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Listed by Walner Hernandez • Keller Williams World Media Center
$ 1,200,000
Est. payment /mo
Active
1661 Arlington AVE Los Angeles, CA 90019
5,963 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW25232815
Style Craftsman
Year Built 1905
Lot Size 5,963 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Heating Wall Furnace
Cooling None
Flooring Other
Exterior
Parking Features Assigned Spaces, Garage
Garage Spaces 4.0
Pool 31, None
View None
Roof Type Shingle,Composition
Building
Water District - Public
Architectural Style Craftsman
Others
Tax ID 5072032004
Special Listing Condition Not Applicable
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