1135 Leighton Ave 3944 S Budlong Ave 8 Unit Apartment Building $4,395,000 ($549,375/Unit) 6.30% Cap Rate Los Angeles, CA 90037

True North CRE of Compass Commercial, as the exclusive listing agent, is pleased to present 1135 Leighton Avenue & 3944 South Budlong, an eight-unit multifamily investment opportunity located in the Exposition Park neighborhood of Los Angeles. Constructed in 2019, the property comprises approximately 10,887± square feet of rentable building area, situated on two parcels totaling 13,776± square feet, zoned RD1.5-1-CPIO. Notably, the property is situated within a federally designated Qualified Opportunity Zone (QOZ), which may provide meaningful tax advantages for eligible investors.*

The property features eight well-designed three-bedroom, three-bathroom apartment units, offering spacious layouts tailored to modern renter demand. Each unit is individually metered for gas and electricity and equipped with a tankless water heater, delivering operational efficiency and enhanced cost control. Ownership benefits from minimal utility obligations, as tenants are responsible for water, trash, gas, and electricity expenses. The property is subject to the Los Angeles Rent Stabilization Ordinance (LARSO).

Strategically positioned in Exposition Park — one of Los Angeles' most culturally significant and supply-constrained neighborhoods — the property benefits from robust tenant demand driven by the area's academic, cultural, and employment anchors. Residents enjoy immediate proximity to the University of Southern California (USC), the California Science Center, the renowned institutions of Exposition Park, and BMO Stadium, as well as the dynamic USC Village retail and dining corridor.

The location offers exceptional regional connectivity, with convenient access to Downtown Los Angeles, major employment centers, and key transportation corridors, including the I-110 and I-10 freeways, as well as the Metro E Line providing direct light rail access to the Westside and Downtown. The combination of quality 2019 construction, a prime Opportunity Zone location, and strong underlying market fundamentals presents investors with a compelling long-term hold opportunity in one of Southern California's most dynamic and evolving multifamily markets.

*The tax implications of investing in a Qualified Opportunity Zone are specific to each investor's individual circumstances. Prospective investors are strongly encouraged to consult with a qualified CPA or tax advisor prior to making any investment decisions.