Listed By:
Fernando Reza with KELLER WILLIAMS COVINA; 626-388-5518
Address
1627 Leighton Avenue, Los Angeles, CA
Price
$ 819,000
Property Attributes
  • MLS#CV23182348
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLos Angeles Southwest
  • Zip90062
  • StyleDuplex
  • Price$ 819,000
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms1
  • Sqr Footage1616
  • Lot Size5,432 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

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.

Price History
10/6/2023 Listed $819,000

General Features

Sewer PublicSewer
Zoning LAR2
Garage Spaces 0.0
Pool Features None
Year Built 1914
Tenant Pays Electricity,Gas
View Neighborhood
Stories 1
Levels One
Property SubType Duplex
Gross Income 63600.0
Community Features StreetLights,Sidewalks,Urban
County Los Angeles
Net Operating Income 58640.0
Operating Expense 4960.0
Insurance Expense 1900.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Contingency Buyer to work with Seller to 1031 Exchange at no expense to Buyer. Seller to find replacement property
Garage Y/N No
Other Structures Storage,Workshop
Special Listing Conditions Standard
Status Active
Directions Near South Western Ave and Martin Luther King Jr. Blvd
City Los Angeles
Entry Location 2
View Y/N Yes
Senior Community Y/N No
Total Units 3
MLS Area C34 - Los Angeles Southwest
Lot Size Square Feet 5434.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Leighton
Property Attached Y/N No
Land Lease Y/N No
Electric Expense 1020.0
Home Warranty Y/N No
Fuel Expense 0.0
Property Condition UpdatedRemodeled,Turnkey
Trash Expense 1020.0
Water Sewer Expense 1020.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 145
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 242
Property Sub Type Additional Duplex
Cap Rate 7.15
MobileHomeRemainsYN No

Interior Features

Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Avenue
Laundry Features Inside
Entry Level 1
Electric On Property Y/N No

Exterior Features

Lot Features FrontYard,NearPublicTransit,RectangularLot
Water Source Public
Total Parking 0.0
Lot Size Area 5434.0
Number of Buildings 4
Spa No
Building Area Total 1616.0
Lot Size Acres 0.1247
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 3
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90062

Price
AVG $1.08M
$820K
Visits
AVG 87
109
Data Provided by Inside Real Estate®
Year Built
AVG 1928
1914