$ 1,200,000
-
$1,200,000
Price -
6
Bed -
4
Bath -
2,973
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing DWKMC - DWHERWAL
Investment opportunity in Arlington Heights! This charming Craftsman-style fourplex is located in the heart of Mid-City Los Angeles, one of the city’s most central and high-demand neighborhoods. The property consists of two detached buildings on a 5,963 sqft RD1.5 lot with 2,973 sqft of living space. The front building features two spacious units, one with 2 bedrooms and 1 bath, and the other with 1 bedroom and 1 bath. Both units offer excellent potential to be remodeled and converted into 3-bedroom, 1-bath apartments to maximize rental income. One unit is currently vacant and will be delivered vacant at the close of escrow. The rear building includes a two well-sized 1-bedroom, 1-bath units. Each apartment includes a covered garage space. This is a prime value-add opportunity with multiple exit strategies. The property qualifies for FHA financing, allowing owner-occupants or investors to take advantage of favorable terms. With strong rental demand, long-term appreciation, and development potential, this asset offers tremendous upside. Ideally situated near USC, Koreatown, Downtown LA, and the Westside, this property combines classic character, convenience, and investment potential. A rare find in a sought-after neighborhood, perfect for investors or developers looking for their next project.
Listing Highlights
Status
Active
Days on Site
72
Property Type
Multi-Family
MLS ®
DW25232815
Year Built
1905
Total Square Footage
2,973
Lot/Acreage
0.14
County
Los Angeles
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor: See Remarks
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: 2 Staircases
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Back Yard,Front Yard,Near Public Transit,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Zoning: LARD1.5
- Roof: Composition,Shingle
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Garage - Single Door
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5072032004
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1661 Arlington Ave Los Angeles, CA 90019
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
