
Los Angeles, California 90043
This 8-unit multi-family property represents a High-Potential Investment Opportunity, listed at a List Price of $1,639,900, which aligns with the $1,639,900 Fair Market Value. Featuring a Condition Rating of 2, the asset includes a mix of renovated units and a newly-built bungalow, ensuring immediate rental demand. With over $16,200 in monthly income and on-site laundry, this is a stable, cash-flowing Asset for Buy-and-Hold Investors or Portfolio Managers seeking a low-maintenance, income-generating property in the developing Park Hills Heights neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6821 11th Ave. Subject 0 bd · 0 ba · 5,580 sqft · $287 | $1,599,900* List Price | 0 | 0 | 5,580 | $287 | - |
A 3201 W Florence Active 0 bd · 0 ba · 3,467 sqft · $361 · 0.1 mi | $1,250,000 List Price | 0 | 0 | 3,467 | $361 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone significant recent renovations with the majority of units updated in the past few years and includes a newly-built bungalow. Interior images show modern kitchens with stainless steel appliances, quartz countertops, and updated flooring, placing it in the <5y renovation category.
High School: Middle College High School (9/10).
The property generates over $16,100 in monthly rental income, offering a strong gross rent multiplier and immediate cash flow for investors in the developing Park Hills Heights area.
Featuring a mix of renovated 1 and 2-bedroom units plus a newly-built 3-bedroom/2-bath bungalow, the property provides modern living options that cater to various tenant needs.
The surrounding public schools are rated very low (mostly 1s and 2s), which may deter families and potentially limit long-term appreciation compared to areas with higher-performing districts.
While units have been renovated, the main building dates back to 1958, which may necessitate higher long-term maintenance costs for aging plumbing, electrical, or structural systems.
Over $16,200 in monthly rental income!!!! You won't find a building nicer than this one, at this price, with this type of rental income. Take a look at this beautiful 8-unit investment property, now available in the up-and-coming Park Hills Heights neighborhood of Los Angeles. This property is comprised of 2 separate buildings. The main building consists of 7 different units (mix of 1 and 2 bedrooms), plus there's an additional newly-built 3-bedroom/2-bath bungalow located in the back of the property. Each unit has their own assigned gated parking space. Separate laundry room on-site creates additional monthly income. The majority of the units have been renovated over the past several years. Property is gated with a nicely-manicured front yard and great curb appeal. Very low maintenance and very friendly/cooperative tenants. Total monthly utility costs are approximately $1,400.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 5,580 | 4,165.789 |
| Lot Size | 8,500 | 6,696 |
| Price | $1.60M | $956.9K |
| Price per sq ft | $287 | $273 |
| Built year | 1958 | 1937 |
| HOA | $0 | $907 |
| Days on market | 143 | 134 |
Oct 1, 2026
$1,599,900
$1,639,900
-2% Price Drop
Initial Listing
Sep 17, 2026
$1,639,900
$1,649,900
-1% Price Drop
Initial Listing
Sep 1, 2026
$1,649,900
$1,689,900
-2% Price Drop
Initial Listing
Aug 24, 2026
$1,689,900
$1,699,900
-1% Price Drop
Initial Listing
Jun 19, 2026
$1,699,900
Initial Listing
Jun 11, 2025
$1,670,000
Public Record
Nov 3, 2015
$985,000
Public Record
Aug 28, 2014
$825,008
Public Record
Sep 19, 2002
$437,500
Public Record