Los Angeles, CA 90019,1409 Arlington Ave
Los Angeles, CA 90019,1409 Arlington Ave
Los Angeles, CA 90019,1409 Arlington Ave
Los Angeles, CA 90019,1409 Arlington Ave
Los Angeles, CA 90019,1409 Arlington Ave
Los Angeles, CA 90019,1409 Arlington Ave
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$1,460,000

$1,550,000

5.8%
Est.Price: ?

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Est. payment /mo

9 Beds

9 Baths

5,797 SqFt


SOLD DATE : 11/19/2024

Key Details

Sold Price $1,460,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,797 sqft

Price per Sqft $251

MLS Listing ID 24-388373

Sold Date 11/19/24

Bedrooms 9

Year Built 1964

Lot Size 6,825 Sqft

Acres 0.1567

Property Description

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.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Garage Covered Parking, Uncovered

Garage Spaces 9.0

Building

Story 2

Level or Stories Two, Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Marcus & Millichap
Bought with Eagles Mortgage Company Inc.
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