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$1,695,000

Est. payment - /mo

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8 Beds

4 Baths

3,906 SqFt

Open Sat 10AM-2PM

8018 S New Hampshire AVE Los Angeles, CA 90044

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Megan Vernia

meganverniarealestate@gmail.com +1(425) 350-2089

Open House

Sat Dec 20, 10:00am - 2:00pm

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,906 sqft

Price per Sqft $433

MLS Listing ID 25628607

Bedrooms 8

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1937

Property Description

Turnkey, fully vacant, and beautifully remodeled Spanish Colonial Revival four-plex in the highly sought-after Vermont Knolls neighborhood. Each expansive two-bedroom residence spans nearly 1,000 square feet and has been thoughtfully upgraded throughout, featuring open-concept kitchens with stainless steel appliances and quartz countertops, modern bathrooms, in-unit laundry, tankless water heaters, wood flooring, generous closet space, and soaring nine-foot ceilings. Every unit includes its own private garage. The property is centered around a charming, gated courtyard with secure access and benefits from fully upgraded copper plumbing throughout. This is an ideal opportunity for an owner-occupant to live in one unit while renting the others, with projected rents of approximately $3,000 per unit per month - potentially offsetting the entire mortgage and operating expenses. Investors will also appreciate the additional upside through the ability to add up to four ADUs in the rear yard area, subject to approvals. The property also presents an excellent investment opportunity, as it can be leased immediately in its current condition and operate at an outstanding 6% cap rate. Located just one block from the brand-new Evermont Development, home to South LA Caf, a Metro transit plaza, and Seed LA STEM college preparatory school. The property is also conveniently situated minutes from SoFi Stadium, The Forum, SpaceX, USC, LAX, and Downtown Los Angeles.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAR3

Interior

Interior Features Ceiling Fan(s), Walk-In Closet(s)

Heating Heat Pump

Cooling Heat Pump

Flooring Laminate

Fireplaces Type Bath, Dining Room, Gas, Kitchen, Living Room, Outside

Fireplace Yes

Appliance Gas Oven, Refrigerator, Dryer

Exterior

Parking Features Controlled Entrance, Garage, Garage Door Opener, Private

Garage Spaces 4.0

Garage Description 4.0

View Y/N Yes

View Mountain(s)

Total Parking Spaces 4

Building

Lot Description Back Yard, Front Yard, Lawn

Faces West

Story 2

Entry Level Multi/Split

Sewer Other

Architectural Style Spanish

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 6033021007

Security Features Carbon Monoxide Detector(s)

Special Listing Condition Standard

Virtual Tour https://www.zillow.com/view-imx/e2e417b2-8c68-4a18-bf04-f2f4c61ac769?wl=true&setAttribution=mls&initialViewType=pano

Listed by Nathan Richards Nathan Richards

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Megan Vernia

Agent | RE.s.0191820

+1(425) 350-2089

8018 S New Hampshire AVE Los Angeles, CA 90044

Megan Vernia

Open House

Key Details

Location

Interior

Exterior

Building

Others

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8018 S New Hampshire AVE