Discover this well-maintained 4-unit apartment building situated in one of Los Angeles’ strong rental markets. Spanning approximately 4,540 sq.ft. across two stories, the property offers four oversized 1-bedroom, 1-bath units each around 1,130 sq.ft. providing significantly more living space than typical one-bedroom units in the area. Three of the four units have been tastefully renovated and are in excellent condition. The owner-occupied ground-floor unit will be delivered vacant at closing, allowing flexibility for an owner-user or added rental income. The current rental income from the three occupied units totals $5,570/month, with market rent projections of approximately $2,200/month per unit. At full occupancy, the estimated gross monthly income is $7,770 delivering a solid 5.23% CAP Rate. Located in a highly desirable and rentable neighborhood, the property benefits from strong tenant demand and minimal vacancy. A gated parking lot adds both security and convenience, enhancing tenant appeal and supporting stable rental performance.With spacious interiors, secure parking, and immediate income potential, this property is ideal for investors seeking reliable cash flow, long-term appreciation, and minimal management hassle. Don’t miss out on this clean, stabilized 4-unit with upside potential and dependable returns.
Property Details
Price:
$1,250,000
MLS #:
25541981
Status:
Active Under Contract
Baths:
0
Address:
2030 S 8th Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
May 21, 2025
State:
CA
ZIP:
90018
Lot Size:
7,502 sqft / 0.17 acres (approx)
Year Built:
1913
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Schools
Interior
Appliances
Dishwasher, Disposal, Refrigerator
Fireplace Features
None
Heating
Wall Furnace
Exterior
Parking Features
Assigned, Gated
Parking Spots
4.00
Security Features
Gated Community, Smoke Detector(s)
Stories Total
2
Financial
Tenant Pays
Electricity, Trash Collection
Map
Community
- Address2030 S 8th Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
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2030 S 8th Avenue
Los Angeles, CA
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