1522 2nd Ave Los Angeles, CA 90019
Arlington Heights NeighborhoodEstimated payment $9,842/month
Total Views
2,111
6
Beds
7
Baths
3,452
Sq Ft
$463
Price per Sq Ft
Highlights
- No HOA
- Double Pane Windows
- No Heating
- Neighborhood Views
- Living Room
About This Home
Exciting Investment Opportunity in Prime Arlington Heights – Welcome to the Heart of Mid-City Living!Unlock the potential of this four-unit income property in the red-hot Arlington Heights neighborhood of Mid-City, Los Angeles! Featuring a dynamic unit mix—two spacious 3-bed/2-bath units and three cozy singles (1 non-conforming)—this property is packed with potential and primed for growth. Whether you’re looking to renovate, reposition, or expand, this is your golden ticket to passive income in one of L.A.’s most strategically located neighborhoods.Sitting on a generous 7,502 sq ft lot, with 3,452 sq ft of living space, this gem includes three detached garages—perfect candidates for ADU conversions (subject to city approval). The existing units boast high ceilings, large windows, open floor plans, and charming period details that blend old-world character with modern-day appeal. This setup offers much larger-than-average square footage compared to newer builds—an undeniable value-add in today’s rental market.And let’s talk location—Mid-City/Arlington Heights (90019) is where it’s at! You’re just minutes from The Grove, LACMA, La Brea Tar Pits, and Runyon Canyon. Plus, with top-rated schools like Pio Pico Middle School and Los Angeles Senior High nearby, it’s an ideal setting for families and professionals alike. This diverse, vibrant community is filled with eclectic dining options, rich cultural landmarks, and easy access to Downtown LA, Koreatown, and the Westside.Whether you’re an investor chasing upside potential or a developer with vision, this property delivers the perfect blend of charm, location, and opportunity. Don’t miss out on one of the most exciting multifamily offerings in the area!
Listing Agent
Luxury Collective Brokerage Phone: 818-585-1978 License #02079440 Listed on: 05/26/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,696
Year Built
- Built in 1908
Lot Details
- 7,502 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- 3 Carport Spaces
Home Design
- Quadruplex
Interior Spaces
- 3,452 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Living Room
- Neighborhood Views
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- No Heating
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 19 / 45
- Assessor Parcel Number 5072034019
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 5 Units
Building Details
- 5 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $34,643
- Gross Income $96,000
- Net Operating Income $61,357
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,696 | $1,112,008 | $870,856 | $241,152 |
| 2024 | $13,696 | $1,090,205 | $853,781 | $236,424 |
| 2023 | $13,440 | $1,068,830 | $837,041 | $231,789 |
| 2022 | $12,830 | $1,047,874 | $820,629 | $227,245 |
| 2021 | $12,661 | $1,027,329 | $804,539 | $222,790 |
| 2020 | $12,787 | $1,016,796 | $796,290 | $220,506 |
| 2019 | $12,290 | $996,860 | $780,677 | $216,183 |
| 2018 | $12,128 | $977,315 | $765,370 | $211,945 |
| 2016 | $10,518 | $850,000 | $637,500 | $212,500 |
| 2015 | $10,520 | $850,000 | $637,500 | $212,500 |
| 2014 | $9,926 | $780,000 | $585,000 | $195,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/26/2025 05/26/25 | For Sale | $1,600,000 | -- | $463 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $830,000 | Alliance Title | |
| Grant Deed | $650,000 | First American Title Ins Co | |
| Grant Deed | -- | -- | |
| Trustee Deed | $346,191 | Fidelity National Title | |
| Gift Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Landsafe Title | |
| Grant Deed | $181,000 | Landsafe Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $747,000 | Purchase Money Mortgage | |
| Previous Owner | $710,000 | Purchase Money Mortgage | |
| Previous Owner | $40,000 | Stand Alone Second | |
| Previous Owner | $50,000 | Stand Alone Second | |
| Previous Owner | $150,000 | No Value Available |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25111199
APN: 5072-034-019
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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