1409 Arlington Avenue
Los Angeles, CA, 90019
$1,550,000
Beds
0 Baths
SqFt
0.16 Acres
Add
We are pleased to offer for sale a 9-unit apartment community located at 1409 Arlington Avenue. The subject property is located south of Pico Boulevard and east of Crenshaw Avenue. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase. The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on a 6,828 square foot parcel, the property is comprised of two studio units, five one-bedroom units, and two two-bedroom units. The property has 64% remaining rental upside through unit renovations along with on-site parking for every unit and on-site laundry facilities. 1409 Arlington Avenue offers investors an opportunity to acquire an asset in a sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market rents moving forward, makes 1409 Arlington Avenue an excellent acquisition opportunity.

Property Details

Price:
$1,550,000
MLS #:
24388373
Status:
Active Under Contract
Baths:
0
Address:
1409 Arlington Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
May 6, 2024
State:
CA
ZIP:
90019
Lot Size:
6,825 sqft / 0.16 acres (approx)
Year Built:
1964
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Exterior

Parking Features
Covered, Uncovered
Parking Spots
9.00
Stories Total
2

Financial

Map

Community

Similar Listings Nearby

1409 Arlington Avenue
Los Angeles, CA