Skip To Content
    Return to Previous Page

    1101 Leighton Ave

    Los Angeles, CA 90037
    • $1,500,000
    • STATUS: Active
    • ON SITE: 71 days
    • ID#: 20-635160
    UPDATED: 25 min ago
    $1,500,000
    • 11
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,344
      SQFT
    • $345
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1942
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this four (4) unit multifamily investment offering, located in the City of Los Angeles. The subject property is constructed of wood frame and stucco, built in 1942, with approximately 4,344 rentable square feet on a 6,750 square foot lot. The asset is comprised of a two-story structure, with a unit mix consisting of one (1) 4+4 unit, one (1) 3+2 unit, one (1) 2+2 unit, and one (1) 2+1 unit. Recent upgrades to the property include new exterior paint, updated copper plumbing, and all four (4) units were recently remodeled/ renovated within the last year with hardwood floors, new tile, new cabinetry and granite counter-tops. The investment is a current stabilized 7.2% Cap Rate. Excellent cash flow, and well positioned about 1 block away from the Coliseum. Garage conversation ADU potential as well for additional income.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-30T18:42:59.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/110203451
    Print Image

    1101 Leighton Ave Los Angeles, CA 90037

    • Price: $1,500,000
    • Status: Active
    • Updated: 25 min ago
    • ID#: 20-635160
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,344
    SQFT
    $345
    $/SQFT
    1942
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property Description
    We are pleased to offer for sale this four (4) unit multifamily investment offering, located in the City of Los Angeles. The subject property is constructed of wood frame and stucco, built in 1942, with approximately 4,344 rentable square feet on a 6,750 square foot lot. The asset is comprised of a two-story structure, with a unit mix consisting of one (1) 4+4 unit, one (1) 3+2 unit, one (1) 2+2 unit, and one (1) 2+1 unit. Recent upgrades to the property include new exterior paint, updated copper plumbing, and all four (4) units were recently remodeled/ renovated within the last year with hardwood floors, new tile, new cabinetry and granite counter-tops. The investment is a current stabilized 7.2% Cap Rate. Excellent cash flow, and well positioned about 1 block away from the Coliseum. Garage conversation ADU potential as well for additional income.
    Exterior Features

    Lot Size Area 6750 Other Structures Other Parking Garage Direct Entrance Total Parking 8

    Interior Features

    Baths Total 9.00 Cooling Air Conditioning Equipment None Heating None

    Property Features

    Assessed Total Value 730000 Gross Income 143280 Gross Operating Income 140414 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 107683.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Vendor Enhanced Total Annual Expense 32731 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Davis Saadian DRE#01921748 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-30T18:42:59.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-635160-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-635160-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-635160-2.jpg
    Logo
    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211