1836 Arlington Avenue, Los Angeles, CA 90019

$1,839,000
4,050
SqFt
List Price
$1,839,000
Price Change
▲ $1,000 1573612920
Status
Active
MLS#
SR19192226
Year Built
1910
Living Sq. Ft
4,050
Lot Size
8,559
Days on Market
124
Property Type
Multifamily
Common Walls
Attached

Property Description

BOM!!! BACK ON MARKET / BUYER COULDN'T QUALIFY. DON'T MISS THIS GREAT 1031 EXCHANGE OPTION WITH 25% to 35% DOWN. RE- BUILT IN 2017, the ARLINGTON APARTMENTS, is a 4,410 SF 4 unit apartment building located in the gentrifying Arlington Heights neighborhood of Los Angeles. ARLINGTON APARTMENTS was re-built (exception of roof) in 2017 with permits. With over $10,000 in monthly income, ARLINGTON APARTMENTS positions itself to offer an investor a stabilized fourplex at an in-place 4.98% CAP RATE with flexible financing options. This well located fourplex has great street visibility and finds itself located near an abundance of amenities and businesses. Easy access to the 10 FWY and DTLA add an additional touch of convenience. The property offers central A/C, in-unit laundry, tank-less water heaters, and 8 surface parking spaces (no soft story retrofit required). Lines were run to separate the water/sewer and only meters are needed to complete the process. Don't miss out on this stabilized investment opportunity with financing options such as 25% down for leverage or 35% down for cash flow.

Additional Information

Lot Description
Sidewalks, Landscaped
Pool Description
No Pool
View
Sewer
Public Sewer
Water
Water District, Public
Terms
Exchange/Trade, Cash, Cash To New Loan

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Keller Williams Realty Calabasas, Jared Levine - CA DRE#01804008

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