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For SaleLuxury

$1,895,000

5,134 sqft$369/sqft202 days on market

4089 Leimert Boulevard

Los Angeles, CA 90008

· 8% down, 7% APR, 30yr fixed

8

Beds

8

Baths

5,134

Square feet

1940

Built

Listing narrative

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 6.5% 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.

Listing agent (MLS): Kaela Whelan · Listing brokerage (MLS): Compass

Property Details

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Price

$1,895,000

Beds

8 bd

Type

House

Home Size

5,134 sqft

Baths

8

Lot Size

0.14 acres

Year

1940

Status

For Sale

Days on Market

202

$ / Sqft

$369

· 8% down, 7% APR, 30yr fixed
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Courtesy of Compass