4164 Leimert BLVD Pending

Los Angeles,CA 90008

$ 1650000

8 Beds

8 Baths

5908 SqFt


Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 5,908 sqft

Price per Sqft $279

MLS Listing ID 24472681

Bedrooms 8

Year Built 1933

Lot Size 5,279 Sqft

Property Description

We are pleased to announce a price improvement on this 8 Unit investment opportunity. It is located in Leimert Park, a popular submarket in Los Angeles. The building consists of all one bedroom - one bath units and contains 5,908 square feet. It is situated on a 5,281 square foot lot, which is zoned LAR3. The investment is currently producing $12,198 per month and there is still plenty of upside in the rents. The GRM is 11.2 with a 5.43 CAP rate and the Market GRM is 7.82 with a 9.18 Market CAP. The complex was built in 1933, with wood-frame, stucco construction and beautiful Spanish architecture. This is an excellent opportunity to invest in a highly sought after location with lots of potential. Please make all offers subject to inspection.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR3

Interior

Heating Wall Furnace

Exterior

Parking Features None

View Y/N No

View None

Building

Story 2

New Construction No

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Standard

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