1135 Leighton Ave, Los Angeles, CA 90037

Property Description

1135 Leighton Avenue (APN 5037-021-027) is offered exclusively in conjunction with the adjacent property at 3944 S Budlong Avenue, Los Angeles, CA 90037 (APN 5037-021-026). Both properties must be purchased together.Located in Los Angeles' Exposition Park neighborhood, this eight-unit multifamily offering features buildings constructed in 2019, with approximately 10,887 square feet of combined rentable building area on two parcels totaling approximately 13,776 square feet. The properties are zoned RD1.5-1-CPIO and located within a federally designated Qualified Opportunity Zone.The unit mix consists of eight spacious three-bedroom, three-bathroom apartments with layouts designed for contemporary living. Each unit is individually metered for gas and electricity and equipped with a tankless water heater. Tenants are responsible for water, trash, gas, and electricity expenses, limiting ownership's utility obligations. The property is subject to the Los Angeles Rent Stabilization Ordinance (LARSO).The location offers convenient access to the University of Southern California, USC Village's retail and dining destinations, the California Science Center, Exposition Park's museums, and BMO Stadium. Nearby access to the I-110 and I-10 freeways and the Metro E Line connects residents to Downtown Los Angeles, the Westside, and major employment centers. With modern construction, spacious floor plans, and proximity to prominent educational and cultural destinations, this offering presents an attractive opportunity for long-term multifamily ownership.