2019 Eight-Unit Apartment
1135 Leighton Ave, Los Angeles, CA 90037
Newly built eight-unit multifamily property with individually metered utilities and tenant-paid operating expenses.
Type:MULTI_FAMILY
Property size:
10,887 SFLot size:
0.32 AcresPrice / SF:
$201/SF- Added:
- Mar 18, 2026
- Days on Market:
- 100
- Last Refresh:
- Jun 24 at 3:59 am
Property Features for 1135 Leighton Ave
General Information
- Standard status
- Active
- Size
- 10,887 SF
- Lot size
- 0.32 Acres
- Property subtype
- MULTI_FAMILY
Building Details
- Year Built
- 2018
Listing office Compass
Listing date Mar 18, 2026
Source Milsteinestates
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 Compass
HighLights
- Newly built 8‑unit multifamily property constructed in 2019 with approximately 10,887 SF of rentable building area
- Two‑parcel site totaling approximately 13,776 SF; zoned RD1.5‑1‑CPIO
- All units are 3‑bedroom, 3‑bath with individual gas and electric meters
- Each unit includes a tankless water heater and tenants pay water, trash, gas, and electricity
- Located in a federally designated Qualified Opportunity Zone (QOZ)
- Subject to the Los Angeles Rent Stabilization Ordinance (LARSO); sale includes 1135 Leighton Avenue with 3944 South Budlong Avenue
Overview
1135 Leighton Avenue is an eight-unit apartment building constructed in 2019, totaling approximately 10,887 rentable square feet across two parcels totaling approximately 13,776 square feet. The property is zoned RD1.5-1-CPIO and is within a federally designated Qualified Opportunity Zone (QOZ). Each of the eight units is a three-bedroom, three-bath layout and includes an individually metered gas and electricity setup, along with a tankless water heater. Tenants are responsible for water, trash, gas, and electricity expenses, helping keep ownership utility obligations minimal. The property is subject to the Los Angeles Rent Stabilization Ordinance (LARSO).
This offering is for sale in conjunction with 3944 South Budlong Avenue, and both properties must be sold together.
With a total of eight modern residences, the building is suited for buyers seeking a small, operationally straightforward multifamily asset with clear unit-level metering and resident-paid utilities. The combination of recent construction, QOZ designation, and LARSO applicability provides important planning considerations for long-term operations in the Exposition Park area of Los Angeles.
This offering is for sale in conjunction with 3944 South Budlong Avenue, and both properties must be sold together.
With a total of eight modern residences, the building is suited for buyers seeking a small, operationally straightforward multifamily asset with clear unit-level metering and resident-paid utilities. The combination of recent construction, QOZ designation, and LARSO applicability provides important planning considerations for long-term operations in the Exposition Park area of Los Angeles.
Local Financial Insights For Apartment 5plus
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 | $296.0k | $27.19 |
| − Vacancy | −$2.1k | −$0.19 |
| EGI | $293.9k | $27.00 |
| − OpEx | −$132.3k | −$12.15 |
| NOI | $161.7k | $14.85 |
10,887 SF · lease $27.19/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.02M – $2.69M
NOI $161,670 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.27M
$3.73M – $4.98M
NOI $298,615 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.29543
- Latitude
- 34.01333
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Newly built eight-unit multifamily property with individually metered utilities and tenant-paid operating expenses.
Where is this apartment building located?
The property is located at 1135 Leighton Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,197,500.
What are key features of this property?
This property features: Newly built 8‑unit multifamily property constructed in 2019 with approximately 10,887 SF of rentable building area; Two‑parcel site totaling approximately 13,776 SF; zoned RD1.5‑1‑CPIO; All units are 3‑bedroom, 3‑bath with individual gas and electric meters
