Los Angeles, CA 90018 2443 Obama Boulevard
$1,100,000
11 more
Presented By: Tisha Greene with LA Vision Properties, Inc.;
Beds • 6
Baths • 4
SQFT • 3,046
Year Built • 1958
Home Details
This Leimert Park 4-plex is a solid investment with stable tenants & healthy upside on rental income. The building is also poised for steady appreciation perched on the Obama Blvd. corridor within walking distance of the Crenshaw/Expo METRO station, related area redevelopment and is further flanked by $1M+ single family homes in both the historic Jefferson Park & Leimert Park neighborhoods. Don't miss this rare opportunity to purchase a competitively priced, well-maintained multifamily property for only $275,000 per unit & $361/SF in the heart of Los Angeles at an actual 4.5% Cap Rate with much higher returns as units turn over (i.e. pro forma - 8.35% Cap Rate & 10.07GRM). Owner expenses are low since units are separately metered for gas & electricity. Owner pays water, trash and gardening. Make offer subject to inspection.
Presented By: Tisha Greene with LA Vision Properties, Inc.;
Interior Features for 2443 Obama Boulevard
Bedrooms
Total Bedrooms6
Bathrooms
Half Baths0
Total Baths4
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet, Wood
Heating Y/NYes
Interior AmenitiesCeilingFans
Total Stories2
General for 2443 Obama Boulevard
Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Cap Rate4.5
Carport Spaces0.0
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsJust west of Arlington Ave. on north side of Obama Blvd. between Dublin Ave. & Sutro Ave.
Electric On Property Y/NNo
Full Baths
Garage Spaces0.0
Garage Y/NNo
Gross Income65587.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet4479.0
Lot Size UnitsSquareFeet
MLS AreaPHHT - Park Hills Heights
MobileHomeRemainsYNNo
Net Operating Income49522.65
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces4.0
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Year Built1958
ZoningLARD2
Exterior for 2443 Obama Boulevard
Building Area Total3046.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1028
Lot Size Area4479.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesPrivate
Private PoolNo
SpaNo
Total Parking4.0
WaterfrontY/NNo
Additional Details
Price History
Alexandra Eston
Sales Associate
