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Property

Los Angeles, CA 90018 2030 S 8th Avenue

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Presented By: 'Amy'Mi Soon Kim with Hanbada Realty Inc.;
  • MLS# 25541981
  • 05/21/2025
  • Request Tour
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  • Beds • 4
  • Baths • 4
  • SQFT • 4,540
  • Year Built • 1913

Home Details

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.
Presented By: 'Amy'Mi Soon Kim with Hanbada Realty Inc.;

Interior Features for 2030 S 8th Avenue

Bedrooms

Total Bedrooms4

Bathrooms

Half Baths0
Total Baths4
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Total Stories2

General for 2030 S 8th Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate5.23
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
DirectionsNE corner of 21st & 8th, just south of W. Washington Blvd.
Electric Expense768.0
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income93240.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense4500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7502.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense1800.0
MobileHomeRemainsYNNo
Net Operating Income65417.0
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Taxes$14,875
Tenant PaysElectricity, TrashCollection
Trash Expense288.0
Water Sewer Expense4692.0
Year Built1913
ZoningLARD2

Exterior for 2030 S 8th Avenue

Building Area Total4540.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1722
Lot Size Area7502.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Gated
Private PoolNo
SpaNo
Total Parking4.0
WaterfrontY/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $1,250,000
MLS#25541981
List Date 05/21/2025
Property Type Multi-Family
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