Property listed by Jordan Peikin, Jordan Peikin 310-467-5167
$3,350,000
1533 6th Avenue is a charming 11-unit garden apartment building situated in the Central Arlington Heights Historic District. The beautiful Spanish Colonial Revival architecture is a throwback to old Los Angeles with a touch of Andalusia. Each casita features vaulted barrel ceilings, hardwood flooring, and patios that open into a… Read More shared courtyard. The majority of the units have been extensively renovated to include new windows, chef's kitchens with stainless steel appliances, washer/dryer hook-ups, and private yards. The property's diverse unit mix consists of seven 2+1's and four 1+1's. The property consistently generates above market rents while still maintaining opportunity for growth. In addition, there is ample tenant parking, owned communal laundry machines for extra income, and the property is positioned on a massive 21,750 square foot double lot. Superbly located, 1533 6th Avenue provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 85 walk score and is central to major employment, freeways, and points of interest alike. Tenants with children have numerous nearby parks and schools to choose from, including Queen Anne Park, Arlington Heights Elementary, and Johnnie Cochran Middle School. Public transit is easily accessible at the corner bus stop where the line 33 Metro takes riders to Santa Monica, Downtown, and everywhere in-between. 1533 6th Avenue offers investors the opportunity to cash flow, hedge against inflation, leverage tax advantages, and add more value. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
18
Square Ft.
9,145
Lot Size
0.5 Acres
Year Built
1922
MLS Number
26664755
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Refrigerator
Building
Built in 1922, Living area: 9145.0, 2 buildings, Building faces East, 1 storey, Levels: One, Entry location: Ground Level w/steps, Construction Materials: Frame, Stucco
Community
Gated
Disclosures
RentControl
Fireplaces
None
Floors
Wood
Income
Gross Income: $282,708, Net Operating Income: $186,785
Laundry
CommonArea, LaundryRoom, Stacked
Lot
0.4993 acres
Parking
9 open parking spaces, 9 total parking spaces, Carport, Uncovered
Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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