3301 Obama Blvd Los Angeles, CA 90018
Leimert Park NeighborhoodEstimated payment $12,595/month
About This Home
***UPDATE*** All units are fully leased! Priced to Sell! Investor's Dream – New 6-Unit in Prime LA Location! Fully redeveloped property at 3301 Obama Blvd featuring 6 units with high-quality finishes throughout. Low maintenance, strong rent potential, and modern construction in a rapidly growing neighborhood. Units include (1) 3BD/2BA, (1) 3BD/1BA, (1) 2BD/1BA, and (3) 1BD/1BA. Bonus: extra open parking on the street behind the property. Turnkey income property built to perform—ideal for investors seeking reliable cash flow from day one. A must-see opportunity!
Listing Agent
The Associates Realty Group Brokerage Phone: 937-206-0725 License #01907058 Listed on: 07/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,359
Year Built
- Built in 1944 | Newly Remodeled
Lot Details
- 6,724 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 5,195 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Parking
- 2 Parking Spaces
- Parking Available
Listing and Financial Details
- Legal Lot and Block 27 / 27
- Tax Tract Number 12244
- Assessor Parcel Number 5044001013
- $326 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 6 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $13,800
- Gross Income $214,800
- Net Operating Income $159,250
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 | $7,359 | $598,230 | $416,160 | $182,070 |
| 2024 | $7,359 | $586,500 | $408,000 | $178,500 |
| 2023 | $7,361 | $586,500 | $527,340 | $59,160 |
| 2022 | $3,140 | $248,466 | $193,953 | $54,513 |
| 2021 | $3,096 | $243,595 | $190,150 | $53,445 |
| 2019 | $3,007 | $236,371 | $184,511 | $51,860 |
| 2018 | $2,968 | $231,738 | $180,894 | $50,844 |
| 2016 | $2,837 | $222,742 | $173,871 | $48,871 |
| 2015 | $2,797 | $219,397 | $171,260 | $48,137 |
| 2014 | $2,815 | $215,101 | $167,906 | $47,195 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Price Changed | $2,249,000 | -8.2% | $433 / Sq Ft |
| 07/11/2025 07/11/25 | For Sale | $2,449,000 | +325.9% | $471 / Sq Ft |
| 02/23/2023 02/23/23 | Sold | $575,000 | -17.9% | $576 / Sq Ft |
| 01/21/2023 01/21/23 | Pending | -- | -- | -- |
| 01/12/2023 01/12/23 | For Sale | $700,000 | +21.7% | $701 / Sq Ft |
| 12/17/2022 12/17/22 | Off Market | $575,000 | -- | -- |
| 12/17/2022 12/17/22 | For Sale | $700,000 | +21.7% | $701 / Sq Ft |
| 11/21/2022 11/21/22 | Off Market | $575,000 | -- | -- |
| 11/17/2022 11/17/22 | For Sale | $700,000 | -- | $701 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Chicago Title Company | |
| Grant Deed | $575,000 | Netco Title | |
| Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | Placer Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Individual Deed | $175,000 | First American Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,437,760 | New Conventional | |
| Previous Owner | $556,205 | New Conventional | |
| Previous Owner | $1,009,500 | FHA | |
| Previous Owner | $832,500 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $544,185 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $220,000 | Purchase Money Mortgage | |
| Previous Owner | $191,930 | Unknown | |
| Previous Owner | $122,500 | No Value Available | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Closed | $52,500 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25154892
APN: 5044-001-013
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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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