Courtesy of: Carlos Munoz, Century 21 A Better Service, servingla@outlook.com
Courtesy of: Carlos Munoz, Century 21 A Better Service, servingla@outlook.com
$1,199,900
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8 bed
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6.00 Bath (6 Full)
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Lot: 0.15 Acres
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Apartment
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$1,199,900
4237 8th Avenue 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.
Courtesy of: Carlos Munoz, Century 21 A Better Service, servingla@outlook.com
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