1661 Arlington Avenue, Los Angeles, CA 90019 - MLS#DW25232815

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,200,000

Est. payment | -/mo

6 Beds

5,963 Sqft Lot

Save Virtual Tour

$ 1,200,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

5,963 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW25232815

Bedrooms 6

Lot Size 5,963 Sqft

Property Sub-Type Res Income 2-4 Units

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 citys 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 next project.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Arlington Ave & Venice Blvd

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Tax ID 5072032004

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Virtual Tour https://wallyhomes.kw.com/

Listed by Walner Hernandez Keller Williams World Media Center

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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1661 Arlington Avenue Los Angeles, CA 90019