$1,895,000
-$100,0004089 Leimert Boulevard, Los Angeles CA 90008
Multi-Family (8 Units)
Property type
56 days
On market
$369
Price per sqft
N/A
Garage
1940
Year built
6,188 sqft
Lot size
Home highlights
Open Houses
Overview
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,...
Listing provided by: Kaela Whelan DRE #01965737 310-526-1259, Compass
Listing updated: Jun 15, 2026 at 09:54pm.
Last checked: Jun 15, 2026 at 10:30pm
Source: CRMLS #26756773
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,600 | $2,600 | $2,850 | Unfurnished |
| 1 | 0 | 1 | — | $829 | $829 | $2,000 | Unfurnished |
| 1 | 1 | 1 | — | $1,220 | $1,220 | $2,300 | Unfurnished |
| 1 | 1 | 1 | — | $1,895 | $1,895 | $2,300 | Unfurnished |
| 1 | 2 | 1 | — | $2,750 | $2,750 | $2,850 | Unfurnished |
| 1 | 0 | 1 | — | $1,995 | $1,995 | $2,000 | Unfurnished |
| 1 | 1 | 1 | — | $2,100 | $2,100 | $2,300 | Unfurnished |
| 1 | 1 | 1 | — | $1,213 | $1,213 | $2,300 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Disposal: 8
Refrigerator: 8
Financial Snapshot
Gross Rent Multiplier
10.8x
List Price / Annual Gross Rent
Cap Rate
6.5%
NOI / List Price
Net Operating Income: $123,654
Annual Operating Expenses
Gardener: $720
Insurance: $8,833
Maintenance: $2,750
New Taxes: $22,943
Water / Sewer: $9,872
Interior
Heating: Wall Furnace
Appliances: Disposal, Refrigerator
Exterior
Stories Total: 2
Levels: Two
Garage and Parking
Parking: Door Multi, Door Single, Garage
Parking Total: 6
Lot Information
Land Lease: No
Parcel #: 5023003019
Zoning: LAR3
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 4089 Leimert Boulevard, Los Angeles, CA 90008. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,516,000
Total Interest
$1,933,574
Total Payment
$3,449,574
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,706
per month
Property History for 4089 Leimert Boulevard
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90008.
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