4089 Leimert Blvd, Los Angeles, CA 90008
- $1,895,000
- 8
- BD
- 8
- BA
- 5,134
- SqFt
- List Price
- $1,895,000
- Price Change
- ▼ $100,000 1781223681
- MLS#
- 26756773
- Year Built
- 1940
- Bedrooms
- 8
- Bathrooms
- 8
- Living Sq. Ft
- 5,134
- Lot Size
- 6,188
- Days on Market
- 157
- Property Type
- Multifamily
- Stories
- 2
Property Description
Well-maintained 8-unit multifamily property in the heart of Leimert Park, one of LA's most vibrant and evolving neighborhoods. The property offers a strong 6.5% cap rate with solid in-place income and clear upside potential. The property features five renovated units with updated interiors, providing immediate rental premiums, while three units remain in classic condition, presenting a clear value-add opportunity for increased rents and long-term growth. Located just moments from Leimert Park Village, the Metro K Line, and major employment hubs including Downtown LA, Culver City, and USC. The area continues to see strong rental demand and ongoing neighborhood investment. The property also includes four garages (two 2-car and two 1-car), which can be delivered vacant. These offer flexibility for additional income or excellent ADU potential. Ideal for investors looking for a balance of current cash flow and long-term growth in a central Los Angeles location.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- Ceiling Fan
- Number of Cars in Garage
- Garage - 1 Car, Garage - 2 Car
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Courtesy of Compass, Kaela Whelan - CA DRE#01965737
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