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Search Cali Homes Team
4237 8th Avenue, Los Angeles, CA 90008
- $1,199,900
Listing courtesy of Listing Agent: Carlos Munoz (servingla@outlook.com) from Listing Office: Century 21 A Better Service.
- List Price
- $1,199,900
- Status
- ACTIVE
- Days on Market
- 10
- MLS#
- DW26202192
- Subtype
- Residential Income
- Style
- Spanish
- Year Built
- 1929
- Lot Size
- 6,328
- Acres
- 0.15
- MLS Area Major
- Park Hills Heights (PHHT)
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.
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Additional Information
- Property Description
- Spanish
- Exterior Construction
- Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Flat, Flat Tile, Mixed
- Pool Type
- None
- Garage Spaces
- 2
- View
- None
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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.