$1,825,000
- Beds
- 8
- sq ft
- 4,628
1419 S Bronson Ave, Los Angeles, CA 90019
1419 S Bronson Ave
Los Angeles, CA 90019
- 29 days on market
We are pleased to present this 4-unit investment property located in the desirable Arlington Heights neighborhood of Los Angeles.Built in 1924, this rent-controlled property offers 4,628 square feet of gross building area and sits on a 6,281 square foot lot (0.14 acres). Each of the four units contains 2 bedrooms and 1.5 bathrooms, with two of the units featuring an additional den/office space. The units with the extra den/office are approximately 1,262 rentable square feet, while those without are about 1,052 square feet.Additionally, two of the four units are currently vacant and will be delivered vacant to the buyer at close of escrow.The seller has preliminary plans to build two detached ADUs in the parking lot behind the building. Each ADU is designed to be around 900 square feet, featuring 2 bedrooms and 2 bathrooms. With construction costs estimated between $225 and $250 per square foot, the total cost for each ADU is projected to be between $200,000 and $225,000. Once completed, these ADUs are expected to generate at least $3,500 per month in rent ($7,000 combined), adding an additional $84,000 in annual rental income. Arlington Heights is a highly attractive neighborhood for multifamily investors, offering a prime location in Central Los Angeles with strong rental demand. The neighborhood's historical charm, combined with its proximity to major city hubs, ensures a steady influx of tenants seeking convenient urban living. With well-maintained properties and a vibrant community atmosphere, Arlington Heights provides a stable and potentially lucrative environment for real estate investors looking to capitalize on a high-demand area with enduring appeal.
Details
Property type
Lot size
6,283 sq ft
Price per sq ft
$395
Year built
1924
HOA
No
Price History
08/21/2024
CLAW #24430759
Listed
$1,825,000
+114.71%
05/10/2024
CLAW #24372099
Sold
$850,000
-10.53%
04/03/2024
CLAW #24372099
Listed
$950,000
Schools & Community
Neighborhood:
Mid City
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/20/2024 at 1:50 AM
Listing updated: 08/29/2024 at 7:00 AM
Listed by: Filip Niculete, Marcus & Millichap Phone #: (818) 212-2700
MLS: CLAW #24430759
Recently listed in Los Angeles
$795,000|1 bd|1.0 ba|House
$1,499,000|3 bd|1.75 ba|House
$1,850,000|6 bd|6.0 ba|House
$4,477,000|4 bd|5.0 ba|House
$1,499,000|3 bd|3.0 ba|House
$2,500,000|3 bd|3.0 ba|House
$580,000|2 bd|1.0 ba|House
$1,049,000|2 bd|2.0 ba|Condo
$2,095,000|3 bd|4.5 ba|House
$3,398,000|4 bd|4.5 ba|Townhouse
Explore top cities in California