1419 S Bronson Avenue

Los Angeles, CA 90019

$1,825,000

List Price

8

bed Beds

6

shower Baths

4,628 sqft

straighten / sqft

1924

calendar_month Built

Property Description

We are pleased to present this 4-unit investment property located in the desirable Arlington Heights neighborhood of Los Angeles.Built in 1924, this rent-controlled property offers 4,628 square feet of gross building area and sits on a 6,281 square foot lot (0.14 acres). Each of the four units contains 2 bedrooms and 1.5 bathrooms, with two of the units featuring an additional den/office space. The units with the extra den/office are approximately 1,262 rentable square feet, while those without are about 1,052 square feet.Additionally, two of the four units are currently vacant and will be delivered vacant to the buyer at close of escrow.The seller has preliminary plans to build two detached ADUs in the parking lot behind the building. Each ADU is designed to be around 900 square feet, featuring 2 bedrooms and 2 bathrooms. With construction costs estimated between $225 and $250 per square foot, the total cost for each ADU is projected to be between $200,000 and $225,000. Once completed, these ADUs are expected to generate at least $3,500 per month in rent ($7,000 combined), adding an additional $84,000 in annual rental income. Arlington Heights is a highly attractive neighborhood for multifamily investors, offering a prime location in Central Los Angeles with strong rental demand. The neighborhood's historical charm, combined with its proximity to major city hubs, ensures a steady influx of tenants seeking convenient urban living. With well-maintained properties and a vibrant community atmosphere, Arlington Heights provides a stable and potentially lucrative environment for real estate investors looking to capitalize on a high-demand area with enduring appeal.

Listing Information

List Price $1,825,000
Status Active
MLS 24430759
Type Residential Income
Year Built 1924
Lot Size 6,283
Structure Size 4,628
DOM 8
Courtesy Of Marcus & Millichap
Listing Agent Filip Niculete DRE#01905352
Co-Listing Agent Glen Scher DRE#01962976

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 6

Exterior Information

Maps

Listing information courtesy of: Filip Niculete, Glen Scher, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:30 PM 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.