1409 Arlington Avenue
$1,550,000
9
9
5,797
5,797
$267
Active Under Contract
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,...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.
- Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 1409 Arlington Avenue
Zoning
LARD1.5
Parcel Number5072037017
Total Units9.0
Living Area5797
Source Living AreaAssessor
AreaMid Los Angeles (C16)
Vacancy Rate0
Lot Size Area6825
LISTING UPDATED: 10/01/2024 09:30 AM
Property Details for 1409 Arlington Avenue
Status | Active Under Contract |
---|---|
MLS # | 24-388373 |
Days on Market | 149 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.16 AC / 6,825 SF |
County | Los Angeles County |
Building Information for 1409 Arlington Avenue
Stories2Residences-Year Built1964Building Size-Lot Size0.16 AC / 6,825 SF
Property Information for 1409 Arlington Avenue
Property History for 1409 Arlington Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1409 Arlington Avenue
Taxable ValueLand$1,040,400Additions$806,760Total$1,847,160
Tax Record2024$23,388 ($1,949 / month)
Home Facts
Total Finished SqFt5,797 SqFtAbove Grade Finished SqFt5,797 SqFtLot Size6,851 SqFtStyleMulti-Family Res (5+ Units)ZoningLARD1.5CountyLOS ANGELESAPN5072-037-017
Schools near 1409 Arlington Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Carson-Gore Academy Of Enviornmental Studies PublicK to 5 | ||
Pio Pico Middle School Public6 to 8 | ||
Los Angeles Senior High School Public9 to 12 | ||
Global Education Academy Middle School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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