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16-Unit Apartment Building
For Sale
$4,240,000

1351 Armadale Avenue, Los Angeles, CA 90042

Apartment community with balanced one- and two-bedroom layouts, on-site laundry, and resident parking.

Property Size11,856 SF
Price / SF$357.62
Days on Market12

Property Features for 1351 Armadale Avenue

General Information

Standard status Active
Size 11,856 SF
Property subtype Multi-family

Building Details

Year Built 1958
Listing Agency: Matthews Real Estate Investment Services
Listed By: Daniel Withers · License #01325901
Source: Sevengables
Added: Aug 18 Changed: Aug 29 Last Checked: Aug 22 at 7:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services

Investment Insights

Based on property information with market context.

This 16-unit apartment property, built in 1958, offers an even mix of eight one-bedroom/one-bathroom residences and eight two-bedroom/one-bathroom residences. On-site laundry and 16 parking spaces serve the community, while maintained interior and exterior areas support continued residential operations.

The property is in Highland Park near Figueroa Street, York Boulevard, Eagle Rock, and Old Pasadena. Downtown Los Angeles, Pasadena, and Glendale employment centers are identified nearby, along with Occidental College, Pasadena City College, and Caltech.

Key Highlights

  • 16‑unit apartment property built in 1958
  • Unit mix includes eight one‑bedroom/one‑bathroom and eight two‑bedroom/one‑bathroom units
  • 16 parking spaces

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Building Supply Pharmacy Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

963
Businesses Nearby

Demographics for 90042, CA

58,295
Population
22,630
Households
2.6
Avg Household Size
37
Median Age
40%
College-Educated
81%
High-School Grad
4.5 sq mi
ZIP Area
12,954
Density / Sq Mi
$94,401
Median Household Income
$49,804
Median Earnings
$1,853
Median Rent
$940,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment community with balanced one- and two-bedroom layouts, on-site laundry, and resident parking.
Where is this apartment building located?
The property is located at 1351 Armadale Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,240,000.
What are key features of this property?
This property features: 16‑unit apartment property built in 1958; Unit mix includes eight one‑bedroom/one‑bathroom and eight two‑bedroom/one‑bathroom units; 16 parking spaces
More about this property
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