Located in the highly sought-after Arlington Heights area of Los Angeles, this property sits in a strong rental market, offering an easy-to-manage building with incredible potential. This exceptional investment opportunity boasts a stabilized 5% Cap Rate and nearly 55% rental upsideideal for the savvy investor seeking long-term growth. All units are separately metered for water, gas, and electricity, ensuring low operating expenses. The property includes ample parking with 6 spaces (1 per unit) and the potential to add ADUs. Recent improvements include a retrofitted balcony with an approved staircase, newly paved driveway and parking area, and a roof upgrade in 2021. A prime opportunity for those looking to maximize returns in an up-and-coming neighborhood of Los Angeles.
Property Details
Price:
$1,100,000
MLS #:
25497245
Status:
Active Under Contract
Baths:
0
Address:
1714 7th Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Feb 10, 2025
State:
CA
ZIP:
90019
Lot Size:
7,503 sqft / 0.17 acres (approx)
Year Built:
1949
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Schools
Interior
Appliances
Refrigerator
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
Assigned, Private
Parking Spots
6.00
Stories Total
2
Financial
Map
Community
- Address1714 7th Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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1714 7th Avenue
Los Angeles, CA
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