4237 8th Avenue

$1,199,900

4237 8th Avenue, Los Angeles, CA 90008

For Sale

Multifamily

Active

Last Updated: 09/30/2026

Details:

Lot Area: 0.15 acres

Year Built: 1929

MlsNumber: DW26202192

Offered by Broker

Juan Carlos Munoz

A Better Service Realty

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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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