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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$1,100,000

Est. payment - /mo

5,963 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW25232815

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1905

Lot Size 5,963 Sqft

Property Sub-Type Quadruplex

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 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 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

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Interior Features Multiple Staircases

Heating Wall Furnace

Cooling None

Flooring See Remarks

Fireplaces Type None

Fireplace No

Laundry See Remarks

Exterior

Parking Features Assigned, Door-Single, Garage

Garage Spaces 4.0

Garage Description 4.0

Fence Vinyl

Pool None

Community Features Street Lights

Utilities Available Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Near Public Transit

Story 2

Sewer Public Sewer

Water Public

Architectural Style Craftsman

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5072032004

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Government Loan, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA, Government Loan, VA Loan

Special Listing Condition Standard

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Listed by Walner Hernandez Keller Williams World Media Center 310-628-7008, DRE #01318574

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

1661 Arlington AVE Los Angeles, CA 90019

Ernie Caponera

Key Details

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Interior

Exterior

Building

Others

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1661 Arlington AVE