8-Unit Apartment
1135 Leighton Ave, Los Angeles, CA 90037
For Sale
New
$3,595,000
Residential Income, Los Angeles, CA
Property Size10,887 SF
Lot Size0.16 Acres
Price / SF$330.21
Days on Market1
Property Features for 1135 Leighton Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Appliances
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Compass
(310) 230-5478
Listed By:
John Swartz · License CA #01873487
(310) 779-9929
Added: Nov 10
Last Checked: Nov 10 at 8:06PM
MLS# 26107060
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The offering comprises eight apartments across buildings completed in 2019, with 10,887 square feet of combined rentable area on two parcels totaling 13,776 square feet. Each apartment has three bedrooms and three bathrooms. Gas and electricity are separately metered, and each residence has a tankless water heater. Central heating and air conditioning are also listed. The property is subject to the Los Angeles Rent Stabilization Ordinance, and tenants pay water, trash, gas, and electricity expenses.
The two properties at 1135 Leighton Avenue and 3944 S Budlong Avenue are offered together and must be acquired as a single purchase. The site is in Los Angeles’ Exposition Park area, near the University of Southern California, USC Village, the California Science Center, Exposition Park museums, and BMO Stadium. Nearby transportation includes the I-110 and I-10 freeways and the Metro E Line.
The two properties at 1135 Leighton Avenue and 3944 S Budlong Avenue are offered together and must be acquired as a single purchase. The site is in Los Angeles’ Exposition Park area, near the University of Southern California, USC Village, the California Science Center, Exposition Park museums, and BMO Stadium. Nearby transportation includes the I-110 and I-10 freeways and the Metro E Line.
Key Highlights
- Eight apartments, each with 3 bedrooms and 3 bathrooms
- 10,887 square feet of combined rentable area across two parcels totaling 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.
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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
$632,600
Median Home Value
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Market
Average Price Trend$/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 - All eight residences offer three bedrooms and three bathrooms, with gas and electricity individually metered.
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 3 bedrooms and 3 bathrooms; 10,887 square feet of combined rentable area across two parcels totaling 13,776 square feet; Buildings constructed in 2019
