Active

1135 Leighton Avenue

Los Angeles, CA 90037
Mark as Favorite
Bed 12

Bed

Bath 0

Bath

SqFt5,442

Sqft

SqFt6,865

Sqft(Lot)

1135 Leighton Avenue is being sold in conjunction with 3944 South Budlong Avenue. Both properties must be sold together. The buildings total an eight-unit multifamily investment opportunity located in the Exposition Park neighborhood of Los Angeles. Constructed in 2019, the property comprises approximately 10,887 square feet of rentable building area, situated on two parcels totaling 13,776 square feet, zoned RD1.5-1-CPIO. Notably, the property is situated within a federally designated Qualified Opportunity Zone (QOZ), which may provide meaningful tax advantages for eligible investors providing long-term operational flexibility and investment stability in a highly desirable Los Angeles submarket. The property features eight well-designed three-bedroom, three-bathroom apartment units, offe ring spacious layouts tailored to modern renter demand. Each unit is individually metered for gas and electricity and includes a tankless water heater, providing operational efficiency and cost control. Ownership benefits from minimal utility obligations, as tenants are responsible for water, trash, gas, and electricity expenses. The property is subject to the Los Angeles Rent Stabilization Ordinance (LARSO).Strategically located in Exposition Park, one of Los Angeles' most culturally significant and supply-constrained neighborhoods, the property benefits from strong tenant demand driven by the area's academic, cultural, and employment anchors. Residents enjoy proximity to the University of Southern California (USC), the California Science Center, the renowned museums of Exposition Park, and BMO Stadium, as well as the vibrant USC Village retail and dining corridor.The location offers excellent regional connectivity with convenient access to Downtown Los Angeles, major employment centers, and key transportation corridors, including the I-110 and I- 10 freeways, along with the Metro E Line, providing direct light rail access across the Westside and Downtown. This combination of quality construction, prime location, and strong underlying fundamentals presents investors with a compelling long-term hold opportunity in one of Southern California's most dynamic and evolving multifamily markets. For more information please review the OM in the DOCS section.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,197,500

AD Id : 76236296

MLS Id : 26665177

Beds : 12

Lot Size : 6,865 Sqft

Living Area Size : 5,442

Year Built : 2018

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 12

    Bathroom Information

    Total Baths: 12 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Dishwasher,Microwave,Refrigerator,Washer
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

  • Building Information

    Year Built: 2018 Building Area Total: 5,442

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1576
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6865

  • Listing Price Information

    Original List Price: 2,197,500 Listing Contract Date: 2026-03-18
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5037021027

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C34 - Los Angeles Southwest Postal Code Plus 4: 1629 Directions: On the corner of S Budlong Ave and Leighton Ave Zoning: LARD1.5 Source Property Type: Residential Income Area: C34 - Los Angeles Southwest
  • Building and Construction

    Property Age: 8 Year Built Source: Vendor Enhanced Total Square Feet Living: 5442 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
227 W 41st Street, Los Angeles, CA, 90037 $1,038,800 5 5 2,342 2,342 SqFt
146 W Vernon, Los Angeles, CA, 90037 $1,060,000 -- -- 3,972 3,972 SqFt
160 W 48th, Los Angeles, CA, 90037 $689,900 3 3 1,152 1,152 SqFt
201 W 49th, Los Angeles, CA, 90037 $749,998 3 1 1,412 1,412 SqFt
227 W 52nd Street, Los Angeles, CA, 90037 $500,000 4 1 1,500 1,500 SqFt
4211 S Flower, Los Angeles, CA, 90037 $640,000 2 1 1,148 1,148 SqFt
4260 S Figueroa Street, Los Angeles, CA, 90037 $1,150,000 4 -- 4,516 4,516 SqFt
545 W 41st Street, Los Angeles, CA, 90037 $1,150,000 4 -- 3,923 3,923 SqFt
602 W 40th Place, Los Angeles, CA, 90037 $1,600,000 10 -- 3,692 3,692 SqFt
536 W 42nd Street, Los Angeles, CA, 90037 $1,055,000 6 -- 1,983 1,983 SqFt

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ByOwner last updated this listing 06/16/2026 @ 15:22

MLS: 26665177 LISTED BY: John Swartz, Compass 310-230-5478 SOURCE: CRMLS

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