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    1101 Leighton Avenue

    Los Angeles (City), CA 90037
    • $1,500,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: 20635160
    $1,500,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-22T00:28:43.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110204027
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    1101 Leighton Avenue Los Angeles (City), CA 90037

    • Price: $1,500,000
    • Status: Active
    • ID#: 20635160
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1942
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - 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 Units Square Feet Parking Features Direct Garage Access Parking YN Yes

    Interior Features

    Heating None Heating YN No

    Property Features

    Country Us Gross Income 143280.00 Gross Multiplier 10.47 Gross Operating Income 140414.00 Net Operating Income 107683.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 32731.00 Zoning Lard1.5

    Listing provided courtesy of Davis Saadian of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-22T00:28:43.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003