1627 Leighton Avenue Los Angeles, CA ^$ 819,000

1627 Leighton Avenue

^$ 819,000

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1627 Leighton Avenue

Los Angeles, CA, 90062

^$ 819,000

Bedrooms6 Baths3.1 Sq 1,616

Monthly Estimate*

^$ 5,443

Listed by KELLER WILLIAMS COVINA

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Multi-Family Home for sale in Los Angeles, CA

for $819,000 with 6 bedrooms and 3 full baths, 1 half bath. This 1,616 square foot home was built in 1914 on a lot size of 0.1247.

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.

Multi-Family Active

Price

^$ 819,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Duplex

Lot Size

0.1247

Year Built

1914

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

CV23182348

Days on Market

236

Features

General

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 100200.0

Community Features StreetLights Sidewalks Urban

County Los Angeles

Net Operating Income 58640.0

Operating Expense 4960.0

Insurance Expense 1900.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency Buyer to work with Seller to 1031 Exchange at no expense to Buyer. Seller to find replacement property

Garage Y/N N

Other Structures Storage Workshop

Special Listing Conditions Standard

Status ActiveUnderContract

Directions Near South Western Ave and Martin Luther King Jr. Blvd

City Los Angeles

Entry Location 2

View Y/N Y

Senior Community Y/N N

Total Units 3

MLS Area C34 - Los Angeles Southwest

Lot Size Square Feet 5434.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Leighton

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange FHA

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 1020.0

Home Warranty Y/N N

Fuel Expense 0.0

Property Condition UpdatedRemodeled Turnkey

Trash Expense 1020.0

Water Sewer Expense 1020.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 224

Building Area Units SquareFeet

Standard Status ActiveUnderContract

Year Built Source Assessor

Tax Lot 242

Property Sub Type Additional Duplex

Cap Rate 7.15

Exterior

Lot Features FrontYard NearPublicTransit RectangularLot

Water Source Public

Total Parking 0.0

Lot Size Area 5434.0

Number of Buildings 4

Spa N

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 N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features Inside

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1627

* Excluded Features

List By

Keller Williams Covina

Broker

(626) 388-5518

Phone

Affordability Calculator

$5,443

Per Month

Monthly Principal & Interest: $5,443
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,977,410

Percent of Sale Price 141%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/6/2023	$819,000		Listed Price

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1627 Leighton Avenue, Los Angeles, CA, 90062 is a Multi-Family Home for sale at $819,000 with 1,616 sqft and a lot size of 0.1247. 1627 Leighton Avenue has 6 bedrooms, 3.1 baths, and was built in 1914. The property's zip code is 90062 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/28/2024. 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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1627 Leighton Avenue

Multi-Family Home for sale in Los Angeles, CA

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