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4237 8th AvenueLos Angeles, CA 90008
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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.
| an hour ago | Listing first seen on site | |
| 8 hours ago | Listing updated with changes from the MLS® |
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