Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

2

Building size

2,461 sqft

Lot size

5,855 sqft

Year built

1941

Stories

1

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

112

MLS #

243874164

About this property

**Single Family Home + Fully Permitted ADU in Leimert Park** Why pay someone else's mortgage when this property can help pay yours? This property offers a rare opportunity to own 2 homes on 1 lot in one of Los Angeles' most culturally rich and sought-after neighborhoods — Leimert Park. The main home features 3 beds, 2 baths, plus a den — expanded with a brand-new 360 sq. ft. addition that added a bedroom, bathroom, and dedicated den space. Interior upgrades include new flooring and moldings throughout, recessed lighting, ceiling fans, updated paint, and a refreshed original bathroom. Oversized bedrooms provide exceptional comfort, while block walls along most of the perimeter deliver privacy rarely found in the city. The crown jewel is the newly constructed, fully permitted 842 sq ft ADU above the 2-car garage — a true 2-bedroom, 1.5-bathroom residence with its own separate entrance and most appliances included. It's ready to generate solid rental income, dramatically offsetting monthly carrying costs from day one. Total permitted living space: 2,461 sq ft. Priced at $508/sq ft — well below the neighborhood average for properties like this. And the upside keeps growing: the Baldwin Hills Crenshaw Plaza redevelopment — a transformative mixed-use project bringing new retail, residences, hotel space, and Metro connectivity — just broke ground nearby, signaling strong long-term momentum for the area. Two homes. One price. One smart move. Call for a private tour.

Location

3892 Cherrywood Avenue

Leimert Park, Los Angeles, CA, 90008