4237 8th Avenue, LA, CA

Multi-family for Sale - $1,199,900


Agent Info

Juan Carlos Munoz
CENTURY 21 A Better Service Realty

Property Info

CIMLS#1197126
Location
  4237 8th Avenue
  LA CA 90008
UpdatedOctober 3rd, 2026
TypeMulti-family
Price$1,199,900

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.


Financials


Similar Listings