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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.
Last Updated | 10/1/2024 | Year Built | 1964 |
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Community | Mid Los Angeles | County | Los Angeles |
Price History
Prior to Jul 1, '24 | $1,600,000 |
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Jul 1, '24 - Today | $1,550,000 |
Additional Details
AREA | Mid Los Angeles |
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GARAGE | Covered, Uncovered |
LOT | 6825 sq ft |
PARKING | Covered,Uncovered |
STORIES | 2 |
ZONING | LARD1.5 |
Location
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