$1,105,000
$1,100,000
0.5%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
6 Baths
3,018 SqFt
SOLD DATE : 03/13/2025
Key Details
Sold Price $1,105,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,018 sqft
Price per Sqft $366
MLS Listing ID 25497245
Sold Date 03/13/25
Bedrooms 7
Year Built 1949
Lot Size 7,503 Sqft
Acres 0.1722
Property Sub-Type Multi-Family
Property Description
Located in the highly sought-after Arlington Heights area of Los Angeles, this property sits in a strong rental market, offering an easy-to-manage building with incredible potential. This exceptional investment opportunity boasts a stabilized 5% Cap Rate and nearly 55% rental upsideideal for the savvy investor seeking long-term growth. All units are separately metered for water, gas, and electricity, ensuring low operating expenses. The property includes ample parking with 6 spaces (1 per unit) and the potential to add ADUs. Recent improvements include a retrofitted balcony with an approved staircase, newly paved driveway and parking area, and a roof upgrade in 2021. A prime opportunity for those looking to maximize returns in an up-and-coming neighborhood of Los Angeles.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LARD2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Equipment Refrigerator, Range/Oven
Exterior
Parking Features Assigned, Private
Garage Spaces 6.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Thousands Realty & Management
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "