1661 Arlington Avenue, Los Angeles, CA 90019
- $1,100,000
- List Price
- $1,100,000
- Price Change
- ▼ $100,000 1767565125
- Status
- ACTIVE
- MLS#
- DW25232815
- Year Built
- 1905
- Lot Size
- 5,963
- Acres
- 0.14
- Lot Location
- 0-1 Unit/Acre, Back Yard, Front Yard, Near Public Transit
- Days on Market
- 299
- Property Type
- Multifamily
- Style
- Craftsman
- Property Sub Type
- Quadruplex
Property Description
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.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Wood Siding
- Roof
- Composition, Shingle
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Multiple Staircases
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $81,477
- Operating Expense
- 23870
- Garage Spaces
- 4
- Parking Spaces
- 4
Listing courtesy of Listing Agent: Walner Hernandez (wallyhomeskw@gmail.com) from Listing Office: Keller Williams World Media Center.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.