Investment opportunity in Arlington Heights! This charming Craftsman-style fourplex is located in the heart of Mid-City Los Angeles, one of the city s 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… Read More 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. Read Less
Courtesy of Keller Williams World Media Center 818-239-3500
Listing Snapshot
Days Online
255
Last Updated
Property Type
Other
Beds
6
Square Ft.
2,973
Lot Size
0.14 Acres
Year Built
1905
MLS Number
DW25232815MR
30 Days Snapshot Of 90019
$986k
-30%
(avg) sold price
1
-92%
home sold
226
+205%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2,973 sq ft, Built in 1905, "Attached", "Craftsman"
Community
"Street Lights"
Cooling
"None"
Disclosures
"Rent Control", "Repairs Cosmetic"
Exterior Features
"Wood"
Fence
"Vinyl"
Fireplaces
"None"
Garage
4 total garage spaces, "Assigned", "Garage - 1 Car"
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