1542 1/2 2nd Avenue, Los Angeles, CA 90019
- $1,250,000
- 16
- BD
- 9
- BA
- 5,472
- SqFt
- Sold Price
- $1,250,000
- List Price
- $1,550,000
- Closing Date
- Jul 08, 2026
- Status
- CLOSED
- MLS#
- 25631651
- Year Built
- 1962
- Bedrooms
- 16
- Bathrooms
- 9
- Living Sq. Ft
- 5,472
- Lot Size
- 7,501
- Acres
- 0.17
- Days on Market
- 160
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
An attractive Mid City investment opportunity in the desirable Arlington Heights submarket of Los Angeles. Located at 1542 2nd Avenue, the property consists of 8 total units including 1 one bedroom one bathroom unit, 6 two bedroom one bathroom units, and 1 three bedroom one and three quarter bathroom unit. All units are separately metered and the property offers ample on site parking along with substantial interior value add potential. This well maintained asset features a unique and highly desirable unit mix and offers additional upside through ADU potential above the existing carports. Further opportunity for rental growth is supported by the completed seismic retrofit, enhancing both long term stability and operational flexibility. Positioned on quiet Arlington Heights residential streets, the property is conveniently located near local schools, shopping, and neighborhood attractions. With a current cap rate of 4.93%, this offering presents an excellent opportunity for investors seeking to park capital in a stabilized asset while capturing over 40% rental upside potential over time.
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Additional Information
- Cooling Description
- None
- Attached Structure
- Detached
- Number Of Units Total
- 8
Listing courtesy of Listing Agent: Coby Chatwin (coby@linkbrokerages.com) from Listing Office: Link Brokerages.
Listing sold by Chase Simonton from RE/MAX One
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