8-Unit Apartment
1135 Leighton Ave, Los Angeles, CA 90037
For Sale
New
$3,595,000
Two parcels contain contemporary three-bedroom, three-bath residences with individual gas and electric meters.
Property Size10,887 SF
Lot Size0.32 Acres
Days on Market5
Property Features for 1135 Leighton Ave
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Opportunity Zone
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
John Swartz · License CA #01873487
(310) 779-9929
Source:
Milsteinestates
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:16PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering comprises two apartment properties that must be acquired together. Built in 2019, the buildings contain eight apartments, each configured with three bedrooms and three bathrooms. Combined rentable area is approximately 10,887 square feet across two parcels totaling approximately 13,776 square feet. Each residence has a tankless water heater and separate gas and electric meters. The property is subject to the Los Angeles Rent Stabilization Ordinance, and tenants pay water, trash, gas, and electricity costs.
The properties are in Los Angeles’ Exposition Park neighborhood, near USC, USC Village, the California Science Center, Exposition Park museums, and BMO Stadium. I-110 and I-10 access and the Metro E Line provide connections to Downtown Los Angeles and the Westside. Zoning is RD1.5-1-CPIO, and the site is within a federally designated Qualified Opportunity Zone.
The properties are in Los Angeles’ Exposition Park neighborhood, near USC, USC Village, the California Science Center, Exposition Park museums, and BMO Stadium. I-110 and I-10 access and the Metro E Line provide connections to Downtown Los Angeles and the Westside. Zoning is RD1.5-1-CPIO, and the site is within a federally designated Qualified Opportunity Zone.
Key Highlights
- Eight apartments, each with three bedrooms and three bathrooms
- Combined rentable building area of approximately 10,887 square feet on two parcels totaling approximately 13,776 square feet
- Buildings constructed in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,670
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,233,400
$3.2M
Cap Rate 7%
$2,309,571
$2.3M
Cap Rate 9%
$1,796,333
$1.8M
Market Conditions
NOI Build-Up for 10,887 SF
Gross rent
$296.0K $27.19/SF
− Vacancy
−$2.1K −$0.19/SF
EGI
$293.9K $27.00/SF
− OpEx
−$132.3K −$12.15/SF
NOI
$161.7K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,233,400
Cap Rate 7%
$2,309,571
Cap Rate 9%
$1,796,333
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.02M – $2.69M
NOI $161,670 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.27M
$3.73M – $4.98M
NOI $298,615 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two parcels contain contemporary three-bedroom, three-bath residences with individual gas and electric meters.
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 $3,595,000.
What are key features of this property?
This property features: Eight apartments, each with three bedrooms and three bathrooms; Combined rentable building area of approximately 10,887 square feet on two parcels totaling approximately 13,776 square feet; Buildings constructed in 2019
