$1,550,000
- Beds
- 9
- sq ft
- 5,797
1409 Arlington Ave, Los Angeles, CA 90019
1409 Arlington Ave
Los Angeles, CA 90019
- 138 days on market
- Price drop $50,000↓
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.
Details
Property type
Lot size
6,825 sq ft
Price per sq ft
$268
Year built
1964
HOA
No
Price History
07/01/2024
CLAW #24388373
Price change
$1,550,000
-3.13%
05/06/2024
CLAW #24388373
Listed
$1,600,000
Schools & Community
Neighborhood:
Arlington Heights
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/21/2024 at 1:30 AM
Listing updated: 09/05/2024 at 12:49 PM
Listed by: Sean Rosenzweig, Marcus & Millichap Phone #: (310) 909-5500
MLS: CLAW #24388373
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