4906 August St - Apartments FOR SALE


Los Angeles, CA 90008- Crenshaw
$4,200,000 USD
707-225-2402
4906 August St, Los Angeles, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/9
null | 6.35% Cap Rate

4906 August St
Los Angeles, CA 90008
Crenshaw


HIGHLIGHTS

  • Strong In-Place Income
  • 18 Parking Spaces
  • Near Crenshaw Corridor and Leimert Park
  • Value-Add Opportunity

OVERVIEW

We are pleased to present 4906 August Street in Los Angeles, CA, a 26-unit apartment building offering strong in-place income and value-add opportunity. The property features a unit mix of six studios, eighteen one-bedroom units, and two two-bedroom units. With 18 on-site parking spaces and three vacant units ready for repositioning, the asset allows for immediate income growth alongside stable cash flow. Recent capital improvements include a new roof (2021), soft-story seismic retrofit (2021), plumbing upgrades (2017), and new water heaters (2023), delivering a solid operational foundation. Located in the highly desirable Baldwin Village / South Los Angeles submarket near the Crenshaw Corridor and Leimert Park, the property benefits from ongoing redevelopment, transit access, and strong renter demand—making it an ideal acquisition for investors seeking long-term appreciation in a growing market. For more information, please reach out.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

26

PRICE/UNIT

$161,538

CAP RATE

6.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,771 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5030-005-023

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.