$1,400,000
4017 Gelber Place, Los Angeles CA 90008
Multi-Family (8 Units)
Property type
85 days
On market
$200
Price per sqft
0 cars
Garage
1956
Year built
8,439 sqft
Lot size
Home highlights
Open Houses
Overview
Great opportunity to own an 8-unit property in Baldwin Hills with a 5% cap rate! The building sits on a 8,439 square-foot lot and features a balanced unit mix of four 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units. Each unit includes carport parking, offering added convenience for tenants. This property presents a solid opportunity for investors seeking...
Listing provided by: Sophia De La Vara DRE #01127097 562-755-9650, Keller Williams, Alora De La Vara DRE #02126297, Keller Williams
Listing updated: Apr 3, 2026 at 08:11pm.
Last checked: Jun 5, 2026 at 07:01pm
Source: CRMLS #TR26046412
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $1,300 | $1,300 | $1,300 | Unfurnished |
| 1 | 1 | 1 | — | $1,664 | $1,664 | $1,664 | Unfurnished |
| 1 | 2 | 1 | — | $1,310 | $1,310 | $1,310 | Unfurnished |
| 1 | 1 | 1 | — | $989 | $989 | $989 | Unfurnished |
| 1 | 2 | 1 | — | $1,352 | $1,352 | $1,352 | Unfurnished |
| 1 | 1 | 1 | — | $1,664 | $1,664 | $1,664 | Unfurnished |
| 1 | 2 | 1 | — | $1,352 | $1,352 | $1,352 | Unfurnished |
| 1 | 1 | 0 | — | $1,010 | $1,010 | $1,010 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Carpet: 8
Rent Control: Yes
Units Leased: 7
Total Actual Rent: $10,641
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
11.0x
List Price / Annual Gross Rent
Cap Rate
5%
NOI / List Price
Gross Scheduled Income: $127,692
Vacancy Allowance Rate: 3%
Operating Expense: $57,066
Net Operating Income: $66,795
Annual Operating Expenses
Gardener: $1,080
Insurance: $5,810
Maintenance: $4,500
New Taxes: $17,500
Professional Management: $5,607
Trash: $5,431
Water / Sewer: $0
Other Expense: $7,138
Interior
Interior Features: Unfurnished
Flooring: Carpet, Tile
Cooling: Wall Window Units
Heating: Wall Furnace
Fireplace: None
Laundry: None
Accessibility: Parking
Entry Location: Level One
Exterior
Property Attached: Yes
Stories Total: 2
Roof: Composition
Foundation: Slab
Window Features: Insulated Windows
Construction Materials: Drywall, Stucco
Property Condition: Repairs Cosmetic, Updated Remodeled
Common Walls: Two Common Walls Or More
Security Features: Gated Community, Window Bars
Lot Features: Zero To One Unit Acre
Pool: None
Spa: None
Fencing: Security
Sewer: Public Sewer
Electric: Standard
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: None
Garage and Parking
Parking: Carport
Garage Spaces: 0
Carport Spaces: 6
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5030018004
Additional Parcels: No
Tax Lot: 82
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks, Gated
Nearby Schools
Nearby schools around the 4017 Gelber Place, Los Angeles, CA 90008. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,120,000
Total Interest
$1,428,498
Total Payment
$2,548,498
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$8,687
per month
Property History for 4017 Gelber Place
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90008.
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