4237 8th Avenue, Los Angeles, CA 90008
- $1,199,900
- List Price
- $1,199,900
- Status
- COMING SOON
- MLS#
- DW26202192
- Year Built
- 1929
- Lot Size
- 6,328
- Acres
- 0.15
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 2
- Property Type
- Multifamily
- Style
- Spanish
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Rare 6-unit Spanish-style courtyard building in Leimert Park. Nearly 85% rent upside, current gross income $84,516/yr vs. $156,000/yr at market. One 2BD/1BA unit will be delivered with no tenant in place at close. 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 Leimert Park Village. Subject to LA Rent Stabilization Ordinance; buyer to verify all aspects of the property.
/u.realgeeks.media/goldenfeatherinvestments/GFI_clear-Photoroom_(1).png){kind=spacer}
Additional Information
- Other Buildings
- Second Garage
- Pool Description
- None
- Cooling Description
- None
- View
- None
- Exterior Construction
- Stucco
- Roof
- Flat, Flat Tile, Mixed
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $84,516
- Operating Expense
- 22975
Listing courtesy of Listing Agent: Carlos Munoz (servingla@outlook.com) from Listing Office: Century 21 A Better Service.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.