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    1513 Arlington Ave Los Angeles, CA 90019

    View on Map
    Sponsored
    For Sale
    $1,575,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    5,857 SF
    Lot size:
    0.17 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 26 at 10:06 pm

    Property Features for 1513 Arlington Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LARD1.5
    Rooms
    Bedroom 2, Bedroom 5, Bathroom 6, Bedroom 1, Bathroom 8, Bathroom 7, Bedroom 8, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 9, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 9, Bathroom 5, Bedroom 7, Bathroom 1
    Bedrooms
    9
    Bathrooms
    9
    APN
    5072-034-003
    Parking
    13
    Size
    5,857 SF
    Lot size
    0.17 Acres

    Building Details

    Year built
    1963
    Floors in Building
    2
    Number of units
    9

    We can help!

    Listing Contact
    Josh Kaplan

    Equity Union Real Estate

    Listing agent Josh Kaplan License #01934177

    Listing date Mar 26, 2026

    MLS# 26669943

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Arlington Heights Multifamily Investment Opportunity

    Located in the Arlington Heights neighborhood of Los Angeles, 1513 Arlington Ave. is a nine-unit multifamily property constructed in 1963. The two-story building features a mix of studio, one-bedroom, and two-bedroom apartments. The units have well-designed floor plans with large bedrooms, bathrooms, kitchens, living areas, and ample closet space. Select units have been updated with vinyl plank flooring, LED lighting, stainless steel appliances, kitchen cabinetry, granite countertops, and updated bathroom vanities, sinks, and tiled tubs. Each unit includes a wall heating system and double-pane windows, with some units also featuring wall-mounted air conditioning. The building has undergone capital improvements, including a TPO roofing system, copper plumbing, a soft-story seismic retrofit, and upgraded double-pane windows. Community amenities include an on-site laundry facility with two washers and two dryers. The current owner has started implementing a utility reimbursement program (RUBS) for new tenant leases. The front and rear tuck-under parking areas may offer opportunities for accessory dwelling unit development. The property is near the intersection of Arlington Avenue and Pico Boulevard, providing convenient access to retail, restaurants, and neighborhood amenities. It offers connectivity throughout Los Angeles with access to the 10 Freeway and major arterial streets. The location allows for commuting to Downtown Los Angeles, Koreatown, West Los Angeles, Beverly Hills, Hollywood, and the greater Los Angeles metropolitan area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.318064
    Latitude
    34.045025

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit multifamily property in a central Los Angeles location.
    Where is this apartment building located?
    The property is located at 1513 Arlington Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: - Value-add opportunity with one vacant unit and strong rental upside potential.; - Centrally located in the Arlington Heights neighborhood of Los Angeles, providing easy access to major employment centers and amenities.; - Significant capital improvements including a TPO roofing system, copper plumbing, soft-story seismic retrofit, and upgraded double pane windows.
    (818) 989-2000
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1513 Arlington Ave Los Angeles, CA 90019
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