4267 Leimert Boulevard

Los Angeles, CA 90008

$4,500,000
Price
14
Beds
12
Baths
12,348 Sq. Ft.
$364 / Sq. Ft.
12,348
Sq. Ft.
$364
per Sq. Ft.

Description

Are you looking for a great investment in Los Angeles? Don't miss a once in a lifetime opportunity to purchase 12 luxurious apartments in historic Leimert Park which is similar to its famed neighbor. Baldwin Hills Estates. This is a chance to own property in one of the most desirable and culturally rich neighborhoods in the city. This building is located in a prime location close to public transportation, shopping, dining, entertainment and more. The location provides easy assess to popular public...Are you looking for a great investment in Los Angeles? Don't miss a once in a lifetime opportunity to purchase 12 luxurious apartments in historic Leimert Park which is similar to its famed neighbor. Baldwin Hills Estates. This is a chance to own property in one of the most desirable and culturally rich neighborhoods in the city. This building is located in a prime location close to public transportation, shopping, dining, entertainment and more. The location provides easy assess to popular public transit options and major arterial throughfares like the 10, 110, and 405 freeways as well as, a short distance to the MECCA entertainment centers in Los Angeles, which includes the Forum, Sofi and Clippers Stadium, and many others. The building was built in 1929, with a foot-print of approximately 12,345 SF, sitting on a 11,001 SF zoned LAR 3. Leimert Park and Baldwin Hills Estates are two of the most historical neighborhoods in Los Angeles. Many celebrities have called this historical area home. The apartments have been well maintained by the same ownership for over 20 years. The property offers two stunning townhouse units, foyer entry, each with two bedrooms, 2 baths, a dressing area, fireplace, with vaulted ceilings and roof top patios with a view of the mountains and the city. The ten cozy and comfortable one-bedroom units have a full bathroom, plenty of storage, fireplace and a small balcony. There is a shared laundry room. Six of the twelve units are vacant for a new owner to capitalize on the turn-key units upside potential. The nearby commercial hub is filled with art galleries, coffee shops, locally owned stores and authentic eateries.
  1. Listed by Maesoa Darton • DRE #00623849 • Brokerage DRE #00623849 • Montecito Realty Co

Property Details for 4267 Leimert Boulevard

Water Front
None
Zoning
LAR3
Style
Architectural
Cross Streets
MLK OR VERNON
Accessibility Features
None
Parcel Number
5024020017
Total Units
12.0
Living Area
12348
LISTING UPDATED: 11/08/2024 09:27 PM

Property Details for 4267 Leimert Boulevard

StatusActive
MLS #24-456420
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.25 AC / 11,004 SF
CountyLos Angeles County

Building Information for 4267 Leimert Boulevard

Stories2Residences-Year Built1929Building Size-Lot Size0.25 AC / 11,004 SF

Property Information for 4267 Leimert Boulevard

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • View: Yes
  • View Description: City, City Lights
  • View: City Lights
  • Security Features: Fire and Smoke Detection System, Smoke Detector, Gated, Carbon Monoxide Detector(s), Fire Sprinklers
  • Direction Faces: West
  • Property Condition: Repair Cosmetic
  • Water: District, Fire Hydrant, Meter on Property, Public
  • Sewer: In Street, In Street Paid
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $90,240
  • Net Operating Income: $38,066.00
  • Gross Income: $90,240
  • Cap Rate: 5.86%
  • Gross Rent Multiplier: $14.80
  • Actual Annual Gross Rent: $90,240.00
  • Financial Info as Of: 10/23/2024
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 28404
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.2526
  • Lot Size Square Feet: 11004
  • Lot Description: Alley Paved, Curbs, Fenced Yard
  • Lot Location: Alley Access, City, Park Nearby
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Detached, Garage Is Detached, On street
  • Total Parking: 9
  • Covered Parking: 9
  • Parking Features: Covered, Street
  • Attached Garage: No
Interior Features
Interior Features
  • Room Type: Dressing Area, Walk-In Closet
  • Rooms: Dressing Area, Walk-In Closet, Patio Open
  • Levels: Two
  • Fireplace Features: Living Room, Decorative
  • Fireplace Rooms: Living Room, Decorative
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Fireplace(s), Wall Furnace
  • Heating Type: Fireplace, Wall
  • Flooring: Carpet, Mixed
  • Equipment: Ceiling Fan, Washer, Gas Or Electric Dryer Hookup
  • Interior Features: Storage Space
  • Kitchen Features: Counter Top
  • Room Bathroom Features: Shower in Tub
  • Bathroom Features: Shower and Tub
  • Cooking Appliances: Gas
  • Laundry: Laundry Area, Outside
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Flat
  • Patio Features: Roof Top Deck
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Foundation Details: None
  • Other Structural Features: Balcony, Historical, High Ceilings (9 Feet+), Partial Copper Plumbing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-24-2024
  • Listing Terms: Cash, Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,262.00
  • Unit Actual Rent: $2,524.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,608.00
  • Unit Actual Rent: $1,608.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $847.00
  • Unit Actual Rent: $847.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,364.00
  • Unit Actual Rent: $1,364.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,222.00
  • Unit Actual Rent: $1,222.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 2
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $521,287.00
  • Assessed Improvement Percent: 73.67
  • Assessed Land Value: $186,277.00
  • Assessed Land Percent: 26.33
  • Assessed Total Value: $707,564.00

Property History for 4267 Leimert Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4267 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
Public - 9 to 10
Rating
School
Distance
Forty-Second Street Elementary School
PublicK to 5

New Heights Charter School
CharterK to 8

Iovine and Young Center
Public9 to 10

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.

4267 Leimert Boulevard is a multi-family home for sale in Los Angeles, CA 90008. This property was listed for sale on October 23, 2024 by Montecito Realty Co, it's currently listed at $4,500,000. 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. 4267 Leimert Boulevard is a 14-bed, 12-bath, 12,348 sqft multi-family home built in 1929.

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 Montecito Realty Co, Maesoa Darton, DRE #00623849

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.