$1,750,000
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4164 Leimert Boulevard Los Angeles, CA 90008
Cluster
Residence
8
Beds
8
Baths
...
Bed/Bath
5,908
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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We are pleased to present this 8 Unit apartment complex for sale. 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 6,316 square foot lot, which is zoned LAR3. The inve...stment is currently producing $12,198 per month and there is still plenty of upside in the rents. The GRM is 11.9 with a 5.05 CAP rate and the Market GRM is 8.29 with an 8.65 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.
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MLS#
24472681
Property Type
Cluster
Bedrooms
8
Bathrooms
Year Built
1933
Square Feet
5,908
sq. ft
Lot Size
0.12
Stories
2.0
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