Property listed by LA Vision Properties, Inc., Tisha Greene 310-670-4000
$1,100,000
This Leimert Park 4-plex is a solid investment with stable tenants & healthy upside on rental income. The building is also poised for steady appreciation perched on the Obama Blvd. corridor within walking distance of the Crenshaw/Expo METRO station, related area redevelopment and is further flanked by $1M+ single… Read More family homes in both the historic Jefferson Park & Leimert Park neighborhoods. Don't miss this rare opportunity to purchase a competitively priced, well-maintained multifamily property for only $275,000 per unit & $361/SF in the heart of Los Angeles at an actual 4.5% Cap Rate with much higher returns as units turn over (i.e. pro forma - 8.35% Cap Rate & 10.07GRM). Owner expenses are low since units are separately metered for gas & electricity. Owner pays water, trash and gardening. Make offer subject to inspection. Read Less
Listing Snapshot
Days Online
8
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,046
Lot Size
0.1 Acres
Year Built
1958
MLS Number
25543991
30 Days Snapshot Of 90018
$997k
-18%
(avg) sold price
9
+80%
homes sold
153
+218%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1958, Building area total: 3,046, Levels: Two, Living area: 3046, 2 stories, 1 building
Cooling
None
Floors
Carpet, Wood
Heating
WallFurnace
Income
Gross income: $65,587, Net operating income: $49,523
Interior Features
CeilingFans
Lot
0.1028 acres, 4,479 square feet, Size: 4,479
Parking
4 open parking spaces, 4 totals parking, Private
Property
Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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