3301 Obama Blvd - Apartments FOR SALE


Los Angeles, CA 90018- Crenshaw
$2,100,000 USD
310-463-2916
3301 Obama Blvd, Los Angeles, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/25
null | 7.3% Cap Rate

3301 Obama Blvd
Los Angeles, CA 90018
Crenshaw


HIGHLIGHTS

  • Certificate of Occupancy 2025 - 5 New Construction Units Exempt from Rent Control + Completely Remodeled SFR
  • 7.30% Cap Rate / 9.82 GRM on Currents
  • Turnkey Asset in Dynamic, Fast-Growing Leimert Park Submarket - 6 Minute Walk to Metro E Line and Crenshaw Line
  • MiniSplits, Individual Water Heaters, Separately Metered Utilities, Solar Panels

OVERVIEW

3301 Obama Blvd is a highly desirable turnkey multifamily opportunity in one of Los Angeles’ most dynamic and rapidly evolving submarkets—Leimert Park. The six-unit property benefits from its prime location amid significant neighborhood reinvestment, cultural resurgence, and expanding transit connectivity. The offering features an attractive mix of spacious one-, two-, and three-bedroom floorplans, appealing to a wide renter base and supporting durable occupancy. demand. Five new construction units are exempt from rent control, while the original single-family dwelling has been completely renovated, delivering a compelling mix of modern design, stability, and operational upside. Building systems and utility structures further enhance the long-term performance. Individually metered utilities, MiniSplit systems, and dedicated water heaters reduce owner costs and improve tenant retention, while solar panels on the rear dupliex provide additional efficiency and sustainability benefits. Newly completed exterior upgrades include thoughtfully designed and low-maintenance landscaping with modern pavers and drought-tolerant native plantings, enhancing both aesthetic appeal and curb presence. Strategically located just a 6-minute walk from the Metro E-Line—linking Santa Monica and Downtown Los Angeles—and the Crenshaw Line providing direct access to LAX, the property offers exceptional transit access and lifestyle convenience. Offered at a competitive 7.30% cap rate and 9.82 GRM on existing rents, 3301 Obama Blvd provides an exceptional opportunity to acquire a turnkey asset with income certainty and long-term upside within one of Los Angeles’ most closely watched growth corridors.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$404 USD /SF

# OF UNITS

6

PRICE/UNIT

$350,000

CAP RATE

7.3%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1944

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LA-RD2

APN/PARCEL ID

5044-001-013

ASK ABOUT THIS PROPERTY

Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.