Well-maintained 8-unit multifamily property in the heart of Leimert Park, one of LA's most vibrant and evolving neighborhoods. The property offers a strong 6% cap rate with solid in-place income and clear upside potential. The property features five renovated units with updated interiors, providing immediate rental premiums, while three units… Read More remain in classic condition, presenting a clear value-add opportunity for increased rents and long-term growth. Located just moments from Leimert Park Village, the Metro K Line, and major employment hubs including Downtown LA, Culver City, and USC. The area continues to see strong rental demand and ongoing neighborhood investment. The property also includes four garages (two 2-car and two 1-car), which can be delivered vacant. These offer flexibility for additional income or excellent ADU potential. Ideal for investors looking for a balance of current cash flow and long-term growth in a central Los Angeles location. Read Less
Courtesy of Compass 310-437-7500
Listing Snapshot
Days Online
7
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,134
Lot Size
0.14 Acres
Year Built
1940
MLS Number
26756773
30 Days Snapshot Of 90008
$1.11M
+44%
(avg) sold price
6
+100%
homes sold
50
-58%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator, Garbage Disposal
Building
5,134 sq ft, Built in 1940, Levels: Two
Cooling
Ceiling Fan
Disclosures
None
Garage
Garage - 1 Car, Garage - 2 Car
Heating
Wall
Lot
LotAcreage: 0.1421, LotSizeArea: 6,188
Parking
TotalParking: 6
Property
NumberOfUnits: 8, Zoning: LAR3
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