1522 2nd AVE Los Angeles, CA 90019
7,501 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25111199
HOA Y/N No
Year Built 1908
Lot Size 7,501 Sqft
Property Sub-Type Quadruplex
Property Description
Unlock the potential of this four-unit income property in the red-hot Arlington Heights neighborhood of Mid-City, Los Angeles! Featuring a dynamic unit mix—two spacious 3-bed/2-bath units and three cozy singles (1 non-conforming)—this property is packed with potential and primed for growth. Whether you're looking to renovate, reposition, or expand, this is your golden ticket to passive income in one of L.A.'s most strategically located neighborhoods.
Sitting on a generous 7,502 sq ft lot, with 3,452 sq ft of living space, this gem includes three detached garages—perfect candidates for ADU conversions (subject to city approval). The existing units boast high ceilings, large windows, open floor plans, and charming period details that blend old-world character with modern-day appeal. This setup offers much larger-than-average square footage compared to newer builds—an undeniable value-add in today's rental market.
And let's talk location—Mid-City/Arlington Heights (90019) is where it's at! You're just minutes from The Grove, LACMA, La Brea Tar Pits, and Runyon Canyon. Plus, with top-rated schools like Pio Pico Middle School and Los Angeles Senior High nearby, it's an ideal setting for families and professionals alike. This diverse, vibrant community is filled with eclectic dining options, rich cultural landmarks, and easy access to Downtown LA, Koreatown, and the Westside.
Whether you're an investor chasing upside potential or a developer with vision, this property delivers the perfect blend of charm, location, and opportunity. Don't miss out on one of the most exciting multifamily offerings in the area!
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Carport Spaces 3
Garage Description 2.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N Yes
View Neighborhood
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5072034019
Security Features Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA 203(k), FHA, Fannie Mae, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA 203(k), FHA, Fannie Mae, Submit
Special Listing Condition Standard
Lisa Bethel
Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953