This Leimert Park 4-plex is a solid investment with stable tenants & healthy upside on rental income. The building is also poised for steady appreciation perched on the Obama Blvd. corridor within walking distance of the Crenshaw/Expo METRO station, related area redevelopment and is further flanked by $1M+ single family homes in both the historic Jefferson Park & Leimert Park neighborhoods. Don’t miss this rare opportunity to purchase a competitively priced, well-maintained multifamily property for only $275,000 per unit & $361/SF in the heart of Los Angeles at an actual 4.5% Cap Rate with much higher returns as units turn over (i.e. pro forma – 8.35% Cap Rate & 10.07GRM). Owner expenses are low since units are separately metered for gas & electricity. Owner pays water, trash and gardening. Make offer subject to inspection.
Property Details
Price:
$1,100,000
MLS #:
25543991
Status:
Active
Baths:
0
Address:
2443 Obama Boulevard
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
May 27, 2025
State:
CA
ZIP:
90018
Lot Size:
4,479 sqft / 0.10 acres (approx)
Year Built:
1958
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Schools
Interior
Appliances
Refrigerator
Cooling
None
Flooring
Wood, Carpet
Heating
Wall Furnace
Exterior
Parking Features
Private
Parking Spots
4.00
Financial
Map
Community
- Address2443 Obama Boulevard Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
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2443 Obama Boulevard
Los Angeles, CA
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