Perfect Investment Opportunity!
This diamond in the rough is ready for its new owner to unlock its full potential. Located just a short walk from USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, and the upcoming Lucas Museum of Narrative Art—with Downtown LA only minutes away—this property offers unmatched convenience and value.
The property features four units, making it an ideal opportunity for student housing, short-term rentals (Airbnb), or long-term investment.
The detached garages may offer potential for ADU conversion or additional unit development (Buyer to verify with the city).
Whether you're looking to add to your portfolio or live in one unit and rent out the others, this is a rare chance to invest in a rapidly growing area.
Don’t miss out—submit your offer today!
Sold for $980,000
Listed by: Roberto D Melchor • Roberto Melchor • Contact: 323-490-4540
Bought with: Roberto D Melchor
Zestimate®
$980,000
1079 Leighton Ave, Los Angeles, CA 90037
8beds
4baths
4,640sqft
Quadruplex
Built in 1923
-- sqft lot
$980,000 Zestimate®
$211/sqft
$2,078 Estimated rent
Home value
$980,000
$892,000 - $1.08M
$2,078/mo
Zestimate® history
Owner options
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$2,078/mo
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$2,078/mo
Rent Zestimate®
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$6,290/mo
Est. payment
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$6,290/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Roberto Melchor DRE #02027486 323-490-4540,
Roberto D Melchor
Bought with:
Roberto Melchor, DRE #02027486
Roberto D Melchor
Source: CRMLS,MLS#: DW25230355
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Laundry: Laundry Room
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,640
- Total interior livable area: 4,640 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 6,751 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5037021024
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $211/sqft
- Tax assessed value: $919,967
- Annual tax amount: $11,575
- Date on market: 10/2/2025
- Cumulative days on market: 72 days
- Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Sold | $980,000+8.9%$211/sqft |
Source:  CRMLS #DW25230355 Report a problem | ||
| 4/6/2026 | Pending sale | $899,999$194/sqft |
Source: CRMLS #DW25230355 Report a problem | ||
| 2/25/2026 | Listed for sale | $899,999$194/sqft |
Source: CRMLS #DW25230355 Report a problem | ||
| 11/6/2025 | Pending sale | $899,999$194/sqft |
Source: CRMLS #DW25230355 Report a problem | ||
| 10/2/2025 | Listed for sale | $899,999-18.2%$194/sqft |
Source: CRMLS #DW25230355 Report a problem | ||
| 8/6/2018 | Listing removed | $1,100,000$237/sqft |
Source: American Team Properties #DW18026158 Report a problem | ||
| 5/5/2018 | Listed for sale | $1,100,000$237/sqft |
Source: American Team Properties #DW18026158 Report a problem | ||
| 4/26/2018 | Pending sale | $1,100,000$237/sqft |
Source: American Team Properties #DW18026158 Report a problem | ||
| 2/5/2018 | Listed for sale | $1,100,000+66.7%$237/sqft |
Source: American Team Properties #DW18026158 Report a problem | ||
| 6/24/2005 | Sold | $660,000+22.2%$142/sqft |
Source: Public Record Report a problem | ||
| 11/29/2004 | Sold | $540,000$116/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,575 +1.6% | $919,967 +2% |
| 2024 | $11,397 +1.9% | $901,929 +2% |
| 2023 | $11,186 +4.7% | $884,245 +2% |
| 2022 | $10,682 +1.5% | $866,908 +2% |
| 2021 | $10,528 -0.9% | $849,911 +1% |
| 2020 | $10,628 | $841,197 +2% |
| 2019 | $10,628 +5.4% | $824,704 +2% |
| 2018 | $10,082 | $808,534 +2% |
| 2017 | $10,082 +2.2% | $792,681 +2% |
| 2016 | $9,869 +2.8% | $777,140 +1.5% |
| 2015 | $9,605 +25% | $765,468 +27.6% |
| 2014 | $7,685 | $600,000 +7.1% |
| 2012 | -- | $560,000 |
| 2011 | -- | $560,000 |
| 2010 | -- | $560,000 -21.6% |
| 2009 | -- | $714,404 +2% |
| 2008 | -- | $700,397 +2% |
| 2007 | -- | $686,664 +2% |
| 2006 | -- | $673,200 +22.2% |
| 2005 | -- | $550,800 +1393.8% |
| 2004 | -- | $36,873 +1.9% |
| 2003 | -- | $36,198 +2% |
| 2002 | -- | $35,489 +4% |
| 2000 | -- | $34,112 |
Find assessor info on the county website
Neighborhood: South Los Angeles
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Nearby schools
GreatSchools rating
- 7/10Menlo Avenue Elementary SchoolGrades: K-8Distance: 0.5 mi
- 3/10Manual Arts Senior High SchoolGrades: 9-12Distance: 0.3 mi
- 2/10Barack Obama Global Preparation AcademyGrades: 6-12Distance: 1.2 mi
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Estimated market value
$980,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$980,000
- California
- Los Angeles County
- Los Angeles
- 90037
- South Los Angeles
- 1079 Leighton Ave
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