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$ 1,650,000
Est. payment /mo
Pending
4164 Leimert BLVD Los Angeles, CA 90008
8 Beds
8 Baths
5,908 SqFt
UPDATED:
02/24/2025 07:56 PM
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
HOA Y/N No
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
Fireplace No
Appliance Disposal, Refrigerator
Exterior
Parking Features None
View Y/N No
View None
Building
Faces North
Story 2
Entry Level Two
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5023006021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Listed by Jerome McAlpin • McAlpin & Company