4089 Leimert Blvd - Apartments FOR SALE


Los Angeles, CA 90008- Leimert Park
$1,995,000 USD
310-526-1259
4089 Leimert Blvd, Los Angeles, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/16
null | 6.2% Cap Rate

4089 Leimert Blvd
Los Angeles, CA 90008
Leimert Park


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$389 USD /SF

# OF UNITS

8

PRICE/UNIT

$249,375

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAR3

APN/PARCEL ID

5023-003-019

ASK ABOUT THIS PROPERTY

Kaela WhelanCompassMore Info
310-526-1259

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Kaela WhelanCompassMore Info
310-526-1259

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