• Asking Price $1,500,000
  • Estimated Value: $1,739,739

  • 1329 2ND AVE LOS ANGELES, CA 90019

  • 8 Beds 6 Baths 5,824 SqFt
  • Townhouse or Condo / Resale (MLS)
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Property Details for 1329 2ND AVE, LOS ANGELES, CA 90019

Features

  • Price/sqft: $257
  • Lot Size: 0.17 acres
  • Total Units: 6
  • Total Rooms: 5
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • Stories: 2
  • Roof Type: FLAT
  • Construction Type: Wood
  • Exterior Walls: Stucco

Facts

  • Year Built: 01/01/1906
  • Property ID: 949358017
  • MLS Number: 24-466229
  • Parcel Number: 5072-036-019
  • Property Type: Townhouse or Condo
  • County: LOS ANGELES
  • Legal Description: CENTRAL ARLINGTON HEIGHTS LOT/SEC 19 BLK/DIV/TWN 47
  • Zoning: LARD1.5
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Daniel Hirth and Alex Reyhan of The Hirth Group are excited to present the exclusive opportunity to acquire 1329 2nd Avenue, a rare six-unit multifamily property in the vibrant and rapidly evolving Arlington Heights submarket of Los Angeles. This investment gem offers not only immediate cash flow but also substantial upside through renovation and re-tenanting. Situated on a 7,500 square-foot lot, this well-maintained asset features two separate buildings that span a total of approx. 5,824 square feet. The front building is a quadruplex with four distinct units, while the rear structure is a duplex with two units. The current unit mix includes two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, two of which have been upgraded to 2-bedroom, 1-bath layouts, providing versatility and potential for higher rents. With six private parking garages, the property offers a competitive edge in an area where parking is a coveted amenity. 1329 2nd Avenue is a compelling investment for those seeking both stability and a value-add component. Currently delivering a strong return of 6.27% at a 11.58 GRM, with tremendous upside potential upon re-tenanting after renovation, this multifamily asset has the ability to perform at a projected 8.33% CAP rate and an attractive 9.76 GRM. As an added advantage, the unit conversions (from 1-bedroom to 2-bedroom layouts) were completed without permits, offering savvy investors the flexibility to formalize these changes with permits, reconfigure to original specifications, or even explore further development options, subject to local zoning regulations.

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Property Brokerage: Keller Williams Santa Monica 11812 San Vicente Blvd. Suite 100 Los Angeles CA 90405
Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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