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$ 4,995,000
Est. payment | /mo
12 Beds
12 Baths
0.31 Acres Lot
$ 4,995,000
Est. payment | /mo
12 Beds
12 Baths
0.31 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26177613
Bedrooms 12
Lot Size 0.310 Acres
Property Sub-Type Res Income 2-4 Units
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 closets, spa-inspired bathrooms and oversized windows that fill the interiors with natural light. The propery is also equipped with EV charhing and solar! Beyond USC, residents are moments from Exposition Park, BMO Stadium, the LA Memorial Coliseum, the Natural History Museum and the California Science Center. The portfol
Location
State CA
County Los Angeles
Zoning Builder
Direction From the I-110 Freeway, exit Martin Luther King Jr. Boulevard and head west. Turn right on Vermont Avenue, then left on Leighton
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5037006025
Virtual Tour https://www.myunits.com/buy/4220adams
Listed by Lauren Cearley, DRE#02146823 Myunits.com Inc.
Nearby Locations
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Keegan Wetzel
Founder | Naval Academy | OIF Veteran | License ID: 02153342