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3301 Obama
Los Angeles CA 90018 US

$2,100,000

Active Listing ID PW25276031
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9 bed
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5.00 Bath (5 Full)
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Lot: 6,724.00 Square Feet
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Other

$2,100,000

Active Listing ID PW25276031
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3301 Obama 3301 Obama Blvd is a highly desirable turnkey multifamily opportunity in one of Los Angeles’ most dynamic and rapidly evolving submarkets—Leimert Park. 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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Property Features

  • Facts
  • Lot Size: 6,724.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 5
  • Exterior Finish: Community Features Included: Sidewalks, 6-10 Units/Acre

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2100000
  • unparsedaddress: 3301 Obama
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90018
  • bathroomsfull: 5
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.154361799816345
  • lotsizeunits: Square Feet
  • lotsizearea: 6724
  • livingarea: 5195
  • livingareaunits: Square Feet
  • listagentfullname: Robert Stepp
  • listagentemail: rstepp@steppcommercial.com
  • listagentkey: 3yd-MRMLSCA-PSTEPROB
  • listagentmlsid: PSTEPROB
  • listagentpreferredphone: 3104632916
  • listagentofficephone: 5623341500
  • listofficekey: 3yd-MRMLSCA-PB18067
  • listagentstatelicense: 01456379
  • listofficemlsid: PB18067
  • disclaimer: Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1944
  • listingcontractdate: 2025-12-15
  • listagenturl: http://www.steppcommercial.com
  • countyorparish: Los Angeles
  • parcelnumber: 5044001013
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 2
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Community Features Included: Sidewalks, 6-10 Units/Acre
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Realty SELA", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"rstepp@steppcommercial.com", "ListBrokerageCity":"Downey", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw561@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/fcb2721111ea11e4868a22000b2b8d6f/20230208220705751.png", "ListBrokerageName":"Keller Williams Realty SELA", "ListBrokeragePhone":"(562) 334-1511", "ListBrokeragePostalCode":"90241", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Suite 100", "ListBrokerageUnparsedAddress":"8255 Firestone Blvd", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"8255 Firestone Blvd., #100", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"OCBONIEDW", "ListOfficeCity":"Downey", "ListOfficeCountry":"US", "ListOfficeEmail":"edbonilla.broker@gmail.com", "ListOfficePostalCode":"90241", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial/Residential - Los Angeles, CA", "ListingURL":"https://listings.listhub.net/pages/MRMLSCA/PW25276031/?channel=rexren", "MLSModificationTimestamp":"2025-12-15T15:50:35Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Commercial/Residential", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/16/2025 1:35:36 AM GMT
Source Updated Date: 12/17/2025 7:09:56 AM GMT

Courtesy of: Robert Stepp, Keller Williams Realty Downey, rstepp@steppcommercial.com

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.