4164 Leimert Blvd, Los Angeles, CA 90008
Sale Price: $1,625,000
Dec 16, 20245,908 sqft8 beds8 baths
Listed by: Jerome McAlpin
License #: 00939725
Phone #: 310-437-4172
McAlpin & Company
Source:
MLS #: 24472681
Property Description
We are pleased to announce a price improvement on this 8 Unit investment opportunity. It is located in Leimert Park, a popular submarket in Los Angeles. The building consists of all one bedroom - one bath units and contains 5,908 square feet. It is situated on a 5,281 square foot lot, which is zoned LAR3. The investment is currently producing $12,198 per month and there is still plenty of upside in the rents. The GRM is 11.2 with a 5.43 CAP rate and the Market GRM is 7.82 with a 9.18 Market CAP. The complex was built in 1933, with wood-frame, stucco construction and beautiful Spanish architecture. This is an excellent opportunity to invest in a highly sought after location with lots of potential. Please make all offers subject to inspection.
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$20,847
TurboHome Estimated Value
$1,519,900
$257 sqft
High Valuation
$1,595,895
$270/sqft
Normal Valuation
$1,519,900
$257/sqft
Low Valuation
$1,443,905
$244/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $257/sqft | $1,519,900 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: Leiment Park
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Comparative Value
$1.63M
$1.65M
4164 Leimert Blvd, Los Angeles, CA 90008
Sale Price: $1,625,000
Selected Comparable
4164 Leimert Blvd, Los Angeles, CA 90008
List Price: $1,650,000
Subject Property
Neighborhood Comps
Subject Property
SUBJECT4164 Leimert Blvd, Los Angeles, CA 90008
List: $1,650,000
Listed: 12/16/2024
Area:5,908 sqft
Price/sqft:$279
Beds:8
Baths:8
Year Built:—
Lot Size:5,281
Comparable Properties
COMPARABLEChoose comps
4164 Leimert Blvd, Los Angeles, CA 90008
Sale: $1,625,000
4/28/2025 • 0.00 mi
Area:5,908 sqft
Price/sqft:$275
Beds:8
Baths:8
Year Built:—
Weight:100.0%
Subject Property
SUBJECT| Image | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4164 Leimert Blvd, Los Angeles, CA 90008 | $1,650,000 | 5,908 | $279 | 5,281 | — | 12/16/2024 | 8 | 8 | — | — |
Comparable Properties
COMPARABLEChoose comps
| Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4164 Leimert Blvd, Los Angeles, CA 90008 | $1,625,000 | 5,908 | $275 | 5,281 | 0.00 mi | 4/28/2025 | 8 | 8 | — | 100.0% |
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