Property Details
About this Property
1072 Leonard Ave presents an excellent opportunity to acquire a well-located six-unit multifamily property in the heart of East Los Angeles. The property features a desirable unit mix consisting of (1) Studio, (4) 1-bedroom/1-bath units, and (1) 2- bedroom/1-bath unit, currently collecting $10,196.73 in monthly rent. Situated on a large 7,007 square foot lot, the property comes with approved plans for a (2) 1-Bed/1-Bath ADUs, allowing an investor to start construction immediately. After construction, the property is projects a 8.18% Cap Rate (After factoring in Construction costs). Currently operating at a 6.47% cap rate and 9.64 GRM, the property provides stable in-place income with upside potential for an investor looking to grow rents over time. East Los Angeles is a quickly growing neighborhood in Los Angeles adjacent to Downtown Los Angeles. A vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, East LA offers a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene. With a close proximity to the train line stop and walking distance to Hollenbeck Park, and restaurants, bars and nightlife.
MLS Listing Information
MLS #
CRSB26051757
MLS Source
California Regional MLS
Days on Site
9
Interior Features
Laundry
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1072 Leonard Ave is a Residential Income in Los Angeles, CA 90022. This – square foot property sits on a 7,007 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,180,000 and was built in 1930. This address can also be written as 1072 Leonard Ave, Los Angeles, CA 90022.
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This listing information is up-to-date as of March 10, 2026. For the most current information, please contact Aaron Jacobson, (310) 729-1559
