$1,180,000
SOLD MAR 11, 2025
4 Beds
4 Baths
2,494 Sq Ft
4,800 Sq Ft Lot

Recently Sold

$473 Per Sq Ft

16 Days on Market

Highlights

  • Traditional Architecture
  • 3 Car Garage
  • Air Conditioning

About This Home

As of March 2025

Stunning 3-Unit building in the heart of iconic Leimert Park, Los Angeles! This property is perfect for homeowners and investors. Features, Owner's unit, beautifully remodeled 2-bedroom, 1.5-bath upstairs unit, with private deck, move-in ready or an ideal high-rent option. Two, 1 Bedroom , 1 bathroom units on the first floor. Both units are tenant-occupied, providing consistent rental income for immediate cash flow. Modern updates, open spaces, stove and refrigerator, and abundant natural light are included in all the units. There is a coin-operated washer and dryer conveniently located on-site for tenant use. Private entrances and On-Site Parking with one car garage per unit, ensuring privacy and ease for all occupants. This culturally rich and thriving neighborhood offers tree-lined streets, historic charm, and is in close proximity to restaurants, shopping, parks, Downtown LA, USC, 10 fwy, 110fwy and major transit hubs. Whether you are looking to live in one unit and rent out the others or maximize returns as a full rental property, this building is a rare find with a prime Los Angeles location. Buyer is advised to independently verify the accuracy of all information provided through personal inspection and with appropriate professionals. Figures are calculated from up to December 1,2024.

Last Agent to Sell the Property

Tierra Malcolm

b.smth Real Estate Group License #02125029 Listed on: 01/27/2025

Co-Listed By

Barrington Malcolm

Equity Union License #02029377

Last Buyer's Agent

Andrew Tyree

eXp Realty of Greater Los Angeles License #02130570

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 4,800 Sq Ft Lot

Parking

  • 3 Car Garage
  • On-Street Parking

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,494 Sq Ft Home
  • 2-Story Property
  • Oven or Range
  • Washer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5023-001-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2494
  • Lot Acreage: 0.1102
  • Stories: 2
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven, Refrigerator, Washer, Gas Dryer Hookup
  • Price Per S Q F T: 473.14

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 3
  • Parking Garage: On street, Garage Is Detached
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 23.08
  • Assessed Improvement Value: 164045
  • Assessed Land Percent: 76.92
  • Assessed Land Value: 546820
  • Total Assessed Value: 710865
  • Assessor Parcel Number: 5023-001-004
  • Lot Size Area: 4800

Rental Info

  • Owner Pays: Gardener, Water

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.15
  • Number Of Units: 3
  • Type Of Units: 3 units

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2025
Closed on
Mar 6, 2025
Sold by
2540 West Blvd Llc
Bought by
Bayoh Fanta M and Bayoh Samuel Martha
Seller's Agent
Tierra Malcolm
b.smth Real Estate Group
Buyer's Agent
Andrew Tyree
eXp Realty of Greater Los Angeles
List Price
$1,180,000
Sold Price
$1,180,000
Views
8
Current Estimated Value
$1,118,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$61,981
Avg. Annual Appreciation
-5.70%
Original Mortgage
$780,000
Outstanding Balance
$773,385
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$344,634

Purchase Details

Closed on
Feb 8, 2019
Sold by
Malcolm Barrington
Bought by
2540 Wes Blvd Llc

Purchase Details

Closed on
Dec 18, 2018
Sold by
2540 West Blvd Llc
Bought by
Malcollm Barrington

Purchase Details

Listed on
Aug 7, 2018
Closed on
Aug 28, 2018
Sold by
Hammond Christine I
Bought by
2540 West Blvd Llc
Seller's Agent
Eduardo Morales
Big Block Powerhouse Realty
Buyer's Agent
Shelley Brown
b.smth Real Estate Group
List Price
$625,000
Sold Price
$650,000
Premium/Discount to List
$25,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.56%
Original Mortgage
$450,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,180,000 Fidelity National Title
Quit Claim Deed -- Accommodation
Quit Claim Deed -- Wfg Title Company
Grant Deed $650,000 Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $780,000 New Conventional
Previous Owner $450,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2025 03/11/25 Sold $1,180,000 0.0% $473 / Sq Ft
02/12/2025 02/12/25 Pending -- -- --
01/27/2025 01/27/25 For Sale $1,180,000 0.0% $473 / Sq Ft
10/24/2020 10/24/20 Rented $1,795 0.0% --
09/30/2020 09/30/20 Price Changed $1,795 -3.0% $2 / Sq Ft
08/25/2020 08/25/20 For Rent $1,850 0.0% --
08/23/2019 08/23/19 Rented $1,850 0.0% --
08/03/2019 08/03/19 For Rent $1,850 -24.5% --
07/19/2019 07/19/19 Rented $2,450 0.0% --
06/28/2019 06/28/19 For Rent $2,450 0.0% --
09/04/2018 09/04/18 Sold $650,000 +4.0% $261 / Sq Ft View Prior Sale
08/16/2018 08/16/18 Pending -- -- --
08/07/2018 08/07/18 For Sale $625,000 -- $251 / Sq Ft
Source: The MLS

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 $8,941 $725,081 $557,756 $167,325
2024 $8,941 $710,865 $546,820 $164,045
2023 $8,775 $696,928 $536,099 $160,829
2022 $8,378 $683,264 $525,588 $157,676
2021 $8,265 $669,868 $515,283 $154,585
2019 $8,022 $650,000 $500,000 $150,000
2018 $1,260 $79,238 $36,171 $43,067
2016 $1,183 $76,163 $34,767 $41,396
2015 $1,169 $75,020 $34,245 $40,775
2014 $1,196 $73,552 $33,575 $39,977
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25-490335

The MLS

APN: 5023-001-004