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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.

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2
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Additional Information
Marcus & Millichap
0
CLW-C107850
CLW-X7515101
Sean
5072037017
: Standard
Two,Multi/Split
32

Multi-Family For Sale

1409 Arlington Avenue, Los Angeles, California 90019

5,797 Sqft
$1,550,000
Listing ID #24388373
Basic Details
Status : Active
DaysOnMarket : 56
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24388373
Price : $1,550,000
Living Area : 5,797 Sqft
Lot Size : 6,825 Sqft
Year Built : 1964
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90019
Price Per Square Foot : $267
ModificationTimestamp : 2024-07-01 12:17:36
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