
1526 3rd Ave Los Angeles, CA 90019
Arlington Heights NeighborhoodAbout This Home
As of April 2019MAKE BEST OFFERS! SELLER IS LOCAL, AND WANTS TO REVIEW ALL WRITTEN OFFERS. Drive by Only, do not disturb tenants. Fantastic Opportunity to own a well-maintained bread-and-butter 7 unit apartment building that already brings $72k annually, and will continue to have big upside over time. Great location in historic Mid Los Angeles neighborhood of Arlington Heights (Near prime Koreatown and Hancock Park!). Neighborhood is centrally located to command high rents on the open market. Rent rolls available in agent remarks. Property is a mix of 7 units currently. 4 units are 1BR layout. One 3BR layout. One 2 BR layout. One guest room unit (no kitchen). Total current monthly income is $6000+. Pro-forma schedule is $11,700 monthly (GRM = 9.2, Cap Rate = 8.7). Fantastic upside. 4 units currently have tenants over age of 60. 5 car carport. Current owner renovated unit #6 in 2016, and entire property was copper re-piped in 2017. Owner has spent nearly $100k in improvement in last 24 months.
Last Agent to Sell the Property
Rachel Hsieh
Keller Williams Realty Los Feliz License #01913428 Listed on: 01/27/2019

Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Interior Spaces
- 4,320 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Parking
- 7 Parking Spaces
- Carport
Additional Features
- 7,500 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 7 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 5072-035-020
Similar Homes in Los Angeles, CA
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/22/2019 04/22/19 | Sold | $1,300,000 | 0.0% | $301 / Sq Ft |
03/06/2019 03/06/19 | Pending | -- | -- | -- |
02/19/2019 02/19/19 | For Sale | $1,300,000 | 0.0% | $301 / Sq Ft |
02/12/2019 02/12/19 | Pending | -- | -- | -- |
01/27/2019 01/27/19 | For Sale | $1,300,000 | +52.9% | $301 / Sq Ft |
08/31/2016 08/31/16 | Sold | $850,000 | -28.9% | $197 / Sq Ft |
07/26/2016 07/26/16 | Pending | -- | -- | -- |
04/07/2016 04/07/16 | For Sale | $1,195,000 | -- | $277 / Sq Ft |
Tax History Compared to Growth
Agents Affiliated with this Home
-
R
Seller's Agent in 2019
Rachel Hsieh
Keller Williams Realty Los Feliz
-
Buyer's Agent in 2019
Gabriela Lambert
Innovative Property Strategies
(310) 699-6946
13 Total Sales
-
Seller's Agent in 2016
Aileen Comora
The Agency
(310) 569-7950
47 Total Sales
-
Seller Co-Listing Agent in 2016
Paul Lester
The Agency
(646) 884-2928
54 Total Sales
Map
Source: The MLS
MLS Number: 19-428304

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