4164 Leimert Boulevard, Los Angeles, CA 90008
Property
Sold April 2025
Listing Agent: Jerome McAlpin (DRE #00939725) · Listing Office: McAlpin & Company · Contact: 310-437-4172 · Bought with: Jilla Morssali · HomeSmart, Evergreen Realty · MLS #24472681 · Source: CRMLS
About this property
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.
Listing description from the April 2025 sale, as reported to CRMLS.
Sale history