1 month on rocket

1329 2nd Ave, Los Angeles, CA, 90019

$1,645,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
6 Baths
5,824 SqFt
$282/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1329 2nd Ave, Los Angeles$1,645,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingPrivate
Year Built1906
HeatingWall Furnace
CoolingNone
MLS #24466229
Lot Size0.17 Acres
StatusActive

About 1329 2nd Ave

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 6.02% at a 12.32 GRM, with tremendous upside potential upon re-tenanting after renovation, this multifamily asset has the ability to perform at a projected 7.15% CAP rate and an attractive 10.71 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.

Property Details

Property Features

Property Information:

  • Year Built: 1906
  • Stories: 2
  • Living Area: 5,824 SqFt

Listing Office:

  • Office Name: KW Advisors
  • Office Phone: (310) 482-2200
  • Listing Agent: Daniel Hirth

Interior Features

Interior Information:

  • Appliances: Disposal, Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: Private

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: From I-10 exit at Arlington Avenue and head North, turn left on W 15th and right onto 2nd Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,645,000
  • Price Per SqFt: $282/SqFt

Tax Information:

  • Annual Amount: $3,861
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1329 2nd Ave vs Los Angeles

33 DAYS ON ROCKET

-5 Days

$1,645,000

+$623.4K More

$282/SqFt

-$358 Less

KEY TAKEAWAY

This property is $623.4K more than the Median Sold Price and $358/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24466229

Listing Office:

  • Office Name: KW Advisors
  • Office Phone: (310) 482-2200
  • Listing Agent: Daniel Hirth

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/25/2024, 9:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,861$239,135
2020$3,769$236,684
2019$3,600$232,044
2018$3,495$227,495
2017$3,495$223,035

History based on county public records data.

Payment Calculator

$8,278

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,998

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1492743
4
/10

  • City Language Immersion Charter

  • 4001 Venice Blvd

  • 0.37 miles

  • Public Charter Grades KG-5

school-card-donut-1492744
7
/10

  • Global Education Academy 2

  • 1717 7th Ave

  • 0.45 miles

  • Public Charter Grades KG-5

school-card-donut-1492745
6
/10

  • Carson - Gore Academy of Enviornmental Studies

  • 3200 W Washington Blvd

  • 0.46 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,949. The most common annual income of people living in Los Angeles, CA is less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1329 2nd Ave

What is the listing price of this property?

The listing price of 1329 2nd Ave property is $1,645,000.

What type of property is this?

The property 1329 2nd Ave is a house located in Los Angeles, California, 90019.

Is this property for sale now?

Active Listing: 1329 2nd Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,861 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1329 2nd Ave has 8 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 1329 2nd Ave is 5,824 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1329 2nd Ave is 1906.

Rocket Homes›California›Los Angeles County›Los Angeles›90019›1329 2nd Ave

This home is located at 1329 2nd Ave in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. This 5,824 square foot home, which was built in 1906, sits on a 0.17 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $1,645,000.

While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More Resources