4164 Leimert Boulevard
Los Angeles, CA 90008
$100,000.00 (-5.71%)
Active for $1,650,000
Beds: 8 Baths: 8 Structure Size: 5,908 sqft Lot Size: 5,281 sqft
| MLS | 24472681 |
| Year Built | 1933 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $1,650,000 |
| Structure Size | 5,908 sqft |
| Lot Size | 5,281 sqft |
| Beds | 8 |
| Baths | 8 |
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.
Listing information courtesy of: Jerome McAlpin, McAlpin & Company 310-437-4172. *Based on information from the Association of REALTORS/Multiple Listing as of 02/13/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Susan Gasparyan
REALTOR®
Direct: 818.425.3540
Email: Email Me
DRE: 01480520
DRE #01873088
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