4164 Leimert Boulevard
$1,750,000
8
8
5,908
5,908
$296
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.
- Listed by Jerome McAlpin • DRE #00939725 • Brokerage DRE #00939725 • McAlpin & Company
Property Details for 4164 Leimert Boulevard
Zoning
LAR3
StyleSpanish
Parcel Number5023006021
Total Units8.0
Living Area5908
Source Living AreaVendor Enhanced
AreaPark Hills Heights (PHHT)
Vacancy Rate2%
LISTING UPDATED: 12/24/2024 12:01 AM
Property Details for 4164 Leimert Boulevard
Status | Active |
---|---|
MLS # | 24-472681 |
Days on Market | 14 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1933 |
Lot Size | 0.12 AC / 5,281 SF |
County | Los 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
Property History for 4164 Leimert Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Crenshaw Arts-Technology Charter High School Charter9 to 12 |
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.
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