4280 Leimert BLVD

Los Angeles,CA 90008

$ 1200000

4 Beds

8 Baths

4776 SqFt


Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,776 sqft

Price per Sqft $251

MLS Listing ID 25490115

Bedrooms 4

Year Built 1939

Lot Size 5,262 Sqft

Property Description

Huge Price Reduction!!! This is an Excellent Opportunity to Own a 8 Unit Building in the Highly Sought After Leimert Park!!! Four of the Eight units are 1 Bedroom, 1 Bath. Four are Single/Studio/Bachelor Units. This is an income producing property that has the potential to have a 8.8 Cap Rate based on Market Rents. It also has potential to have a 10.4 Gross Rent Multiplier. The Single/Studio units have been remodeled throughout. Plumbing and Electrical have been upgraded, New Sewer Line too! This property has a zero vacancy rate! The Leimert Park area is undergoing massive revitalization. In close proximity to the New Metro Train Line, Baldwin Hills Mall, Downtown Los Angeles and the New Inglewood Rams Stadium! This is opportunity galore, don't wait!!!

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Exterior

Parking Features Carport

Community Features Gated

Building

Sewer Other

New Construction No

Others

Special Listing Condition Standard

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