RealKey
‪(213) 433-7766‬

1612 Arlington Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 6 bed, 4 bath

1612 Arlington Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$1,025,000
1612 Arlington Avenue, Los Angeles, California 90019
6Beds
4Baths
2,141Sqft
8,540Lot
Year Built
1907
Close
-
List price
$1.02M
Original List price
$1.05M
Price/Sqft
$479
HOA
-
Days on market
-
Sold On
-
MLS number
25574323
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.02M(25th), sqft - 2141(69th), beds - 6(95th), baths - 4(77th).

**Prime Development Opportunity Near Koreatown Ripe for Multi-Family Building** Introducing a rare Vacant property located just minutes from the heart of vibrant Koreatown, this charming single-family residence sits on a spacious RD2-zoned lot, offering exceptional potential for multi-family redevelopment. 3 Units (Front Duplex and Rear ADU) with potential rental income of $7,500 per month. Walking distance to Koreatown's top restaurants, shops, and cafes. Quick access to DTLA, Hancock Park, and major freeways. High-demand rental area with strong appreciation trends. Whether you're an owner-user looking to live now and build later, or a savvy developer ready to capitalize on LA's growing housing demand, this property offers the flexibility and location to make it a standout investment.

Nearby schools

6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•0.2mi
3/10
Arlington Heights Elementary School
Public,•K-5•0.4mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.7mi
3/10
Los Angeles Elementary School
Public,•K-5•0.8mi
7/10
Queen Anne Place Elementary School
Public,•K-5•1.0mi
3/10
Wilton Place Elementary School
Public,•K-5•1.1mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.2mi
5/10
Pio Pico Middle School
Public,•6-8•0.1mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•0.6mi
7/10
John Burroughs Middle School
Public,•6-8•1.8mi
4/10
Los Angeles Senior High School
Public,•9-12•1.3mi
4/10
West Adams Preparatory High School
Public,•9-12•1.6mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.2mi

Price History

Date
Event
Price
09/27/25
Price Change
$1,025,000-2.4%
08/05/25
$1,049,900
03/03/25
Sold
$682,500
02/14/06
Sold
$600,000
Condition Rating
Poor
Built in 1907, this property is over 100 years old and shows significant signs of age and deferred maintenance. The kitchens feature very dated cabinetry and appliances (one with honey oak cabinets, the other with basic white shaker cabinets but peeling paint on walls). Both bathrooms are extremely outdated, with one showcasing severe ceiling damage and very old tiling, and the other having basic fixtures and worn surfaces. The property relies on window AC units and wall heaters, indicating outdated climate control systems. The exterior is weathered with peeling paint and a cracked driveway. While the listing highlights development potential, the existing structure requires substantial repairs and rehabilitation to be brought to a comfortable and safe living standard, aligning with a 'Poor' condition rating.
Pros & Cons

Pros

Prime Redevelopment Potential: The property sits on a spacious RD2-zoned lot, offering exceptional potential for multi-family redevelopment in a high-demand area.
Strategic Location & Accessibility: Located just minutes from vibrant Koreatown, with walking distance to top restaurants, shops, and cafes, and quick access to DTLA, Hancock Park, and major freeways.
Significant Income Generation: Configured with 3 units (Front Duplex and Rear ADU) capable of generating a potential rental income of $7,500 per month.
Robust Market Dynamics: Situated in a high-demand rental area with strong appreciation trends, indicating a solid investment outlook.
Excellent School Proximity: Benefits from being within walking distance to highly-rated schools, including Pio Pico Middle School (rated 5) and Carson-Gore Academy (rated 6).

Cons

Advanced Age of Structure: Built in 1907, the existing single-family residence may require substantial renovation or demolition, adding to overall development costs.
Listed Above Estimated Value: The current list price of $1,025,000 is approximately 7% higher than the estimated property value of $948,324, potentially impacting immediate investment returns.
Lack of Scenic Views: The property does not offer any notable views, which could be a minor detractor for some buyers or future residents.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state