1519 Armacost Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$2,800,000 USD
310-968-5303
1519 Armacost Ave, Los Angeles, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/9
null | 5.65% Cap Rate

1519 Armacost Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • 11-Unit Apartment Building Located in Prime West Los Angeles
  • Built in 1959 – Proven, Timeless Construction with Strong, Durable West Los Angeles Rental Demand
  • Excellent Unit Mix and Significant Rental Upside
  • Professionally Managed, Easy-to-Operate Asset
  • Potential ADU Development (Buyer to Verify)
  • In Close Proximity to Dining, Retail, and Nightlife

OVERVIEW

Jonathan Taksa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 1519 Armacost Avenue, an 11-unit apartment building located in a prime Westside location of Los Angeles. 1519 Armacost Avenue offers investors the rare opportunity to acquire a professionally managed, low-maintenance multifamily asset in one of the most desirable rental submarkets on the Westside. Offered for the first time in decades, the property reflects long-term ownership, pride of management, and stable operations. Built in 1959, the property features a well-balanced and highly functional unit mix consisting of five bachelor units, five one-bedroom / one-bath units, and one two-bedroom / two-bath unit, appealing to a broad West Los Angeles renter demographic. The building is separately metered for gas and electricity, enhancing operational efficiency and limiting owner expense exposure. The property offers on-site parking and a dedicated on-site laundry room, both valuable amenities in this centrally located Westside setting. Residents enjoy a walkable lifestyle with close proximity to high-end dining, retail, and nightlife, reinforcing consistent rental demand. With current rents below market, the property presents significant rental upside through turnover and interior renovations. Additionally, the site offers potential ADU expansion opportunities (Buyer to verify), providing future flexibility and optionality for the next owner. This offering represents a compelling opportunity to acquire a stable Westside asset with long-term income growth and upside potential.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$509 USD /SF

# OF UNITS

11

PRICE/UNIT

$254,545

CAP RATE

5.65%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,129 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

4263-034-010

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.