Los Angeles, CA 90008,4164 Leimert Blvd
$1,650,000
Est. payment /mo
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8 BD
8 BA
5,908 SqFt
Pending

4164 Leimert Blvd Los Angeles, CA 90008

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UPDATED:

02/24/2025 06:34 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 5,908 sqft

Price per Sqft $279

MLS Listing ID 24-472681

Style Spanish

Bedrooms 8

Year Built 1933

Lot Size 5,281 Sqft

Acres 0.1212

Property Sub-Type Multi-Family

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 Park Hills Heights

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Garbage Disposal, Refrigerator, Range/Oven

Exterior

Parking Features None

View Y/N No

View None

Building

Story 2

Architectural Style Spanish

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by McAlpin & Company

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agent

Evan Bellman

Agent | RE.S.182274.LLC

+1(702) 830-0895

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4164 Leimert Blvd