4200 6th, Los Angeles, California 90008, Los Angeles, 90008 - 0 bed, 0 bath
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Los Angeles, California 90008
This Classic 1929 Spanish 6-Unit Asset is a High-Potential Investment Opportunity listed at $1,595,000, closely aligning with its $1,589,460 Fair Market Value. The property maintains a Condition Rating of 3 with recent electrical upgrades, foundation bolting, and a roof recoat. Significant upside exists through a 23% organic rent growth and the potential to construct four detached ADUs, projecting a 8.18% stabilized yield on cost. This income-generating asset is a premier choice for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4200 6th Subject | $1,595,000* List Price | 0 | 0 | 5,278 | $301 | - |
A 4291 Garthwaite Active | $1,199,000 List Price | 0 | 0 | 4,920 | $244 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained 1929 Spanish-style multi-unit building that has undergone significant recent capital improvements, including electrical upgrades, foundation bolting, and a roof recoat. While it is a 'value-add' opportunity, two units are fully remodeled with modern kitchens featuring stainless steel appliances, updated bathrooms, refinished hardwood floors, and new mini-split HVAC systems, meeting the criteria for move-in ready condition with major systems within their functional lifespan.
The property offers a 23% mark-to-market rent upside and the potential to add up to four detached ADUs, which could increase income by 87% and provide a stabilized 8.18% yield on cost.
Major recent upgrades include electrical systems, foundation bolting, exterior paint, and a roof recoat, alongside two fully remodeled units featuring modern finishes and mini-split HVAC systems.
This classic 1929 Spanish-style 6-unit building features a strong mix of four 2-bedroom and two 1-bedroom units on a large corner lot, offering high rental demand and architectural charm.
The assigned public schools for this address have consistently low ratings, mostly 2 out of 10, which may deter long-term family tenants and impact future resale value.
Realizing the projected rent growth is dependent on organic unit turnover, which can be a slow and legally complex process under Los Angeles rent control regulations.
Classic 1929 Spanish 6-unit in Leimert Park on a large corner lot with major value-add + ADU upside. Strong unit mix: (4) 2BD/1BA + (2) 1BD/1BA with courtyard charm and on-site parking/garages. ~23% mark-to-market upside through organic rent growth as units turn. Potential to add up to four (4) detached ADUs (Buyer to Verify), increasing income by 87% and a stabilized 8.18% yield on cost. Recent improvements include electrical upgrades, foundation bolting/reinforcement, exterior paint, roof recoat, and two remodeled units (refinished hardwood floors, paint, updated bath/shower, appliances, ceiling fans, mini-splits).
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1929 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Feb 27, 2026
$1,595,000
Initial Listing
Aug 24, 2021
$1,627,000
Public Record
Mar 17, 2017
$1,300,000
Public Record