4080 Leimert Boulevard

Los Angeles, CA 90008

$1,265,000
Price
6
Beds
3
Baths
2,164 Sq. Ft.
$585 / Sq. Ft.
2,164
Sq. Ft.
$585
per Sq. Ft.

Description

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...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.

Listing Agent

  1. Cristina Warfield

    Cristina Warfield

    Listing Agent

    Compass

    DRE #01823970

Property Details for 4080 Leimert Boulevard

Zoning
LAR3
Style
Traditional
Cross Streets
Leimert and Martin Luther King Jr
Parcel Number
5023005021
Total Units
3.0
Living Area
2164
Source Living Area
Assessor
Area
Park Hills Heights (PHHT)

Location

Listing Courtesy of Compass, Cristina Warfield, DRE #01823970
Add your commute
LISTING UPDATED: 03/30/2024 02:23 PM

Property Details for 4080 Leimert Boulevard

StatusActive
MLS #24-353421
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1944
Lot Size0.09 AC / 4,125 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Cristina Warfield, DRE #01823970
Add your commute

Building Information for 4080 Leimert Boulevard

Stories2Residences-Year Built1944Building Size-Lot Size0.09 AC / 4,125 SF

Payment Calculator

$8,026 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,904

Property Taxes

$1,122

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4080 Leimert Boulevard

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Triplex
  • View: Yes
  • View Description: Tree Top
  • Security Features: Gated
  • Direction Faces: North
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan, FHA, VA, Conventional
  • Disclosures: As Is, City Inspection Record Search Only, Owner Has R.E. License, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $76,083
  • Net Operating Income: $68,186.00
  • Gross Income: $85,233
  • Cap Rate: 5.40%
  • Gross Rent Multiplier: $11.00
  • Owner Pays: Gardener, Other
  • Total Annual Expense: 9150
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Lot Size Square Feet: 4125
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Gated, Side By Side
  • Total Parking: 3
  • Parking Features: Gated, Side by Side
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Breakfast Area, Dining Room, Living Room
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling: None
  • Cooling Type: None
  • Heating: Floor Furnace, Natural Gas, Wall Furnace
  • Heating Type: Floor Furnace, Natural Gas, Wall
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Equipment: Ceiling Fan, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • Roof: Composition, Shingle
  • Sprinklers: Drip System
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-30-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,074.80
  • Unit Actual Rent: $2,074.80
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,028.00
  • Unit Actual Rent: $2,028.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,074.80
  • Unit Actual Rent: $2,074.80
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for 4080 Leimert Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4080 Leimert Boulevard

Taxable ValueLand$904,012Additions$183,955Total$1,087,967
Tax Record2023$13,462 ($1,122 / month)
Home Facts
Total Finished SqFt2,164 SqFtAbove Grade Finished SqFt2,164 SqFtLot Size4,125 SqFtStyleTriplexYear Built1944ZoningLAR3CountyLOS ANGELESAPN5023-005-021

Schools near 4080 Leimert Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Forty-Second Street Elementary School
PublicK to 5

New Heights Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4080 Leimert Boulevard is a multi-family home for sale in Los Angeles, CA 90008. This property was listed for sale on January 28, 2024 by Compass, it's currently listed at $1,265,000. It has been on the market for a total of 32 days and was last sold on March 4, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Forty-Second Street Elementary School, New Heights Charter School and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 4080 Leimert Boulevard is a 6-bed, 3-bath, 2,164 sqft multi-family home built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Cristina Warfield, DRE #01823970

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.