3001 Obama Blvd Los Angeles, CA 90018
Leimert Park NeighborhoodEstimated payment $7,642/month
About This Home
Investor’s Dream in Prime Los Angeles Location! Don’t miss this rare opportunity to own a 3-unit property with exceptional upside potential. One unit will be delivered vacant at the close of escrow, allowing flexibility for owner-occupancy or maximizing rental income, while the other two units are occupied by reliable long-term tenants, providing immediate and steady cash flow. One of the front units was remodeled at the end of 2004, adding even more value and appeal. A newly built stand-alone ADU is located at the rear of the main house, offering added privacy and strong rental appeal. The ADU includes its own dedicated laundry unit just outside, enhancing convenience and overall desirability for tenants. Perfectly situated in the heart of Los Angeles, this property is surrounded by some of the city’s most notable attractions. Just minutes from USC, Exposition Park, the Natural History Museum, and Banc of California Stadium, it sits in a high-demand rental market. With easy access to Culver City’s Arts District, West Adams, and the rapidly growing Mid-City corridor, this property presents an outstanding investment opportunity with long-term growth potential.
Listing Agent
Pinnacle Real Estate Group Brokerage Phone: 626-392-6811 License #01883853 Listed on: 09/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,780
Year Built
- Built in 1944
Lot Details
- 6,617 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 2,402 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Utilities
- Private Water Source
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 12244
- Assessor Parcel Number 5044011010
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Gas Meters
- Gardener Expense $160
- Trash Expense $134
- Operating Expense $294
- Gross Income $7,240
- Net Operating Income $24,127
Map
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 | $11,780 | $956,796 | $669,309 | $287,487 |
| 2024 | $11,780 | $938,036 | $656,186 | $281,850 |
| 2023 | $9,925 | $788,066 | $643,320 | $144,746 |
| 2022 | $9,477 | $772,614 | $630,706 | $141,908 |
| 2021 | $9,358 | $757,466 | $618,340 | $139,126 |
| 2019 | $1,318 | $624,770 | $562,300 | $62,470 |
| 2018 | $7,595 | $612,521 | $551,275 | $61,246 |
| 2016 | $7,261 | $588,738 | $529,869 | $58,869 |
| 2015 | $7,156 | $579,895 | $521,910 | $57,985 |
| 2014 | $7,189 | $568,537 | $511,687 | $56,850 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | For Sale | $1,250,000 | +70.1% | $520 / Sq Ft |
| 04/25/2019 04/25/19 | Sold | $735,000 | +3.5% | $430 / Sq Ft |
| 02/15/2019 02/15/19 | For Sale | $710,000 | -- | $415 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Wfg National Title | |
| Grant Deed | -- | Wfg National Title | |
| Quit Claim Deed | -- | Wfg National Title | |
| Quit Claim Deed | -- | Wfg National Title | |
| Grant Deed | $735,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Southland Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | First Southwestern Title Of | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $330,000 | Fidelity Title | |
| Grant Deed | $184,000 | Fidelity National Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $610,000 | New Conventional | |
| Closed | $610,000 | New Conventional | |
| Previous Owner | $335,000 | New Conventional | |
| Previous Owner | $335,000 | Construction | |
| Previous Owner | $16,868 | Unknown | |
| Previous Owner | $420,000 | New Conventional | |
| Previous Owner | $325,000 | Purchase Money Mortgage | |
| Previous Owner | $248,000 | Unknown | |
| Previous Owner | $182,182 | Unknown | |
| Previous Owner | $80,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS25198727
APN: 5044-011-010
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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