Overview
- 8
- 8
- 5134
- 1940
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 6.2% 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.
Address
Open on Google Maps- Address Leimert
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90008
Details
Updated on May 4, 2026 at 5:08 pm- Property ID: HZ26756773
- Price: $1,995,000
- Property Size: 5134 Sq Ft
- Bedrooms: 8
- Bathrooms: 8
- Year Built: 1940
- Property Status: ResidentialIncome
- Listed by: Kaela Whelan
- DRE #: 01965737
- Contact Mail: kaelalwhelan@gmail.com
- Brokered by: Compass
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