4164 Leimert Boulevard

Los Angeles, CA 90008

$1,750,000
Price
8
Beds
8
Baths
5,908 Sq. Ft.
$296 / Sq. Ft.
5,908
Sq. Ft.
$296
per Sq. Ft.

Description

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 investment 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...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 investment 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.
  1. Listed by Jerome McAlpin • DRE #00939725 • Brokerage DRE #00939725 • McAlpin & Company

Property Details for 4164 Leimert Boulevard

Zoning
LAR3
Style
Spanish
Parcel Number
5023006021
Total Units
8.0
Living Area
5908
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
2%
LISTING UPDATED: 12/24/2024 12:01 AM

Property Details for 4164 Leimert Boulevard

StatusActive
MLS #24-472681
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1933
Lot Size0.12 AC / 5,281 SF
CountyLos Angeles County

Building Information for 4164 Leimert Boulevard

Stories2Residences-Year Built1933Building Size-Lot Size0.12 AC / 5,281 SF

Property Information for 4164 Leimert Boulevard

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Direction Faces: North
Contract Info
Contract Info
  • Financing: Cash, Conventional, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $143,873
  • Net Operating Income: $88,409.00
  • Gross Income: $143,873
  • Gross Rent Multiplier: $11.90
  • Actual Annual Gross Rent: $146,375.00
  • Owner Pays: Gas, Gardener, Water
  • Total Annual Expense: 55464
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1212
  • Lot Size Square Feet: 5281
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Garbage Disposal, Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-16-2024
  • Listing Terms: Cash, Cash To New Loan, Conventional
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,290.00
  • Unit Actual Rent: $1,290.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,179.00
  • Unit Actual Rent: $1,179.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,114.00
  • Unit Actual Rent: $1,114.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,290.00
  • Unit Actual Rent: $1,290.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,924.00
  • Unit Actual Rent: $1,924.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,411.00
  • Unit Actual Rent: $1,411.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $249,902.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $583,111.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $833,013.00

Property History for 4164 Leimert Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4164 Leimert Boulevard

Taxable ValueLand$594,773Additions$254,900Total$849,673
Tax Record2024$11,372 ($948 / month)
Home Facts
Total Finished SqFt5,908 SqFtAbove Grade Finished SqFt5,908 SqFtLot Size5,281 SqFtStyleMulti-Family Res (5+ Units)Year Built1933ZoningLAR3CountyLOS ANGELESAPN5023-006-021

Schools near 4164 Leimert Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Forty-Second Street Elementary School
PublicK to 5

New Heights Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

4164 Leimert Boulevard is a multi-family home for sale in Los Angeles, CA 90008. This property was listed for sale on December 16, 2024 by McAlpin & Company, it's currently listed at $1,750,000. It has been on the market for a total of 14 days and was last sold on February 15, 2012. This listing's school district is Los Angeles Unified School District. Nearby schools include Forty-Second Street Elementary School, New Heights Charter School and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 4164 Leimert Boulevard is a 8-bed, 8-bath, 5,908 sqft multi-family home built in 1933.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of McAlpin & Company, Jerome McAlpin, DRE #00939725

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.