4237 8th Avenue Los Angeles, CA $ 1,199,900
4237 8th Avenue
$ 1,199,900
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4237 8th Avenue

Los Angeles, CA, 90008
$ 1,199,900
Bedrooms-- Baths1.0 Sq 4,936

Monthly Estimate*

$ 8,287

Listed by Carlos Munoz, Century 21 A Better Service, servingla@outlook.com
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Multi-Family Home for sale in Los Angeles, CA

for $1,199,900 with 1 full bath. This 4,936 square foot home was built in 1929 on a lot size of 0.1453.

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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Multi-Family Active

Price

$ 1,199,900

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1453

Year Built

1929

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

DW26202192

Days on Market

16

Features
General
Sewer Public Sewer
Cooling None
Utilities Natural Gas Connected Sewer Connected Water Connected
Roof Flat Flat Tile Mixed
Garage Spaces 2
Architectural Style Spanish
Pool Features None
Security Features Closed Circuit Camera(s)
Construction Materials Stucco
Year Built 1929
Tenant Pays Electricity Gas
View None
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 1000
Community Features Sidewalks
County Los Angeles
Net Operating Income 61541
Operating Expense 22975
Insurance Expense 1675
New Construction false
Property Type Residential Income
Contingency One unit (2BD/1BA) and 2 (1 car) garages to be delivered vacant. Seller to possibly execute a 1031 exchange. Buyer to cooperate. Seller requests a minimum of 10 days on market before reviewing offers. Early offers will be held until then.
Garage Y/N true
Other Structures Second Garage
Special Listing Conditions Standard
Status Active
Directions East of Crenshaw Blvd; West of Arlington Ave. South of Leimert Blvd; North of Vernon Ave
City Los Angeles
Disclosures Rent Control
Entry Location front
Senior Community Y/N false
Number Of Units Total 6
MLS Area PHHT - Park Hills Heights
Lot Size Units Square Feet
Lot Size Square Feet 6328
Carport Spaces 2
Carport Y/N true
Number of Units Leased 5
Listing Terms 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1200
Fuel Expense 0
Trash Expense 3900
Water Sewer Expense 6300
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 402
Total Actual Rent 7043
Property Sub Type Additional Apartment
Expected Active Date 2026-09-28
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Interior
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Fencing Chain Link Wrought Iron
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 4
Lot Size Area 6328
Foundation Details Raised
Number of Buildings 1
Building Area Total 4936
Lot Size Acres 0.1453
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
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* Excluded Features
List By
Carlos Munoz

Listing Agent

Century 21 A Better Service

Broker

servingla@outlook.com

Email

Affordability Calculator

$8,287
Per Month
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Monthly Principal & Interest
$8,287
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/25/2026$1,199,900 Listed Price

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4237 8th Avenue, Los Angeles, CA, 90008 is a Multi-Family Home for sale at $1,199,900 with 4,936 sqft and a lot size of 0.1453. 4237 8th Avenue has 1.0 baths and was built in 1929. The property's zip code is 90008 which is in Los Angeles, CA