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6019 8Th Ave, Los Angeles, CA 90043
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6019 8Th Ave Los Angeles, CA 90043

$1,725,000 Sold Price as of 04/01/2022
  • 14 Beds
  • 9 Baths
  • 5,660 Sq.Ft.
Sold
$1,725,000 Sold Price as of 04/01/2022 Refinance Your Mortgage
Map preview of 6019 8Th Ave, Los Angeles, CA 90043

Property Overview: 6019 8Th Ave Los Angeles, CA has 14 bedrooms, 9 bathrooms, 5,660 living square feet and 7,066 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 6019 8th Avenue is a 6-unit property located in the rapidly improving area of South Los Angeles. The property consists of three 2+1's, two 3+2's, and one 2+2. Five of the six units have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property is fully parked and is individually metered for gas and electricity. There is also on-site laundry with owned machines for extra income. 6019 8th Avenue is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 2.8 miles from the brand new SoFi Stadium development, 4 miles from the LA Memorial Coliseum and University of Southern California campus, and 3.9 miles from the Kenneth Hahn State Recreation Area. Tenants with young children will enjoy walking them to either 59th Street Elementary School or Hyde Park Elementary School. The property is also a short 5 minute drive to the Van Ness Recreation Center and a variety of dining and shopping options. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside.

Listed by Jordan Peikin | BRE #02015987 | Clement Partners Real Estate
Co-listed by Nathan Richards | BRE #01748598 | Nathan Richards
Last checked: 3 minutes ago | Last updated: April 2nd, 2022 | Source CRMLS | DOM: 140

Home details

Lot Sq. Ft
7,066
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21761706
City
Los Angeles
County
Los Angeles
Time on Site
1037 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,777
  • Total Rent: $1,777
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,116
  • Total Rent: $1,116
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,877
  • Total Rent: $1,877
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,302
  • Total Rent: $2,302
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,775
  • Total Rent: $1,775
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.89
  • Gross Scheduled Income: --
  • Net Operating Income: $87,506
  • Gross Operating Income: $126,231
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6019 8Th Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Community, Individual Room
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Carport, Covered, Uncovered, Private
Property Information
  • Total # of Units: 6
  • Parcel Number: 4006001013
Location / Neighborhood
Location Information
  • Directions: North of Hyde Park Blvd, South Slauson Ave, East Crenshaw Blvd, West of Van Ness Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 6019 8Th Ave

Last sold for $1,725,000 on April 1st, 2022

  • July, 2021

  • Jul 16, 2021

    Date

    Active

    CRMLS: 21761706

    $1,849,000

    Price

  • April, 2019

  • Apr 23, 2019

    Date

    Expired

    CRMLS: 19426424

    $1,600,000

    Price

  • Mar 25, 2019

    Date

    Withdrawn

    CRMLS: 19426424

    $1,600,000

    Price

  • Jan 23, 2019

    Date

    Active

    CRMLS: 19426424

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    Centrally located in the Dorset Village area of Los Angeles. The 6-Unit building spans 5,660 square feet and is situated on a 7,066 square foot lot. The building consists of one 3-Bed/2-Bath, one 2-Bed/2-Bath, four 2-Bed/1-Bath & 9 parking spaces. Each unit is individually metered for gas and electricity. Newly remodeled units include updated kitchens with stainless steel appliances, updated bathrooms, & bright, spacious living and bedrooms. Located within close proximity to the upcoming Crenshaw/LAX Metro line, 0.5mi from future Hyde Park Station. The building is within blocks of the Baldwin Hills Crenshaw Shopping Plaza which is currently undergoing a $700M renovation. The property is less than 4 miles from the upcoming L.A. Stadium and Entertainment District at Hollywood Park Redevelopment. This property is a great value with excellent market appreciation in a rapidly developing neighborhood. Brokers and agents see private remarks for showing info.

  • April, 2018

  • Apr 9, 2018

    Date

    Sold

    CRMLS: 18299860

    $1,075,000

    Price

  • Feb 1, 2018

    Date

    Active Under Contract

    CRMLS: 18299860

    $1,150,000

    Price

  • Jan 4, 2018

    Date

    Active

    CRMLS: 18299860

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Outstanding investment opportunity in the Park Mesa Heights area of Los Angeles. This 6-Unit property consists of one (1) building spanning over 5,660 square feet of building space, sitting on a 7,066 square foot lot. The outstanding unit mix features four (4) 2-Bed / 1-Bath, one (1) 2-Bed / 1.5 Bath, and one (1) 3-Bed / 2-Bath. There are 6 carport parking spaces and the building is individually metered for gas and electricity. The asset is situated just blocks from the Baldwin Hills Crenshaw Shopping Plaza which is currently undergoing a $700M renovation. Additionally, the property is less than 4 miles from the $3 Billion L.A. Rams Stadium and Entertainment District At Hollywood Park Redevelopment. With the current rents over 30% below market value, this makes for an excellent opportunity for an investor to purchase a prime LA asset, take advantage of an area experiencing tremendous growth, and increase income!

  • March, 2018

  • Mar 30, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,075,000

    Price

  • December, 2017

  • Dec 26, 2017

    Date

    Expired

    CRMLS: 17276412

    $1,150,000

    Price

  • Dec 11, 2017

    Date

    Price Change

    CRMLS: 17276412

    $1,150,000

    Price

  • Dec 6, 2017

    Date

    Hold

    CRMLS: 17276412

    $1,190,000

    Price

  • Nov 13, 2017

    Date

    Price Change

    CRMLS: 17276412

    $1,190,000

    Price

  • Nov 7, 2017

    Date

    Hold

    CRMLS: 17276412

    --

    Price

  • Oct 19, 2017

    Date

    Active

    CRMLS: 17276412

    --

    Price

  • Oct 16, 2017

    Date

    Hold

    CRMLS: 17276412

    --

    Price

  • Oct 12, 2017

    Date

    Active

    CRMLS: 17276412

    --

    Price

  • Oct 2, 2017

    Date

    Hold

    CRMLS: 17276412

    --

    Price

  • Listing provided courtesy of CRMLS

  • February, 2005

  • Feb 11, 2005

    Date

    Sold (Public Records)

    Public Records

    $82,500

    Price

Show More

Tax History for 6019 8Th Ave

Assessed Value (2020): $1,118,729
Year Land Value Improved Value Assessed Value
2020 $783,421 $335,308 $1,118,729

Home Value Compared to the Market

This property vs the competition

6019 8Th Ave sold on April 1, 2022 for 49.16% higher 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 $313.6 per/sqft which puts the price per square foot 58.46% lower than the current median sale per square foot for the city of Los Angeles.

About 6019 8Th Ave

Detailed summary of property

6019 8Th Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 14 bedrooms, 9 bathrooms, roughly 5,660 living square feet, and sits on an approximately 7,066 square foot lot. 6019 8Th Ave was first listed on ArdentRealEstateGroup.com on July 16, 2021. The homeowner sold the property for $1,725,000. 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 49.16% higher than the current median priced home. Local homes that are currently for sale include 961 W 47th St, 3044 Edgehill Dr and 3913 S Budlong Ave. While the average home in Los Angeles, CA is selling in 92 days, 6019 8Th Ave has a days on market of 140 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 6019 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 6019 8Th Ave

Public county record property details
Beds
13
Baths
8
Year built
1962
Sq. Ft.
5,660
Lot Size
7,066
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6,7
APN
4006-001-013

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
$949,000
Median List Price/Sq.Ft.
$598
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
80
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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