What is the asking price for 375 Leslie Way, Highland Park CA 90042?

The lease rate for space here is $1,250,000.

What is the total size of 375 Leslie Way, Highland Park CA 90042?

The property has a total square footage of 5,364 SF.

When was this property built?

375 Leslie Way, Highland Park CA 90042 was built in 1965.

How many parking spaces are available at 375 Leslie Way, Highland Park CA 90042?

Parking information for the property isn't currently listed. However, other nearby parking options include LADOT Parking Lot 672, located 0.31 miles away , and LADOT Lot 638, which is 0.32 miles away.

375 Leslie Way, Los Angeles, CA 90042

For Sale $1,250,000
Property Type Multi-Family
Property Size 5,364 SF
Units 6
Lot Size 0.22 Acre
Zoning LARD2
Year Built 1965
Date Updated Nov 6, 2026

Description

Austin Longwell of West Shores Realty is pleased to present 375 Leslie Way, a 6-unit apartment community in the rapidly growing Highland Park submarket of Los Angeles. Offered at $1,250,000 ($208,333 per unit, $233.04 per sq ft), the property gives investors in-place income and significant rent upside. Built in 1965, the property has approximately 5,364 sq ft of building area on a 9,568 sq ft lot. The unit mix is all two-bedrooms, four 2 bed + 1.5 bath units and two 2 bed + 1 bath units, which is highly desirable for Highland Park renters. The oversized lot provides ample parking, a rare feature in the neighborhood, as well as potential for ADU expansion. Tenants pay gas and electric. The property is currently operating at a 5.86% cap rate and 11.26 GRM. Current rents range from $1,025 to $1,920, compared with projected market rents of $2,500 for the 2+1.5s and $2,300 for the 2+1s. At market rents, net operating income grows from $73,217 to an estimated $138,340, a 11.07% cap rate and 6.99 GRM. 375 Leslie Way has a Walk Score of 81 and is within walking distance of some of Highland Park’s most popular shopping and dining. The neighborhood’s continued growth, and strong renter demand make this a compelling opportunity to add value in one of Northeast Los Angeles’s most sought-after submarkets.

Highlights

Located in the vibrant Highland Park submarket of Los Angeles. Walking distance to Museums, shops, restaurants, and night life making this an extremely desirable location to rent.
The community sits along a well-traveled mobility corridor with convenient access to 110 freeway and the Metro Gold Line station. 12 minute drive or Metro to Union Station.
The community sits within the established HIGHLAND PARK ADDITION neighborhood, an amenity-rich pocket of Los Angeles that consistently attracts renters seeking convenience and quality of life
The Los Angeles rental market benefits from strong renter demographics, including a growing population of young professionals and downsizing empty-nesters.
6-unit multifamily property located in the rapidly growing Highland Park submarket of Los Angeles
Conveniently located within walking distance of Highland Park’s popular shopping, dining, and cultural destinations (Walk Score 81)
Expansive 9,568-square-foot lot offers 8 on-site parking spaces, a highly desirable feature in the area, with potential for future ADU expansion
Spacious 2-bedroom units with a desirable unit mix: (4) 2 Bed + 1.5 Bath units & (2) 2 Bed + 1 Bath units
Strong existing rental income with a 5.86% CAP rate and 11.2 GRM, with market rents offering potential for an 11% CAP rate