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    1101 Leighton Ave

    Los Angeles, CA 90037
    • $1,690,000
    • STATUS: Active
    • ON SITE: 69 days
    • ID#: 20-602364
    UPDATED: 198 min ago
    $1,690,000
    • 11
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,344
      SQFT
    • $389
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1942
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this four (4) unit multifamily investment offering, located in the City of Los Angeles. The subject property is constructed of wood frame and stucco, built in 1942, with approximately 4,344 rentable square feet on a 6,750 square foot lot. The asset is comprised of a two-story structure, with a unit mix consisting of one (1) 4+4 unit, one (1) 3+2 unit, one (1) 2+2 unit, and one (1) 2+1 unit. Recent upgrades to the property include new exterior paint, updated copper plumbing, and allfour (4) units were recently remodeled/ renovated within the last year with hardwood floors, new tile, new cabinetry and granite counter-tops. The investment boasts spacious floor plans, secured gated entry, eight (8) on-site parking spaces, and individually metered for both gas and electricity. The investment is a current stabilized 6.24% Cap Rate. Excellent cash flow, and well positioned about 1 block away from the Coliseum

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-17T23:42:38.693. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/107718072
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    1101 Leighton Ave Los Angeles, CA 90037

    • Price: $1,690,000
    • Status: Active
    • Updated: 198 min ago
    • ID#: 20-602364
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,344
    SQFT
    $389
    $/SQFT
    1942
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property Description
    We are pleased to offer for sale this four (4) unit multifamily investment offering, located in the City of Los Angeles. The subject property is constructed of wood frame and stucco, built in 1942, with approximately 4,344 rentable square feet on a 6,750 square foot lot. The asset is comprised of a two-story structure, with a unit mix consisting of one (1) 4+4 unit, one (1) 3+2 unit, one (1) 2+2 unit, and one (1) 2+1 unit. Recent upgrades to the property include new exterior paint, updated copper plumbing, and allfour (4) units were recently remodeled/ renovated within the last year with hardwood floors, new tile, new cabinetry and granite counter-tops. The investment boasts spacious floor plans, secured gated entry, eight (8) on-site parking spaces, and individually metered for both gas and electricity. The investment is a current stabilized 6.24% Cap Rate. Excellent cash flow, and well positioned about 1 block away from the Coliseum
    Exterior Features

    Lot Size Area 6750 Other Structures Accessory Dwelling Unit Parking Garage DetachedDriveway - Combination Total Parking 8

    Interior Features

    Baths Total 8.00 Cooling Air Conditioning Equipment Ceiling FanDishwasherRange/OvenRefrigeratorTrash CompactorMicrowaveGarbage DisposalGas Dryer HookupGas Or Electric Dryer HookupHood FanIce Maker Heating None

    Property Features

    ADACompliance Yes Assessed Total Value 730000 Gross Income 143280 Gross Operating Income 140414 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 105403.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 35011 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Davis Saadian DRE#01921748 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-17T23:42:38.693. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355