1409 Arlington Avenue, Los Angeles

$1,600,000

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9 Beds
9 Baths
5,797 Sqft
.16 Acre
0 Garage

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 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.

Essential Information

MLS® #
24388373
Price
$1,600,000
Bedrooms
9
Bathrooms
9.00
Square Footage
5,797
Acres
0.16
Year Built
1964
Type
Residential Income
Status
Active

Community Information

Address
1409 Arlington Avenue
Area
C16 - Mid Los Angeles
City
Los Angeles
County
Los Angeles
Zip Code
90019
Senior Community
N

Amenities

Parking Spaces
9
Parking
Covered, Uncovered
Garages
Covered, Uncovered

Interior

# of Stories
2
Stories
Two, Multi/Split

Additional Information

Date Listed
May 6th, 2024
Days on Market
13
Zoning
LARD1.5

Listing Details

Agent
Sean Rosenzweig
Office
Marcus & Millichap

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Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2024 at 10:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.