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757 Leonard Ave 5 Unit Apartment Building $935,000 ($187,000/Unit) 4.61% Cap Rate Los Angeles, CA 90022
Investment Highlights
- 5 units with charming Spanish-style architecture and timeless curb appeal and within walking distance to Whittier Blvd’s shops and restaurants
- Electrical system has been upgraded, including the installation of new panels
- Strong value-add opportunity with over 70% projected upside in rents
- First time on the market in over 20 years
- 10 on-site parking spaces, providing ample parking for tenants
- Potential opportunity to build an ADU at the rear of the property (buyer to verify)
Executive Summary
This five-unit property showcases timeless Spanish-style architecture and exceptional curb appeal, offered for the first time in over 20 years. The electrical system has been upgraded with new panels installed, and the property features 10 on-site parking spaces, providing ample parking for tenants. With over 70% projected upside in rents, this is a strong value-add opportunity, further enhanced by potential to build an ADU at the rear of the property (buyer to verify). Ideally located within walking distance to Whittier Blvd’s vibrant shops, restaurants, and everyday amenities, the property offers both immediate stability and long-term growth potential.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $935,000 | Apartment Style | Low-Rise |
| Price Per Unit | $187,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.61% | Building Size | 3,264 SF |
| Gross Rent Multiplier | 12.28 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | ||
| Zoning | LCR305 | ||
| Price | $935,000 |
| Price Per Unit | $187,000 |
| Sale Type | Investment |
| Cap Rate | 4.61% |
| Gross Rent Multiplier | 12.28 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,264 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1929 |
| Zoning | LCR305 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 500 |
| 2+1 | 2 | - | 600 |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Numbers | Improvements Assessment | $977,628 | |
| Land Assessment | $2,152,068 | Total Assessment | $3,129,696 |
Property Taxes
Parcel Numbers
Land Assessment
$2,152,068
Improvements Assessment
$977,628
Total Assessment
$3,129,696
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757 Leonard Ave
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