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1409 Arlington Ave Los Angeles, CA, 90019
$1,600,000 Commercial for sale Other
We are pleased to offer for sale a 9-unit apartment community located at 1409 Arlington Avenue. The subject property is located south of Pico Boulevard and east of Crenshaw Avenue. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase.The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on a 6,828 square foot parcel, the property is comprised of two studio units, five one-bedroom units, and two two-bedroom units. The property has 65% remaining rental upside through unit renovations along with on-site parking for every unit and on-site laundry facilities. 1409 Arlington Avenue offers investors an opportunity to acquire an asset in a sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market ren
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Property details
5,797 sqft interior area
Land area
6,825 sqft (0.16 acres)
Days on Verhouse
14
Address
1409 Arlington Ave, Los Angeles, CA, 90019
City of California
Los Angeles
County
Los Angeles
Year Built
1964
District
Listing
Nearby major retailers
T-Mobile
Albertsons
Trader Joe's
Whole Foods Market
Mobile phone: 7
Supermarket: 12
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Interior Features
—
Garage & Parking
Covered, Other, Uncovered Parking Space
Listed by
Sean Rosenzweig, Marcus & Millichap
Name
Sean Rosenzweig
License number
01406343
Brokerage company
Marcus & Millichap
MLS #
CL24388373
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Calculate your monthly payments
Mortgage
$4,913
Taxes
$0
HOA dues
$0
Mortgage
$320,000 / 20%
2.28%
30 years
Your amount
$4,913 / month
Lot details
TMK #5072037017
Parcel nr.
5072037017
90019 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90019
42%
Families with children
National average: 39%
45%
Non family households
797,686
Population
$71,009
Average Income
Age & gender
Median age 35 years
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Commute types
70% commute by car
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Education level
24% have not graduated education
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Number of employees
1% work in retail trade
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Vehicles available
45% have 1 vehicle
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Vehicles by gender
45% have 1 vehicle
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Housing market insights for
$1.39m
Neighborhood average
sales price*
sales price*
$1.12m
Neighborhood median
sales price*
sales price*
639
Number
of sales*
of sales*
Housing type
33% are apartments
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Rooms
36% of the houses have 2 or 3 rooms
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Bedrooms
44% have 2 or 3 bedrooms
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Owners vs Renters
80% are renters
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13.67 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing May 6, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 6, 2024 | New Listing | $1,600,000 | 0 | MLS #CL24388373 |
Taxes of 1409 Arlington Ave, Los Angeles, CA, 90019
LARD zoning / MLS #CL24388373
Zoning
LARD
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Frequently Asked Questions about 1409 Arlington Ave
What is 1409 Arlington Ave?
1409 Arlington Ave is a Commercial/Industrial propertywith 5,797 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1409 Arlington Ave, Los Angeles, CA, 90019.
What comparable properties are nearby?
Comparable nearby commercial properties include 1400 S Wilton Pl, 1251 S Wilton Pl, 3203 W 17th St, 2460 W 18th St, 1152 S Bronson Ave, 2110 6th Ave.
Based on information from the bridgeMLS as of 05-19-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 14, 2024
Verhouse Last checked 11 minutes ago
The closest grocery stores are Food 4 Less, 0.54 miles away and Ralphs, 1.12 miles away.
The 90019 zip area has a population of 797,686, and 42% of the families have children. The median age is 35.31 years and 70% commute by car. The most popular housing type is "apartment" and 80% is renter.
