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.
Property Details
Price:
$1,650,000
MLS #:
24472681
Status:
Pending
Baths:
0
Address:
4164 Leimert Boulevard
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Dec 16, 2024
State:
CA
ZIP:
90008
Lot Size:
5,281 sqft / 0.12 acres (approx)
Year Built:
1933
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Disposal, Refrigerator
Heating
Wall Furnace
Exterior
Parking Features
None
Parking Spots
0.00
Stories Total
2
View
None
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address4164 Leimert Boulevard Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90008
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Courtesy of McAlpin & Company. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.4164 Leimert Boulevard
Los Angeles, CA
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