1522 S 2nd Ave - Apartments FOR SALE


Los Angeles, CA 90019- Arlington Heights
$1,600,000 USD
818-319-9191
1522 S 2nd Ave, Los Angeles, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/9
null | 5.01% Cap Rate

1522 S 2nd Ave
Los Angeles, CA 90019
Arlington Heights


HIGHLIGHTS

  • Gross Rental Income: $107,400.00
  • Net Operating Income (NOI): $80,266.00
  • Parking: 5 spaces
  • Occupancy: 100%

OVERVIEW

Exciting Investment Opportunity in Prime Arlington Heights – Welcome to the Heart of Mid-City Living! Unlock the potential of this four-unit income property in the red-hot Arlington Heights neighborhood of Mid-City, Los Angeles! Featuring a dynamic unit mix—two spacious 3-bed/2-bath units and three cozy singles (1 non-conforming)—this property is packed with potential and primed for growth. Whether you’re looking to renovate, reposition, or expand, this is your golden ticket to passive income in one of L.A.’s most strategically located neighborhoods. Sitting on a generous 7,502 sq ft lot, with 3,452 sq ft of living space, this gem includes three detached garages—perfect candidates for ADU conversions (subject to city approval). The existing units boast high ceilings, large windows, open floor plans, and charming period details that blend old-world character with modern-day appeal. This setup offers much larger-than-average square footage compared to newer builds—an undeniable value-add in today’s rental market. And let’s talk location—Mid-City/Arlington Heights (90019) is where it’s at! You’re just minutes from The Grove, LACMA, La Brea Tar Pits, and Runyon Canyon. Plus, with top-rated schools like Pio Pico Middle School and Los Angeles Senior High nearby, it’s an ideal setting for families and professionals alike. This diverse, vibrant community is filled with eclectic dining options, rich cultural landmarks, and easy access to Downtown LA, Koreatown, and the Westside. Whether you’re an investor chasing upside potential or a developer with vision, this property delivers the perfect blend of charm, location, and opportunity. Don’t miss out on one of the most exciting multifamily offerings in the area.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$463 USD /SF

# OF UNITS

5

PRICE/UNIT

$320,000

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RD1.5-1-O-CP, Los Angeles

APN/PARCEL ID

5072-034-019

ASK ABOUT THIS PROPERTY

Blas FernandezIkon PropertiesMore Info
818-319-9191

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Blas FernandezIkon PropertiesMore Info
818-319-9191

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