prior Sale
04/23/2015 04/23/15 Pending -- -- --
03/07/2015 03/07/15 For Sale $169,900 -- $28 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $31,605 $2,557,511 $1,496,303 $1,061,208
2024 $31,605 $2,507,364 $1,466,964 $1,040,400
2023 $31,012 $2,458,200 $1,438,200 $1,020,000
2022 $26,514 $2,144,402 $1,501,081 $643,321
2021 $26,179 $2,102,356 $1,471,649 $630,707
2019 $25,422 $2,044,800 $1,428,000 $616,800
2018 $25,159 $2,004,800 $1,400,000 $604,800
2017 $20,359 $1,606,500 $1,124,550 $481,950
2016 $19,872 $1,575,000 $1,102,500 $472,500
2015 $2,151 $88,078 $34,449 $53,629
2014 $2,247 $86,354 $33,775 $52,579
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Nikfarjam

    Seller's Agent in 2022

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    1 in this area

    79 Total Sales

    Jonathan Nikfarjam
    Section Image

  • A

    Seller's Agent in 2017

    Anthony Cuneo

    Clement Partners Real Estate

    Section Image

  • D

    Buyer's Agent in 2017

    D. Danielle Hoston Wrighster

    D Danielle Hoston Wrighster

  • T

    Seller's Agent in 2015

    Tru Le

    Professional R.E. Center, Inc.

    Section Image

  • N

    Buyer's Agent in 2015

    NonMember Paradise

    Non-Member Office Paradise

See All Agents

Map

Source: The MLS

MLS Number: 22-141907

The MLS

APN: 5051-011-013

California Los Angeles County Los Angeles 90018 Jefferson Park

2867 Edgehill Dr, Los Angeles, CA

Not Listed for Sale

MultiFamily

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