1329 2Nd Ave Los Angeles, CA 90019
Call to check price and availability
Prime Arlington Heights location, strong cash flow, value-add potential.
Property size:
5,824 SFProperty Features for 1329 2Nd Ave
General Information
- Property type
- Multifamily properties
- Square Feet
- 5,824 SF
Building Details
- Year Built
- 1906
- Buildings
- 2
- Stories
- 2
- Units
- 6
Listing Agency: The Hirth Group Listing Agent: Daniel Hirth
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This six-unit multifamily property in Los Angeles's Arlington Heights offers a compelling investment opportunity. The property consists of two buildings: a fourplex and a duplex, totaling 5,824 square feet on a 7,500 square foot lot. Built in 1906, the two-story complex features six units – two 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units (one upgraded to a 2-bedroom layout). Each unit has individual gas and electric meters. Six private parking spaces are included, a significant advantage in this location. The property currently generates a NOI of $98,624, representing a 5.85% cap rate. Pro forma NOI is projected at $117,092, resulting in a 6.81% cap rate. The asking price is $1,685,000, or $280,833 per unit and $289.32 per square foot. The property is zoned LARD1.5 and benefits from its location near major freeways (10 and 110), public transportation (Wilshire/Western Metro Station), and key areas like Koreatown, Downtown Los Angeles, and Culver City. Arlington Heights' ongoing revitalization and increasing demand for rental units make this a strong value-add investment with significant upside potential through renovations and re-tenanting. The existing unit conversions offer flexibility for future development, subject to local zoning regulations.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.31894436804
- Latitude
- 34.046300269907
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Prime Arlington Heights location, strong cash flow, value-add potential.
Where is this multifamily property located?
The property is located at 1329 2Nd Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,685,000.
What are key features of this property?
This property features: Six-unit multifamily property with stable current income.; Two-building complex: fourplex and duplex totaling 5,824 square feet on a 7,500 square foot lot.; Six on-site parking spaces.
