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2819 Leeward Avenue

Los Angeles, CA 90005

– beds
– baths
– sqft
9,048 sqft lot
1924 build
– on site

We are excited to present a prime investment opportunity at 2819 Leeward Ave in the vibrant Koreatown neighborhood of Los Angeles. Situated between S. Hoover St. and Vermont Ave, just one block south of Southwestern Law School, this property offers 47 units in total, including 46 single units and one one-bedroom unit. The property is offered at $104,255 per unit, equating to $183 per square foot, with an impressive 6.76% CAP rate and 7.58 GRM based on current income. Additionally, there is significant rental upside potential of 24% as units turn over. The building is separately metered for electricity and features an on-site community laundry room leased with Wash, including five washers and five dryers for added convenience. With a high Walk Score of 93, the location is ideal for residents looking for easy access to schools, employment centers, and public transit. The property is within walking distance to retail along 7th St., just one mile from the Metro D Line rail station, and steps away from several Metro local lines on 8th St. and S. Hoover St. Koreatown is one of the densest neighborhoods in Los Angeles, with a population of around 120,000. Since the early 2000s, Koreatown has seen over $1 billion in development, and the area continues to be a prime location for real estate investment due to ongoing projects and growth.

Listed By CRMLS_CA / Neema Ahadian / Marcus & Millichap

Last checked: Checking… • Last updated Mar 27, 2025 •

MLS# 25517333 —

The Building

Year Built:

1924
New Construction:

No
Building Area Total:

26756.00
Total Number Of Units:

47
# of Buildings:

1
Stories Total:

4

Interior

Levels:

Three Or More

Location

Directions:

Just west of S Hoover St
Latitude:

34.05905700
Longitude:

-118.28481700

The Property

Property Type:

Residential Income
Zoning:

LAR4
Lot Size Area:

9048.0000
Lot Size Dimensions:

59x155
Lot Size Acres:

0.2077
Lot Size SqFt:

9048.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5077015015

Heating & Cooling

Heating:

None
Cooling:

No
Cooling:

None

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

No
Parking:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/27/25 Mar 27, 2025	Listed / Active	CRMLS_CA	$4,900,000

Multifamily For Sale

$4,900,000

Listing provided by broker:

Neema Ahadian

Marcus & Millichap

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This multifamily located in Central LA, Los Angeles, CA 90005 is currently for sale for $4,900,000. 2819 Leeward Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. 2819 Leeward Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 93, making it a walker’s paradise. This multifamily is in the attendance area of Young Oak Kim Academy, Berendo Middle School, Rfk Comm Schls Ucla Community School K12, Rfk Comm Schls Los Angeles High School Of The Arts, Rfk Comm Schls New Open World Academy K12, Hoover Street Elementary School, and Rfk Comm Schls School For Visual Arts And Humanities.

Listing Courtesy of: CRMLS_CA and Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of 08:05 on Mar 31.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.