Los Angeles, CA 90018,2443 Obama Blvd
Los Angeles, CA 90018,2443 Obama Blvd
Los Angeles, CA 90018,2443 Obama Blvd
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$1,100,000
Est. payment /mo
6 Beds
4 Baths
3,046 SqFt
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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


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TheMLS (CLAW)
Listed by LA Vision Properties, Inc.

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Kirshner Elkin Properties

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