4020 Stevely Ave, Los Angeles, CA 90008
4020 Stevely Ave, Los Angeles, CA 90008
4020 Stevely Ave, Los Angeles, CA 90008
4020 Stevely Ave, Los Angeles, CA 90008
4020 Stevely Ave, Los Angeles, CA 90008
4020 Stevely Ave, Los Angeles, CA 90008
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Shantrece's Assistant

Shantrece's Assistant

+1(904) 846-3855
$ 2,699,000
Est. payment | /mo

22 Beds

19 Baths

8,746 SqFt

Save
$ 2,699,000
Est. payment | /mo
Save

22 Beds

19 Baths

8,746 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,746 sqft

Price per Sqft $308

MLS Listing ID 26993797

Bedrooms 22

Year Built 1959

Lot Size 8,103 Sqft

Acres 0.186

Property Sub-Type Multi-Family

Property Description

PRICED TO SELL - 9.3 GRM and 6.6% CAP against in place rents with upside to an 8.2 GRM and 8.0% CAP. 12 units in Los Angeles subject to City of LA Rent Control (RSO). 10 of 12 units have been heavily updated with new kitchens, baths, flooring, etc. Only units 4 & 12 remain to be updated. The electrical and plumbing for those 10 units have been updated as well - Buyer to verify. Previous owner spent over $700K on rehab. The parking has also received the City of LA mandatory retrofit. The property features 17 onsite parking spaces (6 tandem spaces and 5 single spaces) which is a huge value add for this apartment dense location with impacted parking. The property has an excellent unit mix of 1, 2 and 3 bedroom units and an onsite laundry room. Section 8 is a big housing provider in this area and will pay up to $2,490 per month for a 2 bedroom unit. There is a ton of redevelopment within 1 mile of the property. The Baldwin Hills Crenshaw Plaza and 5035 Coliseum Street mixed-use projects are in development, representing an estimated $1.5 billion in investment. These developments will deliver nearly 1,800 new residential units, a Costco, a 400-room hotel, expanded retail, office space, restaurants, and new public gathering areas, fundamentally reshaping the Baldwin Hills/Crenshaw corridor. Excellent lender financing available for qualified Buyers - 30% down, 6.1% fixed for 5 years, Interest Only.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Assigned

Garage Spaces 17.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Agency

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4020 Stevely Ave