Back to Search

1072 Leonard Ave, East Los Angeles, CA 90022

View on Map

For Sale

Contact for pricing

Apartment buildings

Type:Multifamily

Property size:

4,861 SF

Lot size:

0.16 Acres

Price / SF:

$242/SF

HighLights

Approved plans for (2) 1‑Bed/1‑Bath ADUs allow for immediate construction and increased income potential.
Projected 8.18% Cap Rate after ADU construction, factoring in construction costs.
Desirable unit mix: (1) Studio, (4) 1‑bedroom/1‑bath units, and (1) 2‑bedroom/1‑bath unit.
Currently operating at a 6.47% cap rate and 9.64 GRM, providing stable in‑place income.
Large 7,007 square foot lot in a desirable location in the heart of East Los Angeles.
Close proximity to the train line stop, Hollenbeck Park, restaurants, bars and nightlife.

We can help!

Contact an agent

Aaron Jacobson

Learn more

For Sale

Contact for pricing

Apartment buildings

Type:Multifamily

Property size:

4,861 SF

Lot size:

0.16 Acres

Price / SF:

$242/SF

Added:: Mar 11, 2026
Days on Market:: 108
Last Refresh:: Mar 19 at 10:45 pm

Property Features for 1072 Leonard Ave

General Information

Standard status: Active
Size: 4,861 SF
Lot size: 0.16 Acres
Property subtype: Multifamily

Building Details

Year Built: 1930

We can help!

Contact an agent

Aaron Jacobson

Listing office Lyon Stahl Investment Real Estate

Listing date Mar 11, 2026

Source Crexi

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 Lyon Stahl Investment Real Estate

HighLights

Approved plans for (2) 1‑Bed/1‑Bath ADUs allow for immediate construction and increased income potential.
Projected 8.18% Cap Rate after ADU construction, factoring in construction costs.
Desirable unit mix: (1) Studio, (4) 1‑bedroom/1‑bath units, and (1) 2‑bedroom/1‑bath unit.
Currently operating at a 6.47% cap rate and 9.64 GRM, providing stable in‑place income.
Large 7,007 square foot lot in a desirable location in the heart of East Los Angeles.
Close proximity to the train line stop, Hollenbeck Park, restaurants, bars and nightlife.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$186.1k	$38.28
− Vacancy	−$1.3k	−$0.27
EGI	$184.8k	$38.01
− OpEx	−$83.1k	−$17.11
NOI	$101.6k	$20.91

4,861 SF · lease $38.28/SF/yr · vacancy 0.70% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,627 @ 7.0% cap · market cap 8.61%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.98M

$1.73M – $2.31M (±1% cap)

NOI $138,638 @ 7.0% cap · market cap 11.75%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: East Los Angeles
County: Los Angeles
State: California
Longitude: -118.157
Latitude: 34.0246

Nearby Similar for Sale

$790,000

3,306 SF

Mixed-Use Building with Street Retail

Built in 1907, this mixed-use property offers a conversion path to residential units plus two street-front retail spaces.

3583 E 1st St, East Los Angeles, CA 90063

View Details
$995,000

2,755 SF

Automotive Repair Shop Facility

Automotive repair setup with multiple hydraulic-lift bays, roll-up doors, and yard parking for service operations.

1244 S Atlantic, East Los Angeles, CA 90022

View Details
$745,000

1,440 SF

East Los Angeles Duplex For Sale

Duplex in East Los Angeles with two separate homes.

1020 S Mcbride, East Los Angeles, CA 90022

View Details
$945,000

3,566 SF

East Los Angeles Multifamily Investment

Six-unit property on a large lot with value-add potential.

459 S Sydney Drive, East Los Angeles, CA 90022

View Details
$975,000

3,709 SF

Renovated Victorian Office Building

Freestanding, fully renovated Victorian-style building suited for office, medical, creative, or owner-user use with flexible tenant configuration.

1255 South Atlantic Boulevard, East Los Angeles, CA 90022

View Details
$1,150,000

3,720 SF

East Los Angeles Triplex Investment

Fully leased triplex near freeways, universities, and Downtown LA.

3844 Whiteside Street, East Los Angeles, CA 90063

View Details
$699,000

1,553 SF

Detached-Unit Triplex Investment

Three detached units with mixed beds and baths, near amenities and freeway access, offering a straightforward income-focused setup.

606 S Kern Avenue, East Los Angeles, CA 90022

View Details
$1,000,000

3,108 SF

East Los Angeles Mixed-Use Property

Mixed-use property with retail and residential units in East Los Angeles.

5609 E Beverly Blvd 3, East Los Angeles, CA 90022

View Details
$500,000

1,250 SF

Medical Office in East Los Angeles

Well-maintained medical office space in a high-traffic location.

6513 Whittier Blvd, East Los Angeles, CA 90022

View Details
$745,000

Two-Unit Duplex Income Property

Each unit offers separate parking, in-unit laundry, and individual utility meters for practical rental management.

1020 S Mcbride Ave, East Los Angeles, CA 90022

View Details
$1,695,000

7,904 SF

East Los Angeles Office Building

7,904 SF office building in a high-traffic location.

920 S Atlantic Blvd, East Los Angeles, CA 90022

View Details
$1,000,000

3,108 SF

East Los Angeles Triplex Opportunity

Triplex in East Los Angeles with commercial potential.

5609 E Beverly Boulevard, East Los Angeles, CA 90022

View Details

For sale
Apartment buildings
CA
East Los Angeles
90022
1072 Leonard Ave

Where is this apartment building located?

The property is located at 1072 Leonard Ave East Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,180,000.

What are key features of this property?

This property features: Approved plans for (2) 1‑Bed/1‑Bath ADUs allow for immediate construction and increased income potential.; Projected 8.18% Cap Rate after ADU construction, factoring in construction costs.; Desirable unit mix: (1) Studio, (4) 1‑bedroom/1‑bath units, and (1) 2‑bedroom/1‑bath unit.