4164 Leimert Blvd | 4164-4166 Leimert Blvd
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4164 Leimert Blvd 4164-4166 Leimert Blvd
8 Unit Apartment Building $1,750,000 ($218,750/Unit) 5.05% Cap Rate Los Angeles, CA 90008
Executive Summary
Clean building, in an excellent rental location. All units have been updated with tile and hardwood flooring, new countertops, ceiling fans and stainless-steel appliances. Leimert Park, situated in South Los Angeles, is a historic neighborhood renowned for its vibrant culture and residential charm. Since the 1920's, it's been a haven for artists, musicians, and intellectuals. The heart of Leimert Park is its village, offering a blend of shops, galleries, and cultural events. But beyond its cultural significance, the neighborhood boasts treelined streets adorned with well-preserved historic homes and lush greenery. Additionally, it is one of the best rental markets in South Los Angeles.
Property Facts
| Price | $1,750,000 | Property Subtype | Apartment |
| Price Per Unit | $218,750 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.05% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 11.92 | Building Size | 5,908 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1933/2012 |
| Price | $1,750,000 |
| Price Per Unit | $218,750 |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| Gross Rent Multiplier | 11.92 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,908 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1933/2012 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,519 | 442 - 740 |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 5023-006-021 | Improvements Assessment | $254,900 |
| Land Assessment | $594,773 | Total Assessment | $849,673 |
PROPERTY TAXES
Parcel Number
5023-006-021
Land Assessment
$594,773
Improvements Assessment
$254,900
Total Assessment
$849,673
zoning
| Zoning Code | LAR3 |
| LAR3 |
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4164 Leimert Blvd | 4164-4166 Leimert Blvd
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