3301 Obama, Los Angeles, CA 90018
Local realty services provided by:ERA North Orange County Real Estate
3301 Obama,Los Angeles, CA 90018
$2,100,000
- - Beds
- - Baths
- 5,195 sq. ft.
- Multi-family
- Active
Listed by: robert stepp, todd hawke
Office: keller williams realty downey
MLS#:PW25276031
Source:CRMLS
Price summary
- Price:$2,100,000
- Price per sq. ft.:$404.23
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:2 day(s) ago
- Updated:December 18, 2025 at 11:44 AM
Rooms and interior
- Living area:5,195 sq. ft.
Structure and exterior
- Year built:1944
- Building area:5,195 sq. ft.
- Lot area:0.15 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,100,000
- Price per sq. ft.:$404.23
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