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.
For sale
Listed by: Century 21 A Better Service • Carlos Munoz • Contact: 562-842-6557
$1,199,900
4237 8th Ave, Los Angeles, CA 90008
8beds
6baths
4,936sqft
Multi Family
Built in 1929
-- sqft lot
$-- Zestimate®
$243/sqft
$-- HOA
What's special
- 4 days
- 119
- 12
Zillow last checked:
Listing updated:
Listed by:
Carlos Munoz DRE #01408987 562-842-6557,
Century 21 A Better Service
Source: CRMLS,MLS#: DW26202192
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,936
- Total interior livable area: 4,936 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage, Carport
- Garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: front
- Pool features: None
- Fencing: Chain Link,Wrought Iron
Lot
- Size: 6,328 Square Feet
- Features: 0-1 Unit/Acre
Details
- Additional structures: Second Garage
- Parcel number: 5023014005
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Spanish
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Raised
- Roof: Flat,Flat Tile,Mixed
Condition
- New construction: No
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Sidewalks
- Security: Closed Circuit Camera(s)
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $243/sqft
- Date on market: 9/28/2026
- Listing terms: 1031 Exchange
- Total actual rent: 7043
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Listed for sale | $1,199,900$243/sqft |
Source:  CRMLS #DW26202192 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Leimert Park
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