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32890292
32890291

4089 Leimert Boulevard, Los Angeles, CA 90008

KW
CA 01965737
Compass
Listed by Compass
$1,995,000
11 days on market
Updated 11 days ago

4089 Leimert Boulevard

Details
APN 5023003019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,134
Units 8
Cap Rate 6.20%
NOI $123,654
Occupancy 100%
Tenancy Multi
Price per SqFt $389
Year Built 1940
Buildings 1
Stories 2
Acreage 0.140
Zoning LAR3
Parking Spaces 6 spaces
Parking Per SqFt 1.17
Investment Type Value Add

Multifamily | 6.20% CAP | 8 Units

Marketing 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.

Investment highlights


Listing Contacts

KW
CA 01965737
Compass
Listed by Compass

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,654.00
$10,304.50/mo

Valuation Metrics

0
DSCR
6.2%
Cap Rate
6.2%
ROI

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