4237 8th Avenue, La, CA 90008
sale
$1,199,900
|
Multi-Family
Listed By CENTURY 21 A Better Service Realty
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.
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Property Features
- Cross Docks: N
- For Auction: N
- Location Name: 4237 8th Avenue , LA
- MLSID: DW26202192
- Price Per Area: 0.00
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Year Built: 1929
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