An attractive Mid City investment opportunity in the desirable Arlington Heights submarket of Los Angeles. Located at 1542 2nd Avenue, the property consists of 8 total units including 1 one bedroom one bathroom unit, 6 two bedroom one bathroom units, and 1 three bedroom one and three quarter bathroom unit. All units are separately metered and the property offers ample on site parking along with substantial interior value add potential. This well maintained asset features a unique and highly desirable unit mix and offers additional upside through ADU potential above the existing carports. Further opportunity for rental growth is supported by the completed seismic retrofit, enhancing both long term stability and operational flexibility. Positioned on quiet Arlington Heights residential streets, the property is conveniently located near local schools, shopping, and neighborhood attractions. With a current cap rate of 4.93%, this offering presents an excellent opportunity for investors seeking to park capital in a stabilized asset while capturing over 40% rental upside potential over time.
Property Details
Price:
$1,850,000
MLS #:
25631651
Status:
Active
Beds:
16
Baths:
9
Type:
Single Family
Neighborhood:
c16midlosangeles
Listed Date:
Jan 21, 2026
Finished Sq Ft:
5,472
Total Sq Ft:
5,472
Lot Size:
7,501 sqft / 0.17 acres (approx)
Year Built:
1962
See this Listing
Schools
Interior
Cooling
NO
Exterior
Parking Spots
8
Financial
Map
Community
- Address1542 2nd AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Feb 24, 2026
7,098
Single Family Listed
79
Avg DOM
503
Avg $ / SqFt
$1,479,955
Avg List Price
Property Summary
- 1542 2nd AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90019. It is listed for $1,850,000 and features 16 beds, 9 baths, and has approximately 5,472 square feet of living space, and was originally constructed in 1962. The current price per square foot is $338. The average price per square foot for Single Family listings in Los Angeles is $503. The average listing price for Single Family in Los Angeles is $1,479,955.
Similar Listings Nearby
1542 2nd AV
Los Angeles, CA


