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… Read More 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. Read Less
Courtesy of LA Vision Properties, Inc. 310-670-4000
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,046
Lot Size
0.1 Acres
Year Built
1958
MLS Number
25543991
30 Days Snapshot Of 90018
$1.23M
-13%
(avg) sold price
5
+66%
homes sold
144
+350%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Ceiling Fan, Range/Oven, Refrigerator
Building
3,046 sq ft, Built in 1958, Levels: Two
Cooling
None
Disclosures
City Inspection Record Search Only
Floors
Mixed, Hardwood, Carpet, Linoleum
Garage
0 total garage spaces, Private
Heating
Wall
Lot
LotAcreage: 0.1028, LotSizeArea: 4,479, Near Public Transit, City
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