FOR SALENew Listing
4237 8th Avenue
Los Angeles, CA 90008
6,328 Lot Sq Ft
Built 1929
$1,199,900
Property Overview
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.
Home Details
- Property type
- Residential Income - Apartment
- Year built
- 1929
- Lot size
- 6,328 sq ft
- Parking
- 4 spaces
- Garage
- 2 spaces
- Carport
- 2 spaces
- Stories
- 2
- Days on market
- 12
- MLS status
- Active
- Architectural style
- Spanish
Features & Amenities
Pool
- None
Lot
- Zero To One Unit Acre
Security
- Closed Circuit Cameras
Community, Schools & Utilities
Community
- View
- None
Utilities
- Cooling
- None
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 4237 8th Avenue
Property type: Residential Income
The current asking price is $1,199,900. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 4237 8th Avenue. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1929. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 12 days. Status can change, so verify availability before relying on it.
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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