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1929 Arlington Avenue

Los Angeles, CA 90018

PRICE REDUCED

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-$596,000 (-14.92%)

$3,399,000

List Price

27

bed Beds

24

shower Baths

14,042 sqft

straighten / sqft

1964

calendar_month Built

Property Description

PARTNERSHIP WANTS IT SOLD!!! (Listed Price Close to What Partnership Paid When They Purchased the Building) We are pleased to present the opportunity to acquire Arlington Apartments in the submarket of Arlington Heights (LA Market) and in close proximity to Mid-City and Koreatown. This offering includes an 18-unit multifamily building built in 1964 with a foot print of approximately 14,042 SF, sitting on a 12,899 SF lot zoned LAR3. Arlington Apartments offers an investor a significant value add opportunity with approximately 75% (+/-) potential upside in rents spread across a desirable unit mix of over 50% 2 bedroom units. Soft story retrofit has been completed and the seller owns the laundry machines. This well-located multifamily property offers an investor a rare opportunity to secure a larger sized asset in a high demand and growth submarket with real reposition opportunity and impressive frontage. Arlington Heights is diverse and populated neighborhood in Central Los Angeles with Koreatown to the north, Mid-City and Mid-Wilshire to the west, Jefferson Park to the south and Harvard Heights to the east. Located centrally in Los Angeles, Arlington Heights is a transit friendly melting pot of cultural influences. Situated just north of the 10 FWY, this neighborhood provides easy access to Culver City to the west and downtown LA to the east. Along La Brea Avenue, Wilshire Blvd, and Western Ave you will find restaurants and popular bars. The stretch of Washington Blvd, anchored by the Underground Museum between 3rd and 6th avenues, is becoming a desirable location for art galleries and boutiques. Nestled right at the convergence of main thoroughfares and freeways, Arlington Heights allows for easy access to the wider region of LA and key employment centers.

Listing Information

List Price $3,399,000
Status Active
MLS 24399531
Type Residential Income
Year Built 1964
Lot Size 12,899
Structure Size 14,042
DOM 193
Courtesy Of Keller Williams Realty Calabasas
Listing Agent Hirsch Sherman DRE#00710184

Interior Features

Total Bedroom
Bedrooms 27
Total Bathroom
Bathrooms 24
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

home_work Nearby Properties

Image

$1,075,000

king_bed 4
shower 3
straighten 2,047
straighten 4,201
2101 Arlington Avenue,

Los Angeles, CA 90018
Image

$2,500/month

king_bed 2
shower 2
straighten 1,150
straighten 5,835
1839 Arlington Avenue,

Los Angeles, CA 90019
Image

$3,250/month

king_bed 2
shower 2
straighten 800
straighten 6,880
3203 W 18Th Street,

Los Angeles, CA 90019
Image

$1,500,000

king_bed 7
shower 7
straighten 2,869
straighten 6,880
3201 W 18Th Street,

Los Angeles, CA 90019
Image

$240,000

king_bed N/A
shower N/A
straighten N/A
straighten N/A
1911 4Th,

Los Angeles, CA 90018

Listing information courtesy of: Hirsch Sherman, Keller Williams Realty Calabasas 818-657-6555. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 14th, 2024 at 1:11 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.