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Stacey Alysson Melman

4089 Leimert BL
Los Angeles, CA, 90008
$1,895,000
8 Beds
8 Baths
5,134 SqFt
0.14 Acres
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MLS #26756773 image #0
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.
AGENT: Kaela Whelan
LISTING BROKERAGE: Compass
4089 Leimert BL
Los Angeles, CA

Property Details

Price:
$1,895,000
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

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