Los Angeles, CA 90008
$1,895,000
Mark Quesada
Broker / Owner
DRE #02101365
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.
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$13,986/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Interior
Construction
Lot & parking
$1,306,000
Median sale price
53 days
Avg days on market
98.2% of list
Sells for
Closed sales in 90008 over the last 6 months, all home types.
Listed by Kaela Whelan, Compass
MLS# 26756773 · Active
Actual closed sales from the MLS — not estimates.
History reflects records reported to the MLS and may be incomplete.
