4089 Leimert BLVD, Los Angeles, CA 90008
4089 Leimert BLVD, Los Angeles, CA 90008
4089 Leimert BLVD, Los Angeles, CA 90008
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Diego Magdaleno

Diego Magdaleno

+1(714) 376-8652
$1,995,000
Est. payment /mo
8 Beds
8 Baths
5,134 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,134 sqft

Price per Sqft $388

MLS Listing ID 26756773

Bedrooms 8

HOA Y/N No

Year Built 1940

Lot Size 6,189 Sqft

Property Description

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 6.2% 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 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.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Appliance Disposal, Refrigerator

Exterior

Parking Features Door-Multi, Door-Single, Garage

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5023003019

Special Listing Condition Standard

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Listed by Kaela Whelan Compass #01965737

NEARBY SCHOOLS & PROPERTIES

Diego Magdaleno

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