4237 8th AVE, Los Angeles, CA 90008
4237 8th AVE, Los Angeles, CA 90008
4237 8th AVE, Los Angeles, CA 90008
4237 8th AVE, Los Angeles, CA 90008
4237 8th AVE, Los Angeles, CA 90008
4237 8th AVE, Los Angeles, CA 90008
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$ 1,199,900
Est. payment | /mo

6,329 Sqft Lot


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$ 1,199,900
Est. payment | /mo
Save

6,329 Sqft Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26202192

HOA Y/N No

Year Built 1929

Lot Size 6,329 Sqft

Property Sub-Type Apartment

Property Description

Rare 6-unit Spanish-style building in one of LA's most historic neighborhoods - Leimert Park. Nearly 85% rent upside, current gross income $84,516/yr vs. $156,000/yr at market. One 2BD/1BA unit is currently not occupied and available to live in and / or rent. Updated electrical panels, copper plumbing, several units renovated with granite counters and new flooring. 4 detached garages, 2 available for the next owner to lease separately. Owned coin laundry on-site. Cap rate approximately 5.1% in-place, approximately 11.1% at full market rents. Walking distance to the vibrant Leimert Park Village. Don't miss out.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Rooms

Other Rooms Second Garage

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Fence Chain Link, Wrought Iron

Pool None

Community Features Sidewalks

Utilities Available Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat,Flat Tile,Mixed

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Spanish

Level or Stories Two

Additional Building Second Garage

New Construction No

Others

Senior Community No

Tax ID 5023014005

Security Features Closed Circuit Camera(s)

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Carlos Munoz Century 21 A Better Service 562-842-6557, DRE #01408987
Drake Cruz

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 884-9016

drake@drake4homes.com

6621 E Pacific Coast Hwy #150, Long Beach, CA 90803, USA

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4237 8th AVE