Description
This Leimert Park 4-plex is a solid investment with stable tenants & healthy upside on rental income. The building is also poised for steady appreciation perched on the Obama Blvd. corridor within walking distance of the Crenshaw/Expo METRO station, related area redevelopment and is further flanked by $1M+ single family homes in both the historic Jefferson Park & Leimert Park neighborhoods. Don't miss this rare opportunity to purchase a competitively priced, well-maintained multifamily property for only $275,000 per unit & $361/SF in the heart of Los Angeles at an actual 4.5% Cap Rate with much higher returns as units turn over (i.e. pro forma - 8.35% Cap Rate & 10.07GRM). Owner expenses are low since units are separately metered for gas & electricity. Owner pays water, trash and gardening. Make offer subject to inspection.
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6BEDS
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0.1ACRES
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4BATHS
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01/2 BATHS
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3,046SQFT
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$361$/SQFT
School Ratings & Info
Description
This Leimert Park 4-plex is a solid investment with stable tenants & healthy upside on rental income. The building is also poised for steady appreciation perched on the Obama Blvd. corridor within walking distance of the Crenshaw/Expo METRO station, related area redevelopment and is further flanked by $1M+ single family homes in both the historic Jefferson Park & Leimert Park neighborhoods. Don't miss this rare opportunity to purchase a competitively priced, well-maintained multifamily property for only $275,000 per unit & $361/SF in the heart of Los Angeles at an actual 4.5% Cap Rate with much higher returns as units turn over (i.e. pro forma - 8.35% Cap Rate & 10.07GRM). Owner expenses are low since units are separately metered for gas & electricity. Owner pays water, trash and gardening. Make offer subject to inspection.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-22T16:43:07.22. 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.