1525 Armacost, Los Angeles, California 90025, Los Angeles, 90025 - bed, bath
ACTIVE$2,748,000
1525 Armacost, Los Angeles, California 90025
0Bed
0Bath
6,985Sqft
7,003Lot
Year Built
1963
Close
-
List price
$2.75M
Original List price
$2.99M
Price/Sqft
$393
HOA
-
Days on market
-
Sold On
-
MLS number
SB25236212
Home ConditionFair
Features
View-
About this home
We found 3 Cons,6 Pros.
9-UNITS WITH UPSIDE POTENTIAL! Secure a foothold in one of West Los Angeles' most irreplaceable locations with this 9-unit multifamily property, positioned south of Santa Monica Boulevard and conveniently bordered by Bundy and Barrington, which offers exceptional stability and future upside. This well-maintained asset is situated in a neighborhood defined by its affluence and robust tenancy, with the unit composition of two 2BR/2BA units, six 1BR/1BA units, and one Studio appealing directly to the region's dynamic renter demographic. Its proximity to world-class amenities, including Santa Monica State Beach and cultural institutions, ensures sustained, high-quality rental demand, making it an essential addition for the investor seeking predictable income and superior long-term coastal appreciation.
Nearby schools
5/10
Brockton Avenue Elementary School
Public,•K-5•0.3mi
7/10
Nora Sterry Elementary School
Public,•K-5•0.7mi
8/10
McKinley Elementary School
Public,•PK-5•1.2mi
8/10
Edison Elementary School
Public,•PK-5•1.2mi
6/10
Richland Avenue Elementary School
Public,•K-6•1.4mi
9/10
Franklin Elementary School
Public,•PK-5•1.5mi
8/10
Grant Elementary School
Public,•PK-5•1.5mi
8/10
Clover Avenue Elementary School
Public,•K-5•2.2mi
8/10
Mar Vista Elementary School
Public,•K-5•2.2mi
9/10
Overland Avenue Elementary School
Public,•K-5•2.2mi
8/10
Lincoln Middle School
Public,•6-8•1.9mi
6/10
John Adams Middle School
Public,•6-8•2.0mi
6/10
University Senior High School
Public,•9-12•0.3mi
8/10
Santa Monica High School
Public,•9-12•2.5mi
6/10
Venice Senior High School
Public,•9-12•3.1mi
Price History
Date
Event
Price
12/06/25
Price Change
$2,748,000-0.1%
11/13/25
Price Change
$2,750,000-8.0%
10/13/25
Listing
$2,990,000
01/12/01
Sold
$1,075,000
Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While described as a 'well-maintained asset,' the listing also highlights 'upside potential' and the need for 'cosmetic renovations to meet modern renter expectations' due to its age. The absence of interior photos, especially of kitchens and bathrooms, prevents a detailed assessment, but the age strongly suggests these areas, along with major systems (plumbing, electrical, HVAC), are likely outdated in style and potentially nearing the end of their functional lifespan, requiring updates to maximize rental income and appeal to modern tenants. This aligns with the 'fair' category, indicating an aged but maintained property where major components are functional but show signs of being outdated and require minor to moderate updates.
Pros & Cons
Pros
Great Schools: Elementary School: Franklin Elementary School (9/10).
Prime West Los Angeles Location: The property is situated in an 'irreplaceable' West Los Angeles location, south of Santa Monica Boulevard and bordered by Bundy and Barrington, known for its affluence and robust tenancy, ensuring strong rental demand.
Significant Upside Potential: The listing explicitly highlights 'UPSIDE POTENTIAL,' 'exceptional stability and future upside,' and 'superior long-term coastal appreciation,' making it an attractive investment for growth.
Diverse and Appealing Unit Mix: The composition of two 2BR/2BA units, six 1BR/1BA units, and one Studio caters to a broad and dynamic renter demographic in the region.
Strong Rental Demand Drivers: Proximity to world-class amenities, including Santa Monica State Beach and cultural institutions, ensures sustained, high-quality rental demand.
Well-Maintained Asset: The property is described as a 'well-maintained asset,' suggesting a good baseline condition for investors.
Cons
Age of Building: Built in 1963, the property may require significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or cosmetic renovations to meet modern renter expectations and maximize rental income.
Multiple Price Reductions: The property has undergone multiple price reductions from an initial $2.99M to $2.748M, which could indicate initial overpricing or challenges in attracting buyers at previous price points.
Lack of Parking Information: The property description does not mention parking facilities, which is a critical amenity for a 9-unit multifamily building in a dense urban area like West Los Angeles and could be a drawback for tenants.