3
See all 3 photos
$1,200,000
Est. payment /mo
4 BD
8 BA
4,776 SqFt
Active Under Contract
4280 Leimert BLVD Los Angeles, CA 90008
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UPDATED:
02/15/2025 12:02 AM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,776 sqft
Price per Sqft $251
MLS Listing ID 25490115
Bedrooms 4
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1939
Lot Size 5,262 Sqft
Property Description
Huge Price Reduction!!! This is an Excellent Opportunity to Own a 8 Unit Building in the Highly Sought After Leimert Park!!! Four of the Eight units are 1 Bedroom, 1 Bath. Four are Single/Studio/Bachelor Units. This is an income producing property that has the potential to have a 8.8 Cap Rate based on Market Rents. It also has potential to have a 10.4 Gross Rent Multiplier. The Single/Studio units have been remodeled throughout. This property has a zero vacancy rate! The Leimert Park area is undergoing massive revitalization. In close proximity to the New Metro Train Line, Baldwin Hills Mall, Downtown Los Angeles and the New Inglewood Rams Stadium! This is opportunity galore, don't wait!!!
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Disposal
Exterior
Parking Features Carport
Community Features Gated
Building
Entry Level Two
Sewer Other
Architectural Style Craftsman
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5023007018
Security Features Gated Community
Special Listing Condition Standard
Listed by Robert Flannigan • Estate Properties
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