1929 Arlington Ave - Apartments FOR SALE


Los Angeles, CA 90018- Arlington Heights
$3,175,000 USD
818-657-6555
1929 Arlington Ave, Los Angeles, CA for Sale
$3,175,000 USD
Apartments - FOR SALE
1/4
null | 5.11% Cap Rate

1929 Arlington Ave
Los Angeles, CA 90018
Arlington Heights


HIGHLIGHTS

  • Partnership Wants It Sold!
  • Over 75% Upside in Rent
  • Soft Story Retrofit Completed
  • Roof Only 5 Years Old
  • Plumbing Redone 5 Years Ago
  • Seller Owned Laundry

OVERVIEW

PARTNERSHIP WANTS IT SOLD — Listed near original purchase price. Arlington Apartments is an 18-unit multifamily opportunity located in the centrally positioned Arlington Heights submarket, just minutes from Koreatown, Mid-City, and Mid-Wilshire. The property was built in 1964 and sits on a 12,899 SF LAR3-zoned lot with a total building size of approximately 14,042 SF. This asset features a strong unit mix, with over 50% 2-bedroom units and nearly 75% upside in rents. The soft story retrofit has already been completed, and the laundry machines are seller-owned, adding additional income potential. With walkable access to local restaurants, bars, and art galleries along Washington Blvd and Wilshire, Arlington Heights has become a popular, transit-friendly neighborhood with cultural diversity and steady growth. Its location just north of the 10 Freeway allows for quick access to Culver City, Downtown LA, and major employment hubs across the city. This is a solid value-add play in a high-demand rental market, backed by a motivated seller and priced to move.

FOR SALE DETAILS

PRICE

$3,175,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

18

PRICE/UNIT

$176,389

CAP RATE

5.11%

% 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

1964

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,898 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

5060-031-022

ASK ABOUT THIS PROPERTY

Hirsch ShermanKW CommercialMore Info
818-657-6555

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Hirsch ShermanKW CommercialMore Info
818-657-6555

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