$1,650,000
- Beds
- 8
- sq ft
- 5,908
4164 Leimert Blvd, Los Angeles, CA 90008
4164 Leimert Blvd
Los Angeles, CA 90008
- 68 days on market
- Price drop $100,000↓
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.
Details
Property type
Lot size
5,281 sq ft
Price per sq ft
$280
Year built
1933
HOA
No
Price History
02/04/2025
CLAW #24472681
Price change
$1,650,000
-5.71%
12/16/2024
CLAW #24472681
Listed
$1,750,000
Schools & Community
Neighborhood:
Leimert Park
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 02/22/2025 at 11:35 AM
Listing updated: 02/04/2025 at 11:25 AM
Listed by: Jerome McAlpin, McAlpin & Company Phone #: (310) 437-4172
MLS: CLAW #24472681
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