2551 8th Avenue

Los Angeles, CA 90018

$3,800,000
Price
—
Beds
11,218 Sq. Ft.
$339 / Sq. Ft.
11,218
Sq. Ft.
$339
per Sq. Ft.

Description

Investment opportunity in Mid City. Property features 14 units and with easy access to the 10 fwy.Investment opportunity in Mid City. Property features 14 units and with easy access to the 10 fwy.
  1. Listed by Johnna Furesh • DRE #02026465 • Brokerage DRE #02037316 • Renuvo Capital • johnna.furesh@renuvocapital.com

Property Details for 2551 8th Avenue

Total Units
13.0
Lot Size Source
Assessor
Building Area Total
11218
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
5059015004
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of Renuvo Capital, Johnna Furesh, DRE #02026465
Add your commute
LISTING UPDATED: 11/10/2023 01:28 AM

Property Details for 2551 8th Avenue

StatusActive
MLS #PW23191815
Days on Market202
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1955
Lot Size0.30 AC / 12,994 SF
CountyLos Angeles County

Location

Listing Courtesy of Renuvo Capital, Johnna Furesh, DRE #02026465
Add your commute

Building Information for 2551 8th Avenue

Stories2Residences-Year Built1955Building Size-Lot Size0.30 AC / 12,994 SF

Payment Calculator

$22,739 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,738

Property Taxes

$2,001

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2551 8th Avenue

Income / Expense / Tax Details
Expense Details
  • Expense Year: $2,022
  • Electric Expense: $1,081
  • Professional Management Expense: $10,200
  • Trash Expense: $6,150
  • Water Sewer Expense: $9,865
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 11-15 Units/Acre
  • Lease Considered: No
  • Water Source: Private
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,423
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,850
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,650
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,066
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,218
  • Unit Type Type: 13
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,695
  • Unit Type Type: 2
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $813
  • Unit Type Type: 3
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $0
  • Unit Type Type: 4
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,175
  • Unit Type Type: 5
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,000
  • Unit Type Type: 6
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,395
  • Unit Type Type: 7
Unit 12
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,100
  • Unit Type Type: 8
Unit 13
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,069
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 13
  • Number Of Buildings: 14

Property History for 2551 8th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2551 8th Avenue

Taxable ValueLand$1,050,808Additions$788,104Total$1,838,912
Tax Record2023$24,018 ($2,001 / month)
Home Facts
Total Finished SqFt11,218 SqFtAbove Grade Finished SqFt11,218 SqFtLot Size12,994 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLAR3CountyLOS ANGELESAPN5059-015-004

Schools near 2551 8th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Arlington Heights Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Math And Science College Preparatory
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2551 8th Avenue is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on October 13, 2023 by Renuvo Capital, it's currently listed at $3,800,000. It has been on the market for a total of 202 days and was last sold on July 1, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Arlington Heights Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 2551 8th Avenue is a 0-bed, 0-bath, 11,218 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Renuvo Capital, Johnna Furesh, DRE #02026465

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.