1329 2nd Ave Los Angeles, CA 90019-4504
Entity Owned
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$1.16M
Range $1.04M – $1.28M (±10%)
Property ID
US10-0461012
Property summary
AI-generated 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
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1906
Construction
WOOD
Total area
5,824 SF
Lot
0.17 ac (7,500 SF)
Zoning code
LARD1.5
APN
5072-036-019
UPID
US10-0461012
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.16M
Owner & transaction history
since 2025
Last sale
$1.4M
2 recorded transactions
Zoning & alternative use
LARD1.5 · Los Angeles, CA
Top alternative use upside
Commercial (general)
$1.7M
+32.8%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.16M
Value range
$1.04M – $1.28M
±10% around blend
Estimated value / SF
$199 / SF
Confidence
High
6 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
60
$1.04M
blend $1.16M
$1.28M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,824 SF
Lot area
0.17 ac
Year built
1906
APN
5072-036-019
Assessed value
$1,530,000
Annual tax
$19,537
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.42M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.6 mi away · 5,368 SF
0.6 mi away · 7,388 SF
0.8 mi away · 5,220 SF
0.8 mi away · 4,488 SF
0.9 mi away · 4,114 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.16M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 201 sales
$225
-12%
Submarket 4649 sales
$251
-21%
County 11934 sales
$264
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $199/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+33%
vs current-use indication
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.36M
Move the market yield to see immediate price impact.
Value / SF
$234
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$86k
$1.72M
$1.23M
$956k
$96k
$1.91M
$1.36M
$1.06M
$105k
$2.10M
$1.50M
$1.17M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$750k
0.5 mi · Oct 2025 · $142/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,537
Tax year 2024
Assessed value
$1,530,000
Assessed 2024
Previous assessed
$1,530,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,020,000
Assessed improvement
$510,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1906
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
6
Bathrooms
6
Total area
5,824 SF
Lot
0.17 ac (7,500 SF)
Zoning code
LARD1.5
APN
5072-036-019
UPID
US10-0461012
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Los Angeles, CAZoning LARD1.5 · permitted uses
LARD1.5 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1906
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
6
Bathrooms
6
Lot
0.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LARD1.5
Jurisdiction
Los Angeles, CA
Recorded code
LARD1.5
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LARD1.5 in Los Angeles, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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