Newly Built Four-Unit Residential
1041 W Leighton AVE Unit 4 Los Angeles, CA 90037
1041 W Leighton AVE Unit 4, Los Angeles, CA, 90037
$2,499,000
For Sale
$2,499,000
New construction four-unit property with a spacious garage and long driveway, totaling 12 bedrooms and five dens.
Property Size6,000 SF
Lot Size0.16 Acres
Price / SF$416.50
Days on Market56
Property Features for 1041 W Leighton AVE Unit 4
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 0.16 Acres
- Property subtype
- MULTI_FAMILY
Building Details
- Year Built
- 2023
Listing agency
Olsen Realty
(949) 735-7094
Listed by
Douglas Olsen · License #01928821
Source
Jademillsestates
Added: May 27 Updated: Jul 20 at 6:01PM Checked: Jul 21 at 6:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Olsen Realty
Investment Insights
Based on property information with market context.
Newly built four-unit residential income property totaling approximately 6,000 sq. ft. of living space on a 6,752 sq. ft. lot. The building contains a total of 12 bedrooms and five dens distributed across four units, offering flexible layouts for multiple households. A spacious garage is included, and the property features a long driveway.
Located in Los Angeles near the Lucas Museum (soon to open), the property is also described as being close to Exposition Park, USC, the California Science Center, Natural History Museum, LA Memorial Coliseum, and light-rail access. Nearby schools listed in the remarks include Menlo Avenue Elementary, Manual Arts Senior High, and Barack Obama Global Prep, with grocery, quick-service restaurants, and basic retail within walking distance.
Four units provide an income-producing configuration, and the setup can also work for a buyer who occupies one unit and leases the remaining units.
Located in Los Angeles near the Lucas Museum (soon to open), the property is also described as being close to Exposition Park, USC, the California Science Center, Natural History Museum, LA Memorial Coliseum, and light-rail access. Nearby schools listed in the remarks include Menlo Avenue Elementary, Manual Arts Senior High, and Barack Obama Global Prep, with grocery, quick-service restaurants, and basic retail within walking distance.
Four units provide an income-producing configuration, and the setup can also work for a buyer who occupies one unit and leases the remaining units.
Key Highlights
- Newly built 4‑unit property (Year Built 2023) with spacious garage and a long driveway.
- Layout offers 12 bedrooms plus 5 dens across the four units.
- Approximately 6,000 sq. ft. of living space on a 6,752 sq. ft. lot.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.9k | $24.48 |
| − Vacancy | −$3.7k | −$0.61 |
| EGI | $143.2k | $23.87 |
| − OpEx | −$43.0k | −$7.16 |
| NOI | $100.2k | $16.71 |
6,000 SF · lease $24.48/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $100,246 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $89,099 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,571 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - New construction four-unit property with a spacious garage and long driveway, totaling 12 bedrooms and five dens.
Where is this quadplex located?
The property is located at 1041 W Leighton AVE Unit 4 Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Newly built 4‑unit property (Year Built 2023) with spacious garage and a long driveway.; Layout offers 12 bedrooms plus 5 dens across the four units.; Approximately 6,000 sq. ft. of living space on a 6,752 sq. ft. lot.
