$700,000
PENDING $100K PRICE DROP

Estimated payment $4,718/month

Total Views 10,429
4 Beds
3 Baths
2,336 Sq Ft
$300 Price per Sq Ft

Highlights

  • Deck
  • Fenced Yard
  • Front Porch
  • Quartz Countertops
  • 2 Car Garage
  • 4-minute walk to Martin Luther King Jr Park

About This Home

1726 & 1728 Leighton Ave: Prime investment opportunity in Vermont Square - perfect for an Owner/User or Investor! This 2,336 SF duplex comprises two spacious units on a 5,945 SF R2-zoned lot - both units delivered 100% vacant. Fantastic value-add fixer with a detached garage, offering the potential for ADU conversion (buyer to verify). Located within an Opportunity Zone, Enterprise Zone, and designated Transit Oriented Communities (TOC) Tier 3, buyers can take advantage of significant incentives for redevelopment and renovation. Centrally located near USC, Exposition Park, Leimert Park, and Downtown LA, the property benefits from strong local tenant demand and easy access to the K Line (Crenshaw/LAX Metro) and Expo Line transit routes.

Listing Agent

David Weinberger

Keller Williams Studio City License #01349349 Listed on: 04/03/2025

Keller Williams Studio City

Co-Listing Agent

Megan Husri

Keller Williams Studio City License #02089901

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,861

Year Built

  • Built in 1922

Lot Details

  • 5,947 Sq Ft Lot
  • Fenced Yard
  • Front Yard

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Bungalow
  • Fixer Upper

Interior Spaces

  • 2,336 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Oven
  • Range
  • Quartz Countertops

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms
  • Shower Only

Outdoor Features

  • Deck
  • Open Patio
  • Front Porch

Location

  • City Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5035-010-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,861

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 2336
  • Lot Acreage: 0.1365
  • Property Condition: Fixer
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-Ins
  • Flooring: Vinyl Plank, Tile, Mixed
  • Appliances: Oven, Range
  • Bedrooms: 4
  • Bathroom Features: Tile, Shower Stall
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Quartz Counters
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Ceiling Fan, Range/Oven
  • Price Per S Q F T: 299.66

Exterior Features

  • Other Structures: Other
  • Patio: Porch - Front, Porch - Rear, Patio Open, Deck(s)
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 2
  • Garage Structures: 1
  • Parking Garage: Detached, Garage - 2 Car, Driveway, Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan, Wall/Window, Wall Unit(s)
  • Heating: Forced Air, Wall
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 34.78
  • Assessed Improvement Value: 332928
  • Assessed Land Percent: 65.22
  • Assessed Land Value: 624240
  • Total Assessed Value: 957168
  • Assessor Parcel Number: 5035-010-006
  • Lot Description: Curbs, Fenced, Fenced Yard, Front Yard, Walk Street, Street Paved, Sidewalks
  • Lot Location: City
  • Lot Size Area: 5947

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 8.86
  • Number Of Units: 2
  • Total Annual Expense: 13098
  • Type Of Units: 2
  • Vacancy Rate: 2

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,861 $976,310 $636,724 $339,586
2024 $11,861 $957,168 $624,240 $332,928
2023 $11,637 $938,400 $612,000 $326,400
2022 $11,317 $938,400 $612,000 $326,400
2021 $8,389 $683,265 $504,565 $178,700
2020 $8,472 $676,260 $499,392 $176,868
2019 $8,142 $663,000 $489,600 $173,400
2018 $8,044 $650,000 $480,000 $170,000
2016 $4,427 $351,732 $189,394 $162,338
2015 $4,365 $346,450 $186,550 $159,900
2014 $4,393 $339,664 $182,896 $156,768
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Pending -- -- --
05/01/2025 05/01/25 Price Changed $700,000 -12.5% $300 / Sq Ft
04/03/2025 04/03/25 For Sale $800,000 -- $342 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- --
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed -- None Available
Quit Claim Deed -- None Available
Grant Deed -- Chicago Title
Quit Claim Deed -- --
Grant Deed $125,000 Chicago Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $491,250 Negative Amortization
Previous Owner $384,200 Fannie Mae Freddie Mac
Previous Owner $63,500 Unknown
Previous Owner $112,500 No Value Available
Previous Owner $96,000 Unknown
Source: Public Records

Source: The MLS

MLS Number: 25520127

The MLS

APN: 5035-010-006