Multi-Family for sale in Southern California — $1,895,000. 8 beds · 8 baths · 5,134 sqft. Well-maintained 8-unit multifamily property in the heart of Leimert Park, one of LA's most vibrant and evolving neighborhoods. The property offers a strong 6.5% cap rate with solid in-place income and clear upside pot…
$1,895,000
4089 Leimert Boulevard, Los Angeles, CA 90008
Well-maintained 8-unit multifamily property in the heart of Leimert Park, one of LA's most vibrant and evolving neighborhoods. The property offers a strong 6.5% cap rate with solid in-place income and clear upside potential. The property features five renovated units with updated interiors, providing immediate rental premiums, while three units remain in classic condition, presenting a clear value-add opportunity for increased rents and long-term growth. Located just moments from Leimert Park Village, the Metro K Line, and major employment hubs including Downtown LA, Culver City, and USC. The area continues to see strong rental demand and ongoing neighborhood investment. The property also includes four garages (two 2-car and two 1-car), which can be delivered vacant. These offer flexibility for additional income or excellent ADU potential. Ideal for investors looking for a balance of current cash flow and long-term growth in a central Los Angeles location.
Listing updated: June 15, 2026 at 2:54 PM
Listed by: Kaela Whelan, Compass
Source: CRMLS, MLS#: 26756773, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/11/2026 Source: CRMLS, #26756773 | Price change | $1,895,000$369/sqft-5.0% |
| 4/20/2026Source: CRMLS, #26756773 | Listed for sale | $1,995,000$389/sqft |
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