4164 Leimert Blvd Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90008
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,908 sqft
Price per Sqft $296
MLS Listing ID 24-472681
Style Spanish
Bedrooms 8
Year Built 1933
Lot Size 5,281 Sqft
Acres 0.1212
Property Description
We are pleased to present this 8 Unit apartment complex for sale. 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 6,316 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 11.9 with a 5.05 CAP rate and the Market GRM is 8.29 with an 8.65 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