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% 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.
AGENT: Kaela Whelan LISTING BROKERAGE: Compass
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 4089 Leimert BL
Los Angeles, CA
Property Details
Price:
$2,075,000
MLS #:
26756773
Status:
Active
Beds:
8
Baths:
8
Type:
Single Family
Neighborhood:
phhtparkhillsheights
Listed Date:
Apr 20, 2026
Finished Sq Ft:
5,134
Total Sq Ft:
5,134
Lot Size:
6,188 sqft / 0.14 acres (approx)
Year Built:
1940
Phht – Park Hills HeightsPhhtparkhillsheights
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Schools
Interior
Appliances
GD, RF
Heating
WL
Levels
U
Exterior
Parking Spots
6
Parking Total
6
Financial
Gross Operating Income
$169,967
Maintenance Fee
$2,750
Net Operating Income
$123,654
Map
Community
- Address4089 Leimert BL Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90008
