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Listed by Lauren Cearley, DRE #02146823 • Myunits.com Inc.
$ 4,995,000
Est. payment /mo
Active
1175 Leighton Los Angeles, CA 90037
0.31 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26177613
Year Built 2026
Lot Size 0.310 Acres
Source California Regional MLS
Property Description
1175-1181 Leighton Avenue is a fully leased, newly built 10-unit portfolio offering a combination rarely found near USC: two side-by-side five-unit properties, 26 rentable bedrooms, 26 parking spaces and a 6.62% cap rate (inclusive of a 4% management fee), all just 0.5 miles from USC campus. Situated on two contiguous lots with separate APNs, the portfolio consists of eight expansive 3-bedroom, 3-bathroom residences and two, highly rentable, 1-bedroom, 1-bathroom ADUs. Each bedroom in all residences has its own en-suite bathroom, creating a flexible and highly rentable unit mix that appeals to students, young professionals, families and traditional tenants. The portfolio generates $432,360 in annual gross income and is offered fully stabilized with established rental history. Units are separately metered for ALL utilities, eliminating any owner utility expenses, while the side-by-side configuration and separate APNs also provide investors with the flexibility to pursue residential or commercial financing. These are not typical student rentals. Each townhome-style residence delivers high-end finishes, open-concept living spaces, oversized kitchen islands, sleek cabinetry, stainless steel appliances, designer lighting, LVP flooring, in-unit laundry, generous closet
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Laundry 30, Other, Washer
Exterior
Parking Features Assigned Spaces, Garage
Garage Spaces 26.0
Pool 31, None
View Local/Neighborhood
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 5037006025
Special Listing Condition Not Applicable
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