4089 Leimert Blvd Los Angeles, CA 90008
Leimert Park NeighborhoodEstimated payment $12,181/month
About This Home
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% 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, presenting a clear value-add opportunity for increased rents and long-term growth. Located just moments from Leimert Park Village, the Metro K Line, and major employment hubs including Downtown LA, Culver City, and USC. The area continues to see strong rental demand and ongoing neighborhood investment. The property also includes four garages (two 2-car and two 1-car), which can be delivered vacant. These offer flexibility for additional income or excellent ADU potential. Ideal for investors looking for a balance of current cash flow and long-term growth in a central Los Angeles location.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Parking
- 2 Car Garage
Interior Spaces
- 5,134 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Oven or Range
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Additional Features
- 6,188 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 5023-003-019
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 | $15,075 | $1,185,791 | $780,861 | $404,930 |
| 2024 | $15,075 | $1,162,541 | $765,550 | $396,991 |
| 2023 | $14,802 | $1,139,747 | $750,540 | $389,207 |
| 2022 | $14,150 | $1,117,400 | $735,824 | $381,576 |
| 2021 | $13,959 | $1,095,492 | $721,397 | $374,095 |
| 2020 | $5,548 | $371,436 | $118,854 | $252,582 |
| 2019 | $5,368 | $364,154 | $116,524 | $247,630 |
| 2018 | $5,281 | $357,015 | $114,240 | $242,775 |
| 2016 | $4,979 | $343,153 | $109,804 | $233,349 |
| 2015 | $4,918 | $337,999 | $108,155 | $229,844 |
| 2014 | $4,988 | $331,379 | $106,037 | $225,342 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/20/2026 04/20/26 | For Sale | $2,075,000 | +93.9% | $404 / Sq Ft | |
| 10/21/2016 10/21/16 | Sold | $1,070,000 | -11.7% | $208 / Sq Ft | View Prior Sale |
| 10/03/2016 10/03/16 | Pending | -- | -- | -- | |
| 09/19/2016 09/19/16 | For Sale | $1,212,000 | 0.0% | $236 / Sq Ft | |
| 09/01/2016 09/01/16 | Pending | -- | -- | -- | |
| 08/31/2016 08/31/16 | For Sale | $1,212,000 | -- | $236 / Sq Ft |
Source: The MLS
MLS Number: 26756773
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© 2026 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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