1542 2nd Avenue, Los Angeles, CA 90019
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
1542 2nd Avenue,Los Angeles, CA 90019
$1,670,136
- 16 Beds
- 9 Baths
- 5,472 sq. ft.
- Multi-family
- Active
Listed by: coby chatwin, andrew malekie
Office: link brokerages
MLS#:25631651
Source:CRMLS
Price summary
- Price:$1,670,136
- Price per sq. ft.:$305.21
About this home
PORTFOLIO SALE - Offered collectively for the first time in 3 decades, this property is being sold as part of an exclusive 6 building multifamily portfolio. All assets are to be sold together and are offered at a total price of $11,750,000. The portfolio includes the following Los Angeles properties: 1) 4520 Willow Brook Ave 90029, 2) 1123 S Norton Ave 90019, 3) 1542 2nd Ave 90019, 4) 5430 Smiley Dr 90016, 5) 4051 W 4th St 90020, 6) 3421-3427 S Norton Ave 90018.Another attractive Mid City investment opportunity in the desirable Arlington Heights submarket of Los Angeles. Located at 1542 2nd Avenue, the property consists of 8 total units including 1 one bedroom one bathroom unit, 6 two bedroom one bathroom units, and 1 three bedroom one and three quarter bathroom unit. All units are separately metered and the property offers ample on site parking along with substantial interior value add potential.This well maintained asset features a unique and highly desirable unit mix and offers additional upside through ADU potential above the existing carports. Further opportunity for rental growth is supported by the completed seismic retrofit, enhancing both long term stability and operational flexibility. Positioned on quiet Arlington Heights residential streets, the property is conveniently located near local schools, shopping, and neighborhood attractions. With a current cap rate exceeding 5.5%, this offering presents an excellent opportunity for investors seeking to park capital in a stabilized asset while capturing over 40% rental upside potential over time.
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Home facts
- Year built:1962
- Listing ID #:25631651
- Added:7 day(s) ago
- Updated:December 31, 2025 at 01:26 AM
Rooms and interior
- Bedrooms:16
- Total bathrooms:9
- Living area:5,472 sq. ft.
Structure and exterior
- Year built:1962
- Building area:5,472 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$1,670,136
- Price per sq. ft.:$305.21
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