$1,600,000 Price Analysis   ♡   Los Angeles, CA 90019 9 bed 9 bath 5,797 SqFt ($276/SqFt) 6,825SqFt lot. Built 1964 Listed 2024-05-06, Taxes $2,794 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 entertinment choices in Mid-City, Miracle Mile, West Adams and 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.
Presented by Sean Rosenzweig at
Marcus & Millichap.
Property MLS #24-388373 from TheMLSCLAW
Full Bathrooms: 9
Lot Size Source: Assessor
Lot Size Square Feet: 6825
Parking Total: 9
Calculated Total Monthly Association Fees: 0
Number of Units: 9
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1900, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1900, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1900, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 2400, 5 BathsTotal: 1, 5 SquareFeet: 1500, 6 BathsTotal: 1, 6 SquareFeet: 1500, 7 BedsTotal: 2, 7 BathsTotal: 1, 7 SquareFeet: 2400, 8 BedsTotal: 1, 8 BathsTotal: 1, 8 SquareFeet: 1900, 9 BedsTotal: 1, 9 BathsTotal: 1, 9 SquareFeet: 1900
County: Los Angeles
Cap Rate: 4.02
Directions: South of Pico Boulevard & West of Wilton Place
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5072-037-017
Postal Code Plus 4: 4578
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $107,629 + $26,537 $134,166 | $2,794 |
| 2021 | $105,519 + $26,017 $131,536 | $2,729 |
| 2020 | $104,438 + $25,751 $130,189 | $2,751 |
| 2019 | $102,391 + $25,247 $127,638 | $2,688 |
| 2018 | $100,384 + $24,752 $125,136 | $2,563 |
| 2017 | $98,416 + $24,267 $122,683 | $2,484 |
| 2016 | $96,487 + $23,792 $120,279 | $2,367 |
| 2015 | $95,038 + $23,435 $118,473 | $2,346 |
| 2014 | $93,177 + $22,976 $116,153 | $2,417 |
| 2013 | $92,756 + $22,873 $115,629 | $2,402 |
| 2012 | $90,938 + $22,425 $113,363 | $2,428 |
| 2010 | $89,155 + $21,986 $111,141 | $2,335 |
| 2009 | $88,700 + $21,874 $110,574 | $2,261 |
| 2009 | $88,489 + $21,822 $110,311 | $2,261 |
| 2008 | $86,961 + $21,446 $108,407 | $2,202 |
| 2007 | $85,256 + $21,026 $106,282 | $2,122 |
$1,600,000
TheMLSCLAW
Year Built: 1964
Levels: Two Level, Multi Levels
Living Area Source: Assessor
Property Age: 60
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.