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Residential Income - 4237 8th Avenue, Los Angeles, CA

$1,199,900

4237 8th Avenue, Los Angeles, CA

4237 8th Avenue, Los Angeles, CA 90008 - $1,199,900 · Multi-Family Home for Sale, photo 1 4237 8th Avenue, Los Angeles, CA 90008 - $1,199,900 · Multi-Family Home for Sale, photo 2 4237 8th Avenue, Los Angeles, CA 90008 - $1,199,900 · Multi-Family Home for Sale, photo 3 4237 8th Avenue, Los Angeles, CA 90008 - $1,199,900 · Multi-Family Home for Sale, photo 4 4237 8th Avenue, Los Angeles, CA 90008 - $1,199,900 · Multi-Family Home for Sale, photo 5
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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.

Property details

Year built
1929
Property type
Residential Income
Lot size
6,328 sqft

Location

4237 8th Avenue • Los Angeles, CA 90008

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Listed by

Carlos Munoz · Century 21 A Better Service

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Listing courtesy of Century 21 A Better Service. Information deemed reliable but not guaranteed.

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