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1627 Leighton Ave, Los Angeles, CA 90062
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1627 Leighton Ave Los Angeles, CA 90062

$819,000
  • 6 Beds
  • 3.5 Baths
  • 1,616 Sq.Ft.
For Sale
$819,000 Get Pre-Qualified
Map preview of 1627 Leighton Ave, Los Angeles, CA 90062

Property Overview: 1627 Leighton Ave Los Angeles, CA has 6 bedrooms, 3.5 bathrooms, 1,616 living square feet and 5,434 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Explore the Potential at 1627 Leighton Ave - Your Residential Income Property Awaits! Invest with Confidence! 1627 Front House: 3 Bedrooms, 1.5 Baths Completely Renovated: New Flooring, Granite Counters Convenient Inside Laundry New Windows for Energy Efficiency Rents for $2,500 per month Your Gateway to Luxury Living! 1629 Middle House: 2 Bedrooms, 1 Bath Upgraded with New Windows & Granite Counters Gas Heater for Comfort Rents for $1,300 per month Stability Meets Style! 1627 1/2 Rear ADU: 1 Bedroom, 1 Bath Spacious Living Room & Kitchen, Recent build, recessed Lights, very clean unit Versatile ADU with lots of Potential Rents for $1,500 per month Ideal for Extended Family or Extra Income! Fourth building is a storage building. What secrets does this income property hold? The allure of modern upgrades, stable rental income, and an recent built ADU are ready to be uncovered. Whether you're an investor seeking returns or a homeowner with a vision, 1627 Leighton Ave offers endless possibilities. Ready to make your mark in the world of real estate? This property is your canvas for financial growth. Contact our real estate expert today to schedule a viewing and explore the full potential of 1627 Leighton Ave. Invest wisely. Invest in 1627 Leighton Ave! All Information Deemed Reliable but Not Guaranteed. Buyers and Buyer's Agent to investigate all information to Buyer's Satisfaction.

Listed by Fernando Reza | BRE #01451616 | KELLER WILLIAMS COVINA
Last checked: 7 seconds ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 216
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Home details

Lot Sq. Ft
5,434
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Duplex
Status
Active
MLS#
CV23182348
City
Los Angeles
County
Los Angeles
Time on Site
216 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 4
  • # of Electric Meters: 3
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,604
  • Total Rent: $2,604
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,356
  • Total Rent: $1,356
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.15%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $100,200
  • Net Operating Income: $58,640
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $4,960
  • Electric: $1,020
  • Gas/Fuel: $0
  • Trash: $1,020
  • Insurance: $1,900
  • Water/Sewer: $1,020

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Property Details for 1627 Leighton Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Other Structures: Storage, Workshop
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Front Yard, Rectangular Lot, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5035016024
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Near South Western Ave and Martin Luther King Jr. Blvd
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1627 Leighton Ave

Last sold for $550,000 on April 29th, 2020

  • October, 2023

  • Oct 5, 2023

    Date

    Active

    CRMLS: CV23182348

    $819,000

    Price

  • April, 2020

  • Apr 29, 2020

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

  • February, 2020

  • Feb 19, 2020

    Date

    Expired

    CRMLS: 19530508

    $535,000

    Price

  • Dec 14, 2019

    Date

    Withdrawn

    CRMLS: 19530508

    $535,000

    Price

  • Dec 13, 2019

    Date

    Active

    CRMLS: 19530508

    $535,000

    Price

  • Dec 4, 2019

    Date

    Hold

    CRMLS: 19530508

    $535,000

    Price

  • Nov 19, 2019

    Date

    Active

    CRMLS: 19530508

    $535,000

    Price

  • Listing provided courtesy of CRMLS

    *TEARDOWN OR FIXER ALERT* Project right in the heart of LA for your developers or flippers. Tear down the buildings completely and begin anew on this R2 lot. Current owner was developing plans for a 6000 sq ft duplex! Or turn it into a turnkey and rent it out to your pleasure! This is a duplex functioning as 3 separate units. The front unit is a 3/1 that is functioning as a 3/1.5 and is completely vacant. The back unit is a 1/1. The garage was illegally converted years ago and is functioning as a studio. Property is being sold AS-IS.

  • September, 2019

  • Sep 19, 2019

    Date

    Sold

    CRMLS: SR19144765

    $485,000

    Price

  • Jul 17, 2019

    Date

    Pending

    CRMLS: SR19144765

    $399,000

    Price

  • Jun 19, 2019

    Date

    Active

    CRMLS: SR19144765

    $399,000

    Price

  • Listing provided courtesy of CRMLS

    PARTITION AUCTION!!! DUPLEX – FRONT UNIT (1627) 3 BEDROOMS, 1½ BATH (½ BATH NOT PERMITTED). THE UNIT FEATURES A LIVING ROOM WITH FIREPLACE, DINING AREA & KITCHEN. REAR UNIT (1629) HAS 1 BEDROOM & 1 BATH. LIVING ROOM & KITCHEN. THE GARAGE AND ADDITIONAL STRUCTURE HAVE BEEN CONVERTED, WITHOUT PERMITS, TO RENTALS. 2 ELECTRIC & 2 GAS METERS.

  • September, 2019

  • Sep 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $485,000

    Price

Show More

Tax History for 1627 Leighton Ave

Assessed Value (2020): $485,000
Year Land Value Improved Value Assessed Value
2020 $480,000 $5,000 $485,000

Home Value Compared to the Market

This property vs the competition

1627 Leighton Ave is listed 33.68% lower than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $506.81 per/sqft which puts the price per square foot 34.52% lower than the median price per square foot for the city of Los Angeles.

About 1627 Leighton Ave

Detailed summary of property

1627 Leighton Ave is a duplex located in Los Angeles, CA 90062 and is currently for sale. This duplex offers 6 bedrooms, 3.5 bathrooms, roughly 1,616 living square feet, and sits on an approximately 5,434 square foot lot. 1627 Leighton Ave was first listed on ArdentRealEstateGroup.com on October 5, 2023. The homeowner is currently asking $819,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 33.68% lower than the median priced home. Local competing homes currently for sale include 4700 S Gramercy Pl, 3915 Walton Ave and 5166 S Manhattan Pl. While the average home in Los Angeles, CA is selling in 94 days, 1627 Leighton Ave has a days on market of 216 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1627 Leighton Ave Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1627 Leighton Ave

Public county record property details
Beds
4
Baths
2
Year built
1914
Sq. Ft.
1,616
Lot Size
5,434
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
242
APN
5035-016-024

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$855,000
Median List Price/Sq.Ft.
$578
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
31
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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Recently Sold Homes Near 1627 Leighton Ave

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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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