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Backup Offers

1409 Arlington Ave, Los Angeles, CA, 90019

$1,550,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
9 Baths
5,797 SqFt
$267/SqFt
House

Location

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1409 Arlington Ave, Los Angeles$1,550,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingCovered, Uncovered
Year Built1964
MLS #24388373
Lot Size0.16 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1409 Arlington Ave

We are pleased to offer for sale a 9-unit apartment community located at 1409 Arlington Avenue. The subject property is located south of Pico Boulevard and east of Crenshaw Avenue. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase. The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on a 6,828 square foot parcel, the property is comprised of two studio units, five one-bedroom units, and two two-bedroom units. The property has 64% remaining rental upside through unit renovations along with on-site parking for every unit and on-site laundry facilities. 1409 Arlington Avenue offers investors an opportunity to acquire an asset in a sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market rents moving forward, makes 1409 Arlington Avenue an excellent acquisition opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Stories: 2
  • Living Area: 5,797 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Parking: Covered, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Other

Directions Information:

  • Directions: South of Pico Boulevard & West of Wilton Place

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,550,000
  • Price Per SqFt: $267/SqFt

Tax Information:

  • Annual Amount: $2,730
  • Tax Year: 2021
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Housing Market Comparison

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

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1409 Arlington Ave vs Los Angeles

196 DAYS ON ROCKET

+158 Days

$1,550,000

+$526.5K More

$267/SqFt

-$374 Less

KEY TAKEAWAY

This property is $526.5K more than the Median Sold Price and $374/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: #24388373

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

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: 11/18/2024, 2:20:57 PM 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$2,730$131,986
2020$2,688$130,189
2019$2,563$127,638
2018$2,485$125,136
2017$2,485$122,683

History based on county public records data.

Payment Calculator

$7,803

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,713

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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-775419
4
/10

  • City Language Immersion Charter

  • 4001 Venice Blvd

  • 0.42 miles

  • Public Charter Grades KG-5

school-card-donut-775420
6
/10

  • Carson - Gore Academy of Enviornmental Studies

  • 3200 W Washington Blvd

  • 0.44 miles

  • Public District Grades KG-5

school-card-donut-775421
7
/10

  • Global Education Academy 2

  • 1717 7th Ave

  • 0.49 miles

  • Public Charter 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. Typical income of Los Angeles, CA residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1409 Arlington Ave

What is the listing price of this property?

The listing price of 1409 Arlington Ave property is $1,550,000.

What type of property is this?

The property 1409 Arlington Ave is a house located in Los Angeles, California, 90019.

Is this property for sale now?

Accepting Backup Offers: 1409 Arlington Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,730 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1409 Arlington Ave has 9 bedrooms and 9 bathrooms.

What is the square footage of this property?

The property 1409 Arlington Ave is 5,797 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1409 Arlington Ave is 1964.

Rocket Homes›California›Los Angeles County›Los Angeles›90019›1409 Arlington Ave

This home is located at 1409 Arlington Ave in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. This 5,797 square foot home, which was built in 1964, sits on a 0.16 acre lot. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $1,550,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

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

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