4906 August St Los Angeles, CA 90008

Listing agency South Bay Office j***@marcusmillichap.com Show Phone

Listed by Jonathan Weir · License #CA: 02038545 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 21 at 12:53PM Checked: Jul 21 at 12:53PM

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Investment Insights

Based on property information with market context.

This 26-unit apartment building features a unit mix of six studios, eighteen one-bedroom units, and two two-bedroom units. The property includes 18 on-site parking spaces. Three units are currently vacant and ready for repositioning.

Recent capital improvements include a new roof installed in 2021, a soft-story seismic retrofit completed in 2021, plumbing upgrades in 2017, and new water heaters in 2023. The building presents an established operational base for an investor looking to manage current income and value enhancement.

Located in the Baldwin Village/South Los Angeles submarket near the Crenshaw Corridor and Leimert Park, the property is positioned within an area described as experiencing ongoing redevelopment, with access to transit and strong renter demand.

Key Highlights

• 26‑unit apartment building with a unit mix of six studios, eighteen 1‑bedroom units, and two 2‑bedroom units
• Three vacant units available for repositioning to support immediate income growth
• 18 on‑site parking spaces for residents

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FAQs

What type of property is this?

Apartment building - Twenty-six-unit multifamily property with studio, one-bedroom, and two-bedroom units plus on-site parking.

Where is this apartment building located?

The property is located at 4906 August St Los Angeles, CA.

What is the asking price?

The asking price for this property is $3,995,000.

What are key features of this property?

This property features: 26‑unit apartment building with a unit mix of six studios, eighteen 1‑bedroom units, and two 2‑bedroom units; Three vacant units available for repositioning to support immediate income growth; 18 on‑site parking spaces for residents