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Listed by Carlos Munoz, DRE #01408987 • Century 21 A Better Service
$ 1,199,900
Est. payment /mo
New
4237 8th AVE Los Angeles, CA 90008
6,328 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW26202192
Style Spanish
Year Built 1929
Lot Size 6,328 Sqft
Source California Regional MLS
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
Interior
Cooling None
Laundry Washer/Dryer - Owned, Community Facility
Exterior
Garage Spaces 4.0
Pool None
View None
Roof Type Flat / Low Pitch,Tile
Building
Foundation Raised
Water District - Public
Architectural Style Spanish
Others
Tax ID 5023014005
Special Listing Condition Not Applicable
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