PARTNERSHIP WANTS IT SOLD!!! (Listed Price Close to What Partnership Paid When They Purchased the Building) We are pleased to present the opportunity to acquire Arlington Apartments in the submarket of Arlington Heights (LA Market) and in close proximity to Mid-City and Koreatown. This offering includes an 18-unit multifamily building built in 1964 with a foot print of approximately 14,042 SF, sitting on a 12,899 SF lot zoned LAR3. Arlington Apartments offers an investor a significant value add opportunity with approximately 75% (+/-) potential upside in rents spread across a desirable unit mix of over 50% 2 bedroom units. Soft story retrofit has been completed and the seller owns the laundry machines. This well-located multifamily property offers an investor a rare opportunity to secure a larger sized asset in a high demand and growth submarket with real reposition opportunity and impressive frontage. Arlington Heights is diverse and populated neighborhood in Central Los Angeles with Koreatown to the north, Mid-City and Mid-Wilshire to the west, Jefferson Park to the south and Harvard Heights to the east. Located centrally in Los Angeles, Arlington Heights is a transit friendly melting pot of cultural influences. Situated just north of the 10 FWY, this neighborhood provides easy access to Culver City to the west and downtown LA to the east. Along La Brea Avenue, Wilshire Blvd, and Western Ave you will find restaurants and popular bars. The stretch of Washington Blvd, anchored by the Underground Museum between 3rd and 6th avenues, is becoming a desirable location for art galleries and boutiques. Nestled right at the convergence of main thoroughfares and freeways, Arlington Heights allows for easy access to the wider region of LA and key employment centers.
Property Details
Property Features
Property Information:
Year Built: 1964
Stories: 2
Living Area: 14,042 SqFt
Listing Office:
Office Name: Keller Williams Realty Calabasas
Office Phone: (818) 657-6500
Listing Agent: Hirsch Sherman
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 27
Exterior Features
Parking Information:
Parking: Carport
Lot Features
Lot Information:
Lot Size: 0.30 Acres
Utilities
Utilities Information:
Heating: None
Cooling: Central Air
Other
Directions Information:
Directions: Arlington Heights Area. West of S Western Avenue, East of Crenshaw Boulevard, South of W Washington Boulevard and North of W Adams Boulevard.
Price Information
Listing Price Info
Price Summary:
List Price: $3,794,000
Price Per SqFt: $270/SqFt
Tax Information:
Annual Amount: $46,026
Tax Year: 2021
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.
This property is $2.7M more than the Median Sold Price and $371/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: #24399531
Listing Office:
Office Name: Keller Williams Realty Calabasas
Office Phone: (818) 657-6500
Listing Agent: Hirsch Sherman
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
Listing History
DATE
EVENT
PRICE
Feb 14, 2020
Feb 14, 2020Home Sold
$3,695,000
Nov 13, 1998
Nov 13, 1998Home Sold
$400,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$46,026
$3,733,280
2020
$9,862
$2,182,911
2019
$9,595
$657,700
2018
$9,381
$644,805
2017
$9,381
$632,162
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19K
Per Month
Principal & Interest
$18.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.4K
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Carson - Gore Academy of Enviornmental Studies
3200 W Washington Blvd
Distance between this listing and this school0.11 miles
Public District Grades KG-5
4
/10
Arlington Heights Elementary School
1717 7th Ave
Distance between this listing and this school0.44 miles
Public District Grades KG-5
7
/10
Global Education Academy 2
1717 7th Ave
Distance between this listing and this school0.45 miles
Public Charter Grades KG-5
Nearby Schools
4
/10
Pico Pico Middle School
1512 Arlington Ave
Distance between this listing and this school0.48 miles
Public District Grades 6-8
5
/10
Crown Preparatory Academy
2055 W 24th St
Distance between this listing and this school0.51 miles
Public Charter Grades 5-8
3
/10
Johnnie Cochran Jr. Middle School
4066 W Johnnie Cochran Vis
Distance between this listing and this school0.56 miles
Public District Grades 6-8
Nearby Schools
7
/10
Math and Science College Preparatory
3202 W Adams Blvd
Distance between this listing and this school0.46 miles
Public Charter Grades 9-12
9
/10
Girls Academic Leadership Academy Dr. Michelle King School STEM
1067 West Blvd
Distance between this listing and this school1.37 miles
Public District Grades 6-12
3
/10
Los Angeles High School
4650 W Olympic Blvd
Distance between this listing and this school1.42 miles
The neighbors living near this home have an average income of $40,985. Typical income of Los Angeles, CA residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1929 Arlington Ave
What is the listing price of this property?
The listing price of 1929 Arlington Ave property is $3,794,000.
What type of property is this?
The property 1929 Arlington Ave is a house located in Los Angeles, California, 90018.
Is this property for sale now?
Active Listing: 1929 Arlington 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 $46,026 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 14, 2020 for $3,695,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1929 Arlington Ave has 27 bedrooms and 24 bathrooms.
What is the square footage of this property?
The property 1929 Arlington Ave is 14,042 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1929 Arlington Ave is 1964.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1929 Arlington Ave in Los Angeles, CA and zip code 90018 in the Central LA neighborhood. This 14,042 square foot home, which was built in 1964, sits on a 0.30 acre lot. Features: 27 bedrooms, 24 bathrooms. It has been listed on Rocket Homes since June 03, 2024 and is currently priced at $3,794,000.
In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
Pro Boxing
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
H&M
Burlington
Foot Locker
Boston Market
White Castle
Popeyes
Honda
Kia
Nissan
Rhythmic Contemporary Hits
Urban Adult Contemporary