1175 Leighton,Los Angeles, CA 90037
Los Angeles, CA 90037
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 portfolio is also located within the USC Lyft Zone and offers convenient access to the Metro E Line, Downtown Los Angeles, Culver City and Santa Monica. This central location supports a deep and diverse tenant pool while giving investors the stabilized income, modern construction, parking and operational simplicity that are increasingly difficult to find in a single acquisition.
Details
| MLS # | BB26177613 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2026 |
| Days On Site | 13 |
| Listing Provided By | Myunits.com Inc. | Lauren Cearley |
Features
| SQ Feet | 13,618 |
|---|---|
| Garage | 16 |
| Story(s) | 3 |
| Units | 10 |
| Building(s) | 4 |
| Acreage | 0.31 |
| Property View | Yes |
Interior
| Appliances | Washer |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Lot Features | Front Yard |
|---|
Parking
| Parking Features | Assigned, Garage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Electric | Standard |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90037) | |
Price: $4,995,000 low | high Med: $1,422,000 sqft: 13,618 low | high Med: 3,918 $ / sqft: $367 low | high Med: $373 On site: 13 low | high Med: 137.5 | |
Market Activity 90037
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90037) | |
Price: $4,995,000 low | high Med: $1,422,000 sqft: 13,618 low | high Med: 3,918 $ / sqft: $367 low | high Med: $373 On site: 13 low | high Med: 137.5 | |
