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4172-4180 Leimert blvd 16 Unit Apartment Building $2,900,000 ($181,250/Unit) 6.85% Cap Rate Los Angeles, CA 90008
INVESTMENT HIGHLIGHTS
- Spanish-Style Charm
- Near the Crenshaw Corridor and Leimert Park
- Excellent In-Place Income
- Located in Highly Desirable South LA Submarket
EXECUTIVE SUMMARY
We are pleased to present 4172 & 4180 Leimert Boulevard in Los Angeles, CA, a 16-unit Spanish-style apartment property offering strong in-place income and immediate cash flow. The asset consists entirely of one-bedroom, one-bathroom units and features a beautiful central courtyard. Recent capital improvements include plumbing upgrades (2021), an expansion tank upgrade (2022), and new water heaters (2022), providing a solid operational foundation. Located in the highly desirable Baldwin Village / South Los Angeles submarket near the Crenshaw Corridor and Leimert Park, the property benefits from ongoing cultural revitalization, transit accessibility, and strong rental demand—making it an ideal opportunity for investors seeking value-add potential in a growing market. For more information, please reach out.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,900,000 | Property Subtype | Apartment |
| Price Per Unit | $181,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 6.85% | Building Size | 11,280 SF |
| Gross Rent Multiplier | 9.24 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1935 |
| Property Type | Multifamily | ||
| Zoning | LAR3 - Residential | ||
| Price | $2,900,000 |
| Price Per Unit | $181,250 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| Gross Rent Multiplier | 9.24 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 11,280 SF |
| No. Stories | 2 |
| Year Built | 1935 |
| Zoning | LAR3 - Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $1,892 | 705 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,847,118 | |
| Land Assessment | $1,292,988 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $554,130 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,292,988
Improvements Assessment
$554,130
Total Assessment
$1,847,118
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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4172-4180 Leimert blvd
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