$1,088,000

4249 8th Avenue

Los Angeles CA, 90008

Description

Beautiful Fourplex in the desirable area of Leimert Park. Located on a quiet tree lined street. Each unit has a large 1 bedroom1 bath, Large bedroom has a built in closet and drawers, and a formal dining area, all the units feature beautiful original hardwood floors. Eating nook in each kitchen. Detached four garages plus more parking spaces available. These pride of ownership units are priced to sell. HUGE upside potential on this 4-unit building located in the coveted Leimert Park neighborhood! This well cared for income property is centrally located in an area with an unprecedented amount of development contemplated and in process (i.e. the METRO, redevelopment of the Baldwin Hills Crenshaw Plaza, District Square and thousands of luxury condo & apartment units). Higher income is attainable immediately (as occupied units turn over) one unit vacant, but there will also be material equity upside as new developments are completed and the area appreciation out paces most other Los Angeles neighborhoods. Take advantage of this unique investment opportunity and make your offer subject to inspection.

Details

MLS#PW21024058
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1949
Days On Site25

Features

SQ Feet3,136
Units4
Building(s)1
Water FrontNo
Property ViewNo
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Area Information
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90008
AreaPHHT - Park Hills Heights
Listing VS Median (in 90008)
Price:
$1,088,000
low | high
Med:
$887,000
68.474264705882% of Average
SqFt:
3,136
low | high
Med:
2,447
71.970663265306% of Average
$ / SqFt:
$347
low | high
Med:
$372
42.869864835262% of Average
On Site:
25
low | high
Med:
134
18.65671641791% of Average
Sourced by Back At You
Listing Updated: February 9, 2021 5:49:48 PM PST
Miki Singer LogoMLS Number: PW21024058
Listing Provided By:
Miki Singer  of  Coldwell Banker Coastal Alliance
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.