$1,600,000
1409 Arlington Avenue, Los Angeles 90019
9
Beds
9
Baths
5,797
Square feet
6,825
Lot Size
9
# Of Units
Listing Agent
Sean Rosenzweig - Marcus & MillichapWe 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 65% 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.
Facts & Features
MLS® # | 24388373 |
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Price | $1,600,000 |
Bedrooms | 9 |
Bathrooms | 9.00 |
Square Footage | 5,797 |
Lot Size | 6,825 |
Year Built | 1964 |
Type | Residential Income |
Status | Active |
# Of Units | 9 |
Community Information
Address | 1409 Arlington Avenue |
---|---|
Area | C16 - Mid Los Angeles |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90019 |
Amenities
Parking Spaces | 9 |
---|---|
Parking | Covered, Uncovered |
Garages | Covered, Uncovered |
Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 2 |
Stories | Two, Multi/Split |
Additional Information
Date Listed | May 6th, 2024 |
---|---|
Days on Market | 13 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Sean Rosenzweig |
---|---|
Office | Marcus & Millichap |