2443 Obama Blvd Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90018
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,046 sqft
Price per Sqft $361
MLS Listing ID 25543991
Bedrooms 6
Year Built 1958
Lot Size 4,479 Sqft
Acres 0.1028
Property Sub-Type Multi-Family
Property Description
This Leimert Park 4-plex is a solid investment with stable tenants & healthy upside on rental income. The building is also poised for steady appreciation perched on the Obama Blvd. corridor within walking distance of the Crenshaw/Expo METRO station, related area redevelopment and is further flanked by $1M+ single family homes in both the historic Jefferson Park & Leimert Park neighborhoods. Don't miss this rare opportunity to purchase a competitively priced, well-maintained multifamily property for only $275,000 per unit & $361/SF in the heart of Los Angeles at an actual 4.5% Cap Rate with much higher returns as units turn over (i.e. pro forma - 8.35% Cap Rate & 10.07GRM). Owner expenses are low since units are separately metered for gas & electricity. Owner pays water, trash and gardening. Make offer subject to inspection.
Location
State CA
County Los Angeles
Area Park Hills Heights
Zoning LARD2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Flooring Mixed, Hardwood, Carpet, Linoleum
Equipment Ceiling Fan, Range/Oven, Refrigerator
Exterior
Parking Features Private
Garage Spaces 4.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard