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$ 2,197,500
Est. payment /mo
Active
1135 Leighton AVE Los Angeles, CA 90037
12 Beds
12 Baths
5,442 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,442 sqft
Price per Sqft $403
MLS Listing ID 26665177
Bedrooms 12
HOA Y/N No
Year Built 2018
Lot Size 6,865 Sqft
Property Description
1135 Leighton Avenue is being sold in conjunction with 3944 South Budlong Avenue. Both properties must be sold together. The buildings total an eight-unit multifamily investment opportunity located in the Exposition Park neighborhood of Los Angeles. Constructed in 2019, the property comprises approximately 10,887 square feet of rentable building area, situated on two parcels totaling 13,776 square feet, zoned RD1.5-1-CPIO. Notably, the property is situated within a federally designated Qualified Opportunity Zone (QOZ), which may provide meaningful tax advantages for eligible investors providing long-term operational flexibility and investment stability in a highly desirable Los Angeles submarket. The property features eight well-designed three-bedroom, three-bathroom apartment units, offering spacious layouts tailored to modern renter demand. Each unit is individually metered for gas and electricity and includes a tankless water heater, providing operational efficiency and cost control. Ownership benefits from minimal utility obligations, as tenants are responsible for water, trash, gas, and electricity expenses. The property is subject to the Los Angeles Rent Stabilization Ordinance (LARSO).Strategically located in Exposition Park, one of Los Angeles' most culturally significant and supply-constrained neighborhoods, the property benefits from strong tenant demand driven by the area's academic, cultural, and employment anchors. Residents enjoy proximity to the University of Southern California (USC), the California Science Center, the renowned museums of Exposition Park, and BMO Stadium, as well as the vibrant USC Village retail and dining corridor.The location offers excellent regional connectivity with convenient access to Downtown Los Angeles, major employment centers, and key transportation corridors, including the I-110 and I- 10 freeways, along with the Metro E Line, providing direct light rail access across the Westside and Downtown. This combination of quality construction, prime location, and strong underlying fundamentals presents investors with a compelling long-term hold opportunity in one of Southern California's most dynamic and evolving multifamily markets. For more information please review the OM in the DOCS section.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Washer
Exterior
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5037021027
Special Listing Condition Standard
Listed by John Swartz Compass #01873487
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