1542 2nd Ave Los Angeles, CA 90019
Arlington Heights NeighborhoodAbout This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 7,501 Sq Ft Lot
Interior Spaces
- 5,472 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 9 Bathrooms
Parking
- 2 Open Parking Spaces
- 8 Parking Spaces
- Carport
- Driveway
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 5072-034-016
Map
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 | $7,100 | $504,771 | $233,551 | $271,220 |
| 2024 | $7,100 | $494,874 | $228,972 | $265,902 |
| 2023 | $6,985 | $485,172 | $224,483 | $260,689 |
| 2022 | $6,705 | $475,660 | $220,082 | $255,578 |
| 2021 | $6,597 | $466,334 | $215,767 | $250,567 |
| 2019 | $6,425 | $452,754 | $209,368 | $243,386 |
| 2018 | $6,279 | $443,882 | $205,263 | $238,619 |
| 2016 | $5,928 | $426,408 | $197,294 | $229,114 |
| 2015 | $5,852 | $420,004 | $194,331 | $225,673 |
| 2014 | $5,925 | $411,778 | $190,525 | $221,253 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/09/2026 03/09/26 | Price Changed | $1,650,000 | -10.8% | $302 / Sq Ft |
| 01/21/2026 01/21/26 | Price Changed | $1,850,000 | +10.8% | $338 / Sq Ft |
| 12/30/2025 12/30/25 | For Sale | $1,670,136 | -- | $305 / Sq Ft |
Source: The MLS
MLS Number: 25631651
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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