4237 8th Ave Los Angeles, CA 90008
Leimert Park NeighborhoodEstimated payment $8,026/month
Highlights
- Second Garage
- Closed Circuit Camera
- Wrought Iron Fence
- Spanish Architecture
- Laundry Facilities
About This Home
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.
Listing Agent
Century 21 A Better Service Brokerage Phone: 562-842-6557 License #01408987
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 6,328 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Chain Link Fence
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- 2 Carport Spaces
- Second Garage
Home Design
- Spanish Architecture
- Apartment
- Entry on the 1st floor
- Flat Roof Shape
- Raised Foundation
- Mixed Roof Materials
- Flat Tile Roof
- Stucco
Interior Spaces
- 4,936 Sq Ft Home
- 2-Story Property
- Closed Circuit Camera
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Full Bathrooms
Utilities
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 402
- Tax Tract Number 9741
- Assessor Parcel Number 5023014005
- $1,223 per year additional tax assessments
Community Details
Building Details
- 5 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Insurance Expense $1,675
- Other Expense $1,200
- Trash Expense $3,900
- Water Sewer Expense $6,300
- Operating Expense $14,275
- Gross Income $1,000
- Net Operating Income $61,541
Additional Features
- 6 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW26202192
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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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Ask me questions while you tour the home.