4286–4288 Leimert Boulevard

Daughrity Real Estate is pleased to present Leimert8, an 8-unit apartment building at 4286–4288 Leimert Boulevard in historic Leimert Park, Los Angeles. It is offered at $1,650,000, or $206,250 per unit.

Built in 1939, the two-story building sits on a 5,271 SF LAR3 lot along the diagonal boulevard that leads into Leimert Park Village. The unit mix is four one-bedroom, one-bath units of about 725 SF each and four studios. Units feature large closets, tiled kitchens and baths, and hard-surface counters. Tenants pay their own electricity and gas. The property is 100% occupied.

The opportunity is in the rents. Five long-term tenancies, some dating back to 2002, pay 39%–46% of today's market rent. Current rent totals $9,580 per month against $16,000 per month at renovated rents of $2,250 for one-bedrooms and $1,750 for studios, about 67% upside. Recent leases of $2,000 and $2,150 for renovated one-bedrooms show the market rent is achievable. Through voluntary turnover and light renovation, an investor can roughly double net operating income, from about $57,000 to $119,000.

The location sits at the center of one of Los Angeles' most dynamic reinvestment stories:

• The Leimert Park K Line station is about 0.3 mile away, connecting to the E Line, Inglewood and the LAX/Metro Transit Center.
• The restored Vision Theatre, a roughly $40 million, 729-seat performing arts center, is about 0.2 mile away.
• The Baldwin Hills Crenshaw Plaza is being redeveloped under a master plan for up to 961 homes plus retail, office and hotel space.
• A Costco-anchored community with 800 apartments is under construction nearby.
• Destination Crenshaw, a 1.3-mile open-air Black art and culture corridor, is expected to be completed in early 2028.
• SoFi Stadium is about 3.7 miles away, Intuit Dome about 4.3 miles, and LAX roughly 16 minutes by car.

Leimert Park was master-planned in the late 1920s with input from the Olmsted Brothers and is known as the cultural heart of Black Los Angeles. It combines walkable village character, jazz and arts venues, and a renter base of nearly 60% of households.

Leimert8 is well suited to 1031 exchange buyers, private investors and owner-operators who want long-term, value-add growth in a supply-constrained, transit-connected neighborhood.