$2,459,000
$541K PRICE DROP

1120 S Leland St Los Angeles, CA 90731

Estimated payment $15,561/month

Total Views 1,624
12 Beds
10 Baths
7,481 Sq Ft
$329 Price per Sq Ft

Highlights

  • Subterranean Parking
  • Laundry Room
  • 1-Story Property

About This Home

NO LA CITY RENT CONTROL. PROPERTY HAS A 1980 CERTIFICATE OF OCCUPANCY. SUPER CLEAN 8-Unit Apartment Building in the Highly Desirable Vista Del Oro Neighborhood –BRAND NEW ELECTRICAL SERVICE HAS BEEN INSTALLED TO ALLOW COMPETITIVE INSURANCE RATES. Located in the sought-after Vista Del Oro neighborhood, this 8-unit apartment building offers a rare investment opportunity in one of San Pedro's most coveted areas. With its prime location just minutes from picturesque parks, schools, local dining, and shopping, this property benefits from a strong rental demand and a highly desirable community atmosphere. The building is not subject to LA City rent control, providing the new owner with increased flexibility in rent pricing and long-term growth potential. Vista Del Oro’s charming, residential vibe, combined with easy access to the coast and major freeways, makes it an ideal location for both tenants and investors seeking stability and upside. Whether you are expanding your portfolio or entering the multi-family market, this property offers a unique chance to own in a neighborhood that’s known for its character, convenience, and strong sense of community. Don’t miss the opportunity to acquire a well-positioned asset in this vibrant part of San Pedro.

Listing Agent

Tyler DiBernardo

DiBernardo Realty Brokerage Phone: 310-872-8371 License #02041856 Listed on: 06/17/2025

Co-Listing Agent

Fred DiBernardo

Fred DiBernardo Brokerage Phone: 310-872-8371 License #00573495

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 6,242 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 14 Car Garage
  • Subterranean Parking
  • Parking Available

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 7,481 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 4 / 12
  • Tax Tract Number 14
  • Assessor Parcel Number 7458014005

Community Details

Building Details

  • 7 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $2,100
  • Gardener Expense $960
  • Insurance Expense $6,500
  • Maintenance Expense $1,500
  • Trash Expense $4,800
  • Water Sewer Expense $5,100
  • New Taxes Expense $30,737
  • Operating Expense $47,097
  • Gross Income $178,632
  • Net Operating Income $126,435

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

14

Listing Details

  • CapRate: 5.14
  • Price Per Unit: 307375
  • Property Attached: Yes
  • Water Sewer Expenses: 5100.00
  • Zoning: LARD1.5
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7458014005
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Street
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 328.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Subterranean
  • Total Parking Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6242.00
  • Lot Size Acres: 0.1433

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 2100.00
  • Gross Income: 178632.00
  • Gross Scheduled Income: 178632.00
  • Insurance Expense: 6500.00
  • Lot Size Area: 6242.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 126435.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Operating Expense: 52197.00
  • Other Expense Description: Utilitie
  • Rent Control: No
  • Total Actual Rent: 12636.00
  • Total Expenses: 47097.00

Tax Info

  • New Taxes Expense: 30737.00
  • Tax Block: 12
  • Tax Census Tract: 2969.02
  • Tax Lot: 4
  • Tax Tract Number: 14

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Price Changed $2,459,000 -8.9% $329 / Sq Ft
08/03/2025 08/03/25 Price Changed $2,700,000 -10.0% $361 / Sq Ft
06/17/2025 06/17/25 For Sale $3,000,000 -- $401 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25129325

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90731

1120 S Leland St, Los Angeles, CA

This home is located at 1120 S Leland St, Los Angeles, CA 90731 and is currently priced at $2,459,000, approximately $328 per square foot. This property was built in 1980. 1120 S Leland St is a home located in Los Angeles County with nearby schools including Seventh Street Elementary School, Dana Middle School, and San Pedro Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Tyler DiBernardo
Section Image
DiBernardo Realty
(310) 861-4487