We are pleased to present this 4 Unit multifamily investment in the desirable rental area of Leimert Park. This building offers four 2-bedroom 1 bath units boasting 1,349 square feet of living space. The structure was built in 1928 of wood-frame stucco construction with stylish Spanish Colonial architecture.… Read More The units have a total of 5,396 square feet and are situated on a 5,501 square foot lot, which is zoned LAR3. Currently the total monthly income is $6,271 per month, leaving a new Owner plenty of upside in the rents upon turnover. The building is fully occupied, and no units will be delivered vacant. Please make all offers subject to inspection and submit proof of funds and DU approval with all offers. Please do not disturb tenants. Read Less
Property listed by McAlpin & Company, Jerome McAlpin 310-437-4172
Listing Snapshot
Days Online
44
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,396
Lot Size
0.13 Acres
Year Built
1928
MLS Number
24449303
30 Days Snapshot Of 90008
$1,192k
-9%
(avg) sold price
6
-50%
homes sold
130
+136%
(avg) days on market
Snapshot
Area Map
Additional Details
Parking
4 totals parking, 1 open parking space, DoorMulti, Garage, Uncovered
Building
Built in 1928, Building area total: 5,396, Levels: Two, Living area: 5396, 2 stories, 1 building
Cooling
WallWindowUnits
Garage
3 spaces
Heating
WallFurnace
Income
Gross income: $75,252, Net operating income: $48,052
Interior Features
CeilingFans
Lot
0.1263 acres, 5,501 square feet, Size: 5,501
Property
Zoning: LAR3, None
Sewer
SewerTapPaid
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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