3301 Obama, Los Angeles, CA 90018
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
3301 Obama,Los Angeles, CA 90018
$2,025,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: robert stepp, todd hawke
Office: keller williams realty downey562-334-1500
MLS#:PW25276031
Source:CRMLS
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Price summary
- Price:$2,025,000
About this home
3301 Obama Blvd is a highly desirable turnkey multifamily opportunity in one of Los Angeles’ most dynamic and rapidly evolving submarkets—Leimert Park. NEW BUILD 2025! The six-unit property benefits from its prime location amid significant neighborhood reinvestment, cultural resurgence, and expanding transit connectivity. The offering features an attractive mix of spacious one-, two-, and three-bedroom floor plans, appealing to a wide renter base and supporting durable occupancy. demand. Five new construction units are exempt from rent control, while the original single-family dwelling has
been completely renovated, delivering a compelling mix of modern design, stability, and operational upside. Building systems and utility structures further enhance the long-term performance. Individually metered utilities, MiniSplit systems, and dedicated water heaters reduce owner costs and improve tenant retention, while solar panels on the rear duplix provide additional efficiency and sustainability benefits. Newly completed exterior upgrades include thoughtfully designed and low maintenance landscaping with modern pavers and drought-tolerant native plantings, enhancing both aesthetic appeal and curb presence. Strategically located just a 6-minute walk from the Metro E-Line—linking Santa Monica and Downtown Los Angeles—and the Crenshaw Line providing direct access to LAX, the property offers exceptional transit access and lifestyle convenience. Offered at a competitive 7.30% cap rate and 9.82 GRM on existing rents, 3301 Obama Blvd provides an exceptional opportunity to acquire a turnkey asset with income certainty and long-term upside within one of Los Angeles’ most closely watched growth corridors....
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Home facts
- Year built:1944
- Listing ID #:PW25276031
- Added:130 day(s) ago
- Updated:April 25, 2026 at 06:56 AM
Structure and exterior
- Year built:1944
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,025,000
Features and amenities
- Laundry features:Inside
Parking
- Total parking spaces:2
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