We are pleased to present this 8 Unit apartment complex for sale. 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 6,316 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 11.9 with a 5.05 CAP rate and the Market GRM is 8.29 with an 8.65 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.
Well-Maintained 4-Unit Income Property in Leimert Park. A rare opportunity to acquire a charming multi-unit property in the highly sought-after Leimert Park neighborhood. This building features four units with the following configurations: Two (2) One Bedroom/ One Bathroom, One (1) Two Bedroom / One Bathroom, and One (1) Three Bedroom / One Bathroom unit. The property is under rent control, fully occupied, and sold with tenants. Don't miss out on this unique investment opportunity in one of Los Angeles' most iconic neighborhoods! Don't disturb tenants. Buyer and Buyer agent to verify zoning and square footage.
Check out this 1951 mid-century corner Triplex in re-imagined Lemeirt Park area of Los Angeles! In 2017 & 2019, Designer updated the two 2-bedroom + 1 bath units by adding a bright & modern canvas, including laminate/hardwood floors, as well as one of the two-bedroom units having LG combo washer/dryer unit. The front cottage-like 1-bedroom unit has updated plumbing fixtures & hardwood floors. In July 2024, repiped mainline pipes were installed. Triplex is adjacent to L.A.'s landmark "Presidential Row" boulevards of Leimert Park. So centrally located, on corner of the highly trafficked but historic Martin Luther King Jr Blvd, you can forget freeway travel, for unit is straight way by surface streets to downtown, LAX, Culver City, Beverly Hills or Santa Monica. Added amenities include: boutique setting of only 3 units; come in & out through 2-unit's own front and rear doors; triplex ensconced in mature palm trees & cacti w/drip system; newer stainless steel stove, hood & refrigerator in 2-bedroom units; 3 garages configured w/a 2-car shared parking & storage bin & a 1 one-car private garage w/storage bin; 2-bedroom units have: mixture of newer tile floors in kitchen & bath; newer granite counters in kitchen; smart recess lighting in kitchen & center hall; newer modern bedroom ceiling fans; & all units have newer hot water heaters. The property has exterior laundry & storage rooms. Audubon Middle Schools' sports field is across the street. Stroll through nearby Lemeirt Park Plaza, referred to by some as a center of a contemporary art scene in Los Angeles and likened to a west coast "Greenwich Village" w/popular art galleries, blues and jazz clubs, theaters for musicals, dramatic performances, comedy specials, poetry readings, & the historic Vision Theater. Buyers are advised: 1) photos/videos were taken prior to tenants occupancy; 2) verify all square footages mentioned in listing. Units now are all Tenant occupied but 1 Tenant in 2 bedroom unit has recently indicated they may move out in 3 months. Seller may consider a carry back. Seller may consider 1031 exchange. Please do not disturb Tenants. Feel free to drive by 1st to view: 1) exterior; 2) neighborhood; pictures; floor plan; & virtual tour, & 3) confirm w/permit agencies square footages & bedroom/bathroom counts. If interested, submit offer, subject to interior view of tenant units, w/POF, paystubs, statements, evidence of FICO score, loan approval evidence, etc for Seller approval. Broker is part Owner/Trustee of subject property.
Well maintained 4 Unit building in Leimert Park. The property consists of four, two-bedroom / one-bathroom units, TOC Tier 3, and detached garages for future ADU projects. The property is under rent control and is fully occupied and will be sold with tenants. Don't disturb tenants. Buyer and Buyer agent to verify zoning and square footage.
Stylishly remodeled art-deco Leimert Park DUPLEX in a vibrant and sought-after neighborhood. BOTH UNITS DELIVERED VACANT. This stunning property features a spacious 3-bd/1.25 ba unit downstairs and a 2-bd/1-ba unit up, perfect for anyone looking for both convenience and modern living. Both units offer bright, sunny living rooms and open dining areas, ideal for entertaining or relaxing. The kitchens have been beautifully remodeled with sleek quartz countertops and SS appliances, adding a modern touch to this classic property. Beautifully updated bathrooms provide comfort and style throughout. New flooring has been installed in both units, with the top unit boasting double-layered noise reduction cork for added tranquility and newer carpet in the bedrooms. The top unit also offers two large balconies accessible from the back porch, while the bottom unit has hardwood floors and convenient laundry hookups. This property has had upgrades including a newer roof and electrical panel. A spacious backyard with a large grass area is perfect for outdoor gatherings or relaxing in a peaceful setting. DETACHED TWO CAR GARAGE. (Possible ADU conversion?) Garage provides one covered parking spot per unit. The location is truly unbeatable, with shopping, dining, and entertainment just steps away,
Excellent opportunity to acquire a solid investment property in Leimert Park. This TOC Tier 3 zoned building features four 1-bedroom units, each with in-unit laundry. The units showcase charming characteristics coveted in this area - wood beam ceilings, hardwood floors, generous room sizes, bathrooms with period piece bathroom tiles and separate tubs and showers. Electrical updates and central air and heat enhance the appeal. The property has stable tenants and is in a highly rentable location, near the Crenshaw and Expo lines, Baldwin Crenshaw Mall, new Costco, just 10 minutes to DTLA, and 3 miles from USC. +One unit will be vacant at closing, making it ideal for investors or owner-occupants. Great location with cash cow potential. *Drive by only write offer STI, some areas have been virtually staged. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, rent potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.
Are you looking for a great investment in Los Angeles? Don't miss a once in a lifetime opportunity to purchase 12 luxurious apartments in historic Leimert Park which is similar to its famed neighbor. Baldwin Hills Estates. This is a chance to own property in one of the most desirable and culturally rich neighborhoods in the city. This building is located in a prime location close to public transportation, shopping, dining, entertainment and more. The location provides easy assess to popular public transit options and major arterial throughfares like the 10, 110, and 405 freeways as well as, a short distance to the MECCA entertainment centers in Los Angeles, which includes the Forum, Sofi and Clippers Stadium, and many others. The building was built in 1929, with a foot-print of approximately 12,345 SF, sitting on a 11,001 SF zoned LAR 3. Leimert Park and Baldwin Hills Estates are two of the most historical neighborhoods in Los Angeles. Many celebrities have called this historical area home. The apartments have been well maintained by the same ownership for over 20 years. The property offers two stunning townhouse units, foyer entry, each with two bedrooms, 2 baths, a dressing area, fireplace, with vaulted ceilings and roof top patios with a view of the mountains and the city. The ten cozy and comfortable one-bedroom units have a full bathroom, plenty of storage, fireplace and a small balcony. There is a shared laundry room. Six of the twelve units are vacant for a new owner to capitalize on the turn-key units upside potential. The nearby commercial hub is filled with art galleries, coffee shops, locally owned stores and authentic eateries.
Are you looking for a great investment in Los Angeles? Don't miss a once in a lifetime opportunity to purchase 12 luxurious apartments in historic Leimert Park which is similar to its famed neighbor. Baldwin Hills Estates. This is a chance to own property in one of the most desirable and culturally rich neighborhoods in the city. This building is located in a prime location close to public transportation, shopping, dining, entertainment and more. The location provides easy assess to popular public transit options and major arterial throughfares like the 10, 110, and 405 freeways as well as, a short distance to the MECCA entertainment centers in Los Angeles, which includes the Forum, Sofi and Clippers Stadium, and many others. The building was built in 1929, with a foot-print of approximately 12,345 SF, sitting on a 11,001 SF zoned LAR 3. Leimert Park and Baldwin Hills Estates are two of the most historical neighborhoods in Los Angeles. Many celebrities have called this historical area home. The apartments have been well maintained by the same ownership for over 20 years. The property offers two stunning townhouse units, foyer entry, each with two bedrooms, 2 baths, a dressing area, fireplace, with vaulted ceilings and roof top patios with a view of the mountains and the city. The
Property is a two story 4 unit apartment with detached 4 car garage located in Leimert Park. There are 2 - 2 bedrooms 1 bath and 2 - 1 bedroom 1 bath units. New stairway access to upstairs units. Each unit has 1 car space and individual garage door, access is by alley. Great for investment.
The seller decided to paint the exterior of the building. Three of the vacant units have been upgraded and painted on the inside, with new flooring in two of the kitchens. The wires have been upgraded in the units, and the owner decided to upgrade the master panel. If the property is all rented out, it will cash flow handsomely. Currently, there are 2 vacant units available; they are soon to be rented out.
This is a 4-unit building, totally remodeled. 3 units will be delivered vacant at the COE. Please make an appointment with the listing agent to see this building. Each unit is 1407 Square feet, Living room, formal dining room with a balcony off the dining room. Kitchen, breakfast nook, and service porch with washer dryer hookups. 2 extra large bedrooms, and a remodeled bathroom with tub and shower. Investors come and see. Owner-occupants, live in one, and have the other 3 units help to pay your mortgage.
Fully Occupied 4 units generate a stable high income. Excellent investment opportunity. Located where Leimert Park and Exposition Park meet; while providing nearby access to both the 10 and 110 freeways. Approximately 2 miles from USC and south of Jefferson Park. The property features 2 units upstairs and 2 units downstairs. All 4 units have 2 bedrooms & 1 bathroom. On-site laundry. Detached 6 garage spaces but 1 garage space is currently occupied by the washer & dryer. Behind the detached garage is some space which could be creatively put to use. Large lot size of approximately 8,097 square feet with potential to build ADU but please verify with City of Los Angeles and an architect. Separate Electricity & Gas meters to simplify management while the tall greenery in front provides privacy.
This property is in the historically desirable Leimert Park neighborhood of Los Angeles. This well maintained twelve-unit (one bedroom-one bathroom) apartment building is surrounded by aesthetically pleasing tree lined avenues. Each unit is spacious giving the resident a warm feeling of home. The green front yard provides a feeling of being one with nature. Located in proximity to rapid transit, shopping, local schools and institutions of higher learning, the area has experienced a renaissance. The time is now to seize the opportunity to invest in a property nestled within a hidden oasis. This spacious superbly maintained apartment residence provides one a tranquil sanctuary within a medium sized apartment compound away from the surrounding fast paced urban environment. Hardwood floors abound with generous closet space.Centrally located within minutes of the 405, 110 and 10 Freeways, this ideal location provides access to major area shopping areas in Ladera Heights, Culver City Westfield Culver City, the Westside of Los Angeles, and within minutes of SoFi Stadium. Nearby educational opportunities abound with West Los Angeles College minutes away with all the cultural opportunities afforded to the greater Los Angeles area, The Hollywood Bowl, the Disney Concert Hall, and many more.This investment opportunity has the makings to attract the astute investor. Seize this growth opportunity in this prestigious location. This property has great rental increase potential as all tenants are currently on month-to-month tenancy. Buyer to rely solely on Buyer's independent investigations. Drive by only! Do not disturb occupants. Property is sold in "As-Is" condition. Upon an accept offer, Buyer shall have the right to inspect the property at Buyer's expense and rely solely on Buyer's inspections and investigations. Property is sold for All Cash, Cash to New Loan or terms and conditions acceptable to the Seller. Seller shall select all services, including escrow, title services. Please contact listing agents for more information. ALL TENANTS ARE MONTH TO MONTH. Buyer is aware that Seller intends to perform an IRS Section 1031 tax-deferred exchange. Seller requests Buyer's cooperation in such an exchange and agrees to hold Buyer harmless from all claims, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to a qualified intermediary by the Seller.
Experience a truly unique gem nestled in the heart of Leimert Park - a stunning Spanish-style beauty showcasing six impeccably maintained units. Many of these units have been extensively remodeled and upgraded, boasting modern touches like new flooring, granite countertops, and elegantly renovated bathrooms.The building features two spacious 2-bedroom, 1-bathroom units and four generous 1-bedroom, 1-bathroom units. Each residence offers a sizable living room and dining area, with select units boasting decorative fireplaces and higher ceilings for added allure.Moreover, this property offers the convenience of garage parking and on-site leased washer and dryer facilities, further enhancing its appeal to potential tenants.Perfectly positioned in a central location, this investment property grants easy access to shopping centers, diverse dining options, and entertainment hubs, solidifying its attractiveness to renters. This rare opportunity in the vibrant Leimert Park area won't linger on the market for long.
This Leimert Park triplex is a great opportunity for a building on an R-3 lot that backs to an alley. One unit will be delivered vacant, and the other two units have had recent 4% increase that is refelected in the rent rolls. The sellers have made many improvements, list upon request. The property's location near the new Crenshaw train line, public transportation, and local amenities like Leimert Park Village and Leimert Plaza Park make it an attractive location for an owner to live in one unit and collect rents from the other two units, or a fantastic investment opportunity, especially with its proximity to Downtown LA and USC. The recent updates include new flooring, fixtures, and kitchen upgrades, separate water heaters and meters. The grassy area in the back presents a wonderful opportunity for potential buyers to envision creating a private outdoor space for relaxation or gardening, adding even more value to the property. There is parking onsite, accessible from the alley or maybe an ADU, buyer to verify with City.
Welcome to this charming Leimert Park Duplex, offering the perfect blend of classic elegance and modern comfort. With 2 bedrooms and 1 bathroom in each unit, this property provides spacious living spaces that are both functional and inviting. Upon entering each unit, you'll be greeted by a large family room which offers ample space for relaxation and entertainment, creating a warm and welcoming atmosphere for residents and guests alike. Each unit boasts over 1,500 square feet of living space, ensuring plenty of room to spread out and make it your own. Whether you're looking for a comfortable family home or an investment opportunity, this duplex has you covered. Additionally, the property features a detached garage, providing convenient storage space or parking options. There's also plenty of on-street parking available, making it easy for residents and visitors to find a spot. Don't miss the chance to live in one unit while generating income from the other, making this a fantastic investment opportunity. Leimert Park is a highly desirable neighborhood known for its cultural richness, parks, and close proximity to shopping, dining, and entertainment options. Experience the best of both worlds classic charm and modern convenience in this Leimert Park Duplex.
Seize this exceptional opportunity to acquire a fully renovated triplex in the heart of Leimert Park, a vibrant and sought-after neighborhood in Los Angeles. This property has undergone extensive renovations, including a new roof, plumbing, electrical, flooring, windows, kitchens, and bathrooms, transforming it into a modern and desirable rental haven. With three spacious units all with their private laundry area and garage. Two large units featuring three bedrooms and two bathrooms, the smaller unit is two bedrooms and 1 bathroom. This triplex is poised to attract discerning tenants seeking stylish and well-maintained living spaces. This triplex presents an exciting opportunity for investors seeking a property with immediate income potential and the possibility to add value and increasing gross income by building an ADU above the large detached 3 car garage. The property's occupancy status allows new owners to set rental rates at market value, maximizing their return on investment. Schedule a viewing today to experience the potential of this exceptional investment property.
Property consists of One Single family house & Three 1 bedroom /1 bath unit , one upstairs 1 bedroom renovated .Front house has 3 bedroom/2 bath. Provided 2 single garage and used as storage, 3 carpool parking and 1 open garage. good size back yard and convenient location . Convenient Location .
The median home value in Los Angeles, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $912,500. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90008 has a population of 3,902,440. Los Angeles 90008 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90008 is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90008 is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.