4906 August Street, Los Angeles, CA 90008
  • MLS#: 26633967 ( )
  • Street Address: 4906 August Street
  • Viewed: 4
  • Price: $4,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90008
  • Provided by: Marcus & Millichap
  • Contact:
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present 4906 August Street in Los Angeles, CA, a 26 unit apartment building offering strong in place income and value add opportunity. The property features a unit mix of six studios, eighteen one bedroom units, and two two bedroom units. With 18 on site parking spaces and three vacant units ready for repositioning, the asset allows for immediate income growth alongside stable cash flow. Recent capital improvements include a new roof (2021), soft story seismic retrofit (2021), plumbing upgrades (2017), and new water heaters (2023),delivering a solid operational foundation. Located in the highly desirable Baldwin Village / South Los Angeles submarket near the Crenshaw Corridor and Leimert Park, the property benefits from ongoing redevelopment, transit access, and strong renter demand making it an ideal acquisition for investors seeking long term appreciation in a growing market. For more information, please reach out.
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Features
Appliances
  1. Disposal
  2. Refrigerator
Building Area Total
  1. 17179.00
Cooling
  1. None
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Two
Netoperatingincome
  1. 266872.00
Parcel Number
  1. 5030005023
Parking Features
  1. Gated
  2. Garage
Sourcesystemkey
  1. 26633967:CLAW
Totalexpenses
  1. 159157.00
Year Built
  1. 1958
Zoning
  1. LAR3