4089 Leimert Boulevard, Los Angeles, CA 90008
List Price: $2.08M
Listing Status: Active
0Days on Market: 8
8 Bedrooms · 8 Bathrooms · 5,134 sq ft
Property Type: ResidentialIncome
Year Built: 1940
Lot Size: 6,188 sq ft
MLS Number: 26756773
About This Property
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% 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 provided by: Kaela Whelan DRE #01965737 310-437-7500 kaelalwhelan@gmail.com, Compass
Source: CRMLS, MLS #: 26756773
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