1072 Leonard Avenue, Los Angeles, CA 90022

• 4,861 sqft

Property Description

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.

Listing Status:

Active

Date Added:

March 10, 2026

Data Last Updated:

March 10, 2026 at 4:16PM

Listing Office:

Lyon Stahl Investment Real Estate, Inc. : 310-425-9838

Listing Agent:

Aaron Jacobson : 310-729-1559

MLS ID:

SB26051757

Interior

• Laundry: None

Exterior

• Pool: None
• Parking: Parking spaces: 8

Construction

• General: 2

Location

• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 6339008010

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM