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$2,197,500
Est. payment /mo
3 Beds
5,442 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 5,442 sqft
Price per Sqft $403
MLS Listing ID CL26665177
Bedrooms 3
HOA Y/N No
Year Built 2018
Lot Size 6,865 Sqft
Acres 0.16
Property Sub-Type OTHER
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
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Washer
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 5037021027
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Listed by John Swartz • Compass