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.
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Zillow last checked:
Listing updated:
Listed by:
Lauren CearleyDRE #02146823213-302-8662,
Myunits.com Inc.,
Cheyenne WomackDRE #02064825805-973-7470,
Myunits.com Inc.
Source: CRMLS,MLS#: BB26177613Originating MLS: California Regional MLS
Facts & features
Interior
Appliances
Included: Washer
Laundry: Washer Hookup, Inside
Features
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 1 Common Wall