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1101 Leighton Ave, Los Angeles, CA 90037
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1101 Leighton Ave Los Angeles, CA 90037

$1,435,000 Sold Price as of 03/09/2021
  • 11 Beds
  • 9 Baths
  • 4,344 Sq.Ft.
Sold
$1,435,000 Sold Price as of 03/09/2021 Refinance Your Mortgage
Map preview of 1101 Leighton Ave, Los Angeles, CA 90037

Property Overview: 1101 Leighton Ave Los Angeles, CA has 11 bedrooms, 9 bathrooms, 4,344 living square feet and 6,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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 all four (4) units were recently remodeled/ renovated within the last year with hardwood floors, new tile, new cabinetry and granite counter-tops. The investment is a current stabilized 7.2% Cap Rate. Excellent cash flow, and well positioned about 1 block away from the Coliseum. Garage conversation ADU potential as well for additional income.

Listed by Davis Saadian | BRE #01921748 | BRC Advisors- BH
Last checked: 7 minutes ago | Last updated: January 1st, 2024 | Source CRMLS | DOM: 143

Home details

Lot Sq. Ft
6,750
HOA Dues
$0/mo
Year built
1942
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20635160
City
Los Angeles
County
Los Angeles
Time on Site
1265 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,100
  • Total Rent: $3,100
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $4,100
  • Total Rent: $4,100
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,440
  • Total Rent: $2,440
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 10.47
  • Gross Scheduled Income: --
  • Net Operating Income: $107,683
  • Gross Operating Income: $140,414
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1101 Leighton Ave

Interior Features
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Direct Garage Access
Property Information
  • Total # of Units: 4
  • Parcel Number: 5037021020
Location / Neighborhood
Location Information
  • Directions: 1101 Leighton Avenue, LA 90037
View more facts & features

Local Los Angeles Agent

Sale History for 1101 Leighton Ave

Last sold for $1,435,000 on March 9th, 2021

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23302085

    $1,895,000

    Price

  • Aug 17, 2023

    Date

    Active

    CRMLS: 23302085

    $1,895,000

    Price

  • Listing provided courtesy of CRMLS

    Presenting a remarkable investment opportunity: a strategically positioned 4-unit multifamily property located in the vibrant City of Los Angeles. complete with a recently added Accessory Dwelling Unit (ADU) currently vacant. This enticing offering not only promises potential income, but also versatility. Whether you're looking to RESIDE IN ONE UNIT AND GENERATE INCOME FROM THE OTHERS, or maximize revenue by renting out all spaces, this property caters to your desires. This offering stands as a testament to both prime location and potential for lucrative returns. Each unit showcases thoughtful layouts, catering to the demands of urban living. Situated in a sought-after area, residents will relish easy access to amenities, cultural attractions, and essential conveniences. Whether you're a seasoned investor or seeking to diversify your portfolio, this multifamily gem promises not only immediate value but also a promising future in one of the nation's most dynamic real estate markets, the City of Los Angeles.

  • March, 2021

  • Mar 9, 2021

    Date

    Sold

    CRMLS: 20635160

    $1,435,000

    Price

  • Feb 9, 2021

    Date

    Active Under Contract

    CRMLS: 20635160

    $1,500,000

    Price

  • Sep 19, 2020

    Date

    Active

    CRMLS: 20635160

    $1,500,000

    Price

  • September, 2020

  • Sep 19, 2020

    Date

    Canceled

    CRMLS: 20602364

    $1,690,000

    Price

  • Jul 10, 2020

    Date

    Active

    CRMLS: 20602364

    $1,690,000

    Price

  • Listing provided courtesy of CRMLS

    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

  • January, 2020

  • Jan 30, 2020

    Date

    Canceled

    CRMLS: 20540916

    $1,700,000

    Price

  • Jan 6, 2020

    Date

    Active

    CRMLS: 20540916

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

    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 all four (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 6.25% Cap Rate. Excellent cash flow, and well positioned about 1 block away from the Coliseum.

  • October, 2016

  • Oct 31, 2016

    Date

    Sold (Public Records)

    Public Records

    $730,000

    Price

  • July, 2005

  • Jul 22, 2005

    Date

    Sold (Public Records)

    Public Records

    $680,000

    Price

Show More

Tax History for 1101 Leighton Ave

Assessed Value (2020): $788,757
Year Land Value Improved Value Assessed Value
2020 $530,604 $258,153 $788,757

Home Value Compared to the Market

This property vs the competition

1101 Leighton Ave sold on March 9, 2021 for 32.74% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $345.3 per/sqft which puts the price per square foot 54.2% lower than the current median sale per square foot for the city of Los Angeles.

About 1101 Leighton Ave

Detailed summary of property

1101 Leighton Ave is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 11 bedrooms, 9 bathrooms, roughly 4,344 living square feet, and sits on an approximately 6,750 square foot lot. 1101 Leighton Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,435,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 32.74% higher than the current median priced home. Local homes that are currently for sale include 4351 S Western Ave, 263 W 41st Pl and 533 W 49th St. While the average home in Los Angeles, CA is selling in 99 days, 1101 Leighton Ave has a days on market of 143 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1101 Leighton Ave Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1101 Leighton Ave

Public county record property details
Beds
6
Baths
5
Year built
1942
Sq. Ft.
4,344
Lot Size
6,750
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
33
APN
5037-021-020

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$744,990
Median List Price/Sq.Ft.
$491
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$543
Total Inventory
29
Median Sale to List Price %
100%
Avg Days on Market
41
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (25%), Other (25%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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