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Leimert Park Apartments 4261 Leimert Blvd 12 Unit Apartment Building $3,100,000 ($258,333/Unit) 6.04% Cap Rate Los Angeles, CA 90008
Investment Highlights
- Excellent Value Add Opportunity | 6 Units Currently Vacant
- Timeless Architecture with a mix of authentic hardwood, enhanced natural light, high ceilings and much more
- Large Units Averaging over 1k Sq Ft each
- Prime pocket of Leimert Park
Executive Summary
The Stiegler | Takahashi Group is proud to present 4261 Leimert Boulevard, an exceptional 12-unit multifamily value-add investment opportunity located in a prime pocket of Leimert Park. The property offers a rare opportunity for an investor to acquire an apartment building with all eight units currently vacant, providing immediate flexibility to reposition the asset and capture significant rental upside. The spacious units average over 1,000 square feet each and feature timeless architectural details including authentic hardwood floors, high ceilings, enhanced natural light, and generously proportioned floor plans. The property’s desirable Leimert Park location provides convenient access to neighborhood amenities, major employment centers, and transportation corridors, supporting strong long-term rental demand. 4261 Leimert Boulevard offers investors a compelling combination of immediate value-add potential, substantial rental upside, spacious units, and a premier Los Angeles location.
Property Facts
| Price | $3,100,000 | Apartment Style | Garden |
| Price Per Unit | $258,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 6.04% | Building Size | 12,348 SF |
| Gross Rent Multiplier | 10.69 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1929 |
| Property Type | Multifamily | Parking Ratio | 1.62/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $3,100,000 |
| Price Per Unit | $258,333 |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| Gross Rent Multiplier | 10.69 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 12,348 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,760 | 1,000 |
| 2+1 | 2 | $3,000 | 1,174 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5024-020-017 | Improvements Assessment | $542,346 |
| Land Assessment | $193,802 | Total Assessment | $736,148 |
Property Taxes
Parcel Number
5024-020-017
Land Assessment
$193,802
Improvements Assessment
$542,346
Total Assessment
$736,148
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