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4719 8th Ave, Los Angeles, CA 90043
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4719 8th Ave Los Angeles, CA 90043

$850,000 Sold Price as of 03/02/2020
  • 4 Beds
  • 4 Baths
  • 2,612 Sq.Ft.
Sold
$850,000 Sold Price as of 03/02/2020 Refinance Your Mortgage
Map preview of 4719 8th Ave, Los Angeles, CA 90043

Property Overview: 4719 8th Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,612 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing opportunity to own this 4 plex in the VERY HOT Leimert Park area. 4719 8th Ave has over 2,600 square feet of living space, situated on a huge 7000 square foot lot, may be possible to add an ADU or two. Located blocks from the brand new Leimert Park Metro Station it allows tenants to get around without the need for a car. Onsite parking is plentiful with room for all tenants. All units are individually metered for gas and electric.

Listed by Joshua Glaz | BRE #01856858 | Your Realty Inc.
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
DW20017964
City
Los Angeles
County
Los Angeles
Time on Site
1224 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $951
  • Total Rent: $951
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,255
  • Total Rent: $1,255
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,525
  • Total Rent: $1,525
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,180
  • Total Rent: $1,180
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $58,932
  • Net Operating Income: $58,932
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 4719 8th Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre, Landscaped, Lawn, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5014006024
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: north on crenshaw to 48th make a right left on 8th
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 4719 8th Ave

Last sold for $850,000 on March 2nd, 2020

  • March, 2020

  • Mar 2, 2020

    Date

    Sold

    CRMLS: DW20017964

    $850,000

    Price

  • Feb 12, 2020

    Date

    Pending

    CRMLS: DW20017964

    $850,000

    Price

  • Jan 26, 2020

    Date

    Active

    CRMLS: DW20017964

    $850,000

    Price

  • March, 2020

  • Mar 2, 2020

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

  • April, 2018

  • Apr 12, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2018

  • Feb 16, 2018

    Date

    Sold

    CRMLS: SB17247187

    $780,000

    Price

  • Jan 8, 2018

    Date

    Pending

    CRMLS: SB17247187

    $780,000

    Price

  • Dec 6, 2017

    Date

    Withdrawn

    CRMLS: SB17247187

    $780,000

    Price

  • Nov 30, 2017

    Date

    Active

    CRMLS: SB17247187

    $780,000

    Price

  • Nov 15, 2017

    Date

    Pending

    CRMLS: SB17247187

    $780,000

    Price

  • Oct 31, 2017

    Date

    Active

    CRMLS: SB17247187

    $780,000

    Price

  • Listing provided courtesy of CRMLS

    4719 8th Avenue is an outstanding investment opportunity. The property has over 2,600 square feet of rentable space and is located on a very large 7,000 square foot lot. This asset is located just blocks from the brand new Leimert Park metro station (currently under construction) affording tenants access to the entire city without a car. There is ample parking onsite with each tenant having two spaces. The units are individually metered for gas and electricity, and each has its own water heater - keeping utility costs low for the new owner. The property recently features attractive new landscaping and brand new exterior paint. Located in the dynamic and hot rental market of Leimert Park, tenants will be able to enjoy the a diverse collection of shops, cultural activities, restaurants and more.With a projected upside in rents of 38%, this property will be a great addition to any investor's portfolio, both seasoned and new investors alike.

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Tax History for 4719 8th Ave

Assessed Value (2020): $811,512
Year Land Value Improved Value Assessed Value
2020 $541,008 $270,504 $811,512

Home Value Compared to the Market

This property vs the competition

4719 8th Ave sold on March 2, 2020 for 28.57% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $325.42 per/sqft which puts the price per square foot 56.9% lower than the current median sale per square foot for the city of Los Angeles.

About 4719 8th Ave

Detailed summary of property

4719 8th Ave is a fourplex that recently sold in Los Angeles, CA 90043. This fourplex offered 4 bedrooms, 4 bathrooms, roughly 2,612 living square feet, and sits on an approximately 7,000 square foot lot. 4719 8th Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $850,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 28.57% lower than the current median priced home. Local homes that are currently for sale include 2150 W 62nd St, 6409 11th Ave and 6409 11th Ave. While the average home in Los Angeles, CA is selling in 93 days, 4719 8th Ave has a days on market of 7 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 4719 8th Ave Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4719 8th Ave

Public county record property details
Beds
4
Baths
4
Year built
1920
Sq. Ft.
2,612
Lot Size
7,000
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
63
APN
5014-006-024

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$965,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
86
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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