2443 Obama Blvd Los Angeles, CA 90018
Leimert Park NeighborhoodEstimated payment $7,018/month
Total Views
3,154
6
Beds
4
Baths
3,046
Sq Ft
$361
Price per Sq Ft
Highlights
- Property is near public transit
- Wood Flooring
- Ceiling Fan
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,431
Year Built
- Built in 1958
Interior Spaces
- 3,046 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Oven or Range
Flooring
- Wood
- Carpet
- Linoleum
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Private Parking
Location
- Property is near public transit
- City Lot
Additional Features
- 4,479 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Assessor Parcel Number 5044-021-019
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- Vacancy Allowance $1,968
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,431 | $1,012,662 | $796,478 | $216,184 |
| 2024 | $12,431 | $992,807 | $780,861 | $211,946 |
| 2023 | $12,198 | $973,341 | $765,550 | $207,791 |
| 2022 | $11,644 | $954,257 | $750,540 | $203,717 |
| 2021 | $11,490 | $935,547 | $735,824 | $199,723 |
| 2019 | $11,152 | $907,800 | $714,000 | $193,800 |
| 2018 | $10,036 | $804,691 | $660,572 | $144,119 |
| 2016 | $8,411 | $675,000 | $540,000 | $135,000 |
| 2015 | $7,637 | $610,000 | $488,000 | $122,000 |
| 2014 | $6,491 | $500,000 | $400,000 | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | For Sale | $1,100,000 | -- | $361 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $890,000 | None Available | |
| Interfamily Deed Transfer | -- | Alliance Title Company | |
| Grant Deed | $670,000 | Fidelity Van Nuys | |
| Grant Deed | $235,000 | Fidelity National Title Co | |
| Trustee Deed | $305,789 | Fidelity Title | |
| Grant Deed | $289,000 | California Counties Title Co | |
| Interfamily Deed Transfer | -- | Gateway Title | |
| Grant Deed | $202,909 | Gateway Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $383,000 | New Conventional | |
| Closed | $534,000 | New Conventional | |
| Previous Owner | $620,000 | New Conventional | |
| Previous Owner | $536,000 | Negative Amortization | |
| Previous Owner | $380,000 | Unknown | |
| Previous Owner | $234,500 | Unknown | |
| Previous Owner | $187,900 | No Value Available | |
| Previous Owner | $286,637 | FHA | |
| Previous Owner | $148,400 | No Value Available | |
| Closed | $11,700 | No Value Available |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: The MLS
MLS Number: 25543991
APN: 5044-021-019
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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