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: $3,399,000
Price Per SqFt: $242/SqFt
Tax Information:
Annual Amount: $46,026
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.3M more than the Median Sold Price and $398/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: 12/19/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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.
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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.
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. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
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 $3,399,000.
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.
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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 $3,399,000.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. 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.
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. 
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