NOT LISTED FOR SALE

4050 8th Ave Los Angeles, CA 90008

Leimert Park Neighborhood
5 Beds
5 Baths
4,992 Sq Ft
4,664 Sq Ft Lot

Last Sold July 19, 2019

Last sale price $1,115,000 $223 Per Sq Ft

12 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Wall Furnace

About This Home

As of July 2019

Attractive and well maintained 5 unit building in Leimert Park. Each unit is a spacious sized 1 bedroom and 1 bath with hardwood and tile floors. The building includes a 4 car garage equipped with electric openers. All units with the exception of 1 are currently occupied. Amazing investment opportunity with huge upside potential in rent. Do not disturb occupants.

Last Agent to Sell the Property

Kai Ito

Compass License #01408887 Listed on: 06/14/2019

Compass

Co-Listed By

cameron matsukuma

Cameron Aya Matsukuma License #01882465

Last Buyer's Agent

Kai Ito

Compass License #01408887 Listed on: 06/14/2019

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 4,664 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 4 Car Garage

Home Design

  • 4,992 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 583
  • Tax Tract Number 10023
  • Assessor Parcel Number 5023002007

Community Details

Overview

  • 5 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $720
  • Insurance Expense $3,317
  • Pest Control $350
  • Professional Management Expense $4,050
  • Water Sewer Expense $1,650
  • New Taxes Expense $15,000
  • Operating Expense $26,086
  • Net Operating Income $58,466

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 4050.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1650.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5023002007
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 223.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Pest Control Expense: 350.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4664.00
  • Lot Size Acres: 0.1071

Multi Family

  • Electric Expense: 600.00
  • Gross Scheduled Income: 84552.00
  • Insurance Expense: 3317.00
  • Lot Size Area: 4664.0000 Square Feet
  • Net Operating Income: 58466.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Number With Patio: 3
  • Operating Expense: 26086.00
  • Rent Control: Yes
  • Total Actual Rent: 5396.00
  • Total Expenses: 26086.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 2343.00
  • Tax Lot: 583
  • Tax Tract Number: 10023

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2019 07/19/19 Sold $1,115,000 -7.1% $223 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $1,200,000 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kai Ito

    Seller's Agent in 2019

    Kai Ito

    Compass

    (310) 894-6787

    1 in this area

    84 Total Sales

    Kai Ito
    Section Image

  • c

    Seller Co-Listing Agent in 2019

    cameron matsukuma

    Cameron Aya Matsukuma

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19135558

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90008 Leimert Park

4050 8th Ave, Los Angeles, CA

This home is located at 4050 8th Ave, Los Angeles, CA 90008 since 14 June 2019. This property was built in 1951. 4050 8th Ave is a home located in Los Angeles County with nearby schools including Forty-Second Street Elementary School, Audubon Middle School, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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