1612 Arlington Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 6 bed, 4 bath
ACTIVE UNDER CONTRACT$1,300,000
1612 Arlington Avenue, Los Angeles, California 90019
6Beds
4Baths
2,141Sqft
8,540Lot
Year Built
1907
Close
-
List price
$1.3M
Original List price
$949K
Price/Sqft
$607
HOA
-
Days on market
-
Sold On
-
MLS number
25615159
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 7% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.30M(43th), sqft - 2141(69th), beds - 6(95th), baths - 4(77th).
Large single family home on a large, flat, multifamily lot zoned RD2. This home is currently vacant. It has been altered and is currently set up as three units with a very large backyard. The downstairs unit consists of three bedrooms and two bathrooms with a small basement. The upstairs unit consists of two bedroom and two bathrooms. There is a detached garage that has had an addition which includes a kitchen, loft bedroom and office area. Property sold "as is." Great location, south Korea Town. New construction in the area. Rent this out while obtaining plans to restore the building or tear down and build new like the building next door. Total approximate rents for three units is $7,000 per month. Downstairs, $3K, upstairs, $2500, guest house, $1500.
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
12/12/25
Price Change
$1,300,000+37.0%
11/05/25
Listing
$949,000
03/03/25
Sold
$682,500
02/14/06
Sold
$600,000
Condition Rating
Poor
Built in 1907 and sold 'as-is,' this property is in a state of significant disrepair and requires substantial rehabilitation. The kitchens feature basic, outdated appliances and cabinets, while the bathrooms are severely outdated with old tiling, basic fixtures, and exposed plumbing, indicating a need for complete renovation. The overall finishes, including laminate flooring and simple light fixtures, are dated. The description itself suggests either a full restoration or a tear-down, reinforcing the property's poor condition and the need for extensive work to meet modern living standards.
Pros & Cons
Pros
Exceptional Development Potential: Zoned RD2 on a large, flat 8540 sqft lot, this property offers significant opportunities for redevelopment or expansion, supported by new construction activity in the immediate vicinity.
Strong Income-Generating Asset: Currently configured as three separate units with a projected total rental income of $7,000 per month, providing immediate and substantial cash flow for investors.
Prime & Appreciating Location: Situated in the desirable South Korea Town area of Los Angeles, the property benefits from ongoing neighborhood revitalization and new construction, indicating strong market demand and potential for value appreciation.
Versatile Investment Opportunity: The property offers multiple strategic options for investors, including immediate rental income, restoration of the existing structure, or complete redevelopment, maximizing long-term value.
Vacant for Easy Transition: The property is currently vacant, allowing for a smoother transition for renovation, redevelopment, or immediate tenant placement without the complexities of existing tenant agreements.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-03-03. The sold price is $682,500.00.
Sold 'As-Is' Condition: The property is being sold in 'as-is' condition, transferring all responsibility for potential repairs, deferred maintenance, and necessary upgrades to the buyer, which could entail significant unforeseen costs.
Advanced Age & Extensive Alterations: Built in 1907 and described as 'altered,' the property likely requires substantial renovation or modernization to meet contemporary standards, potentially involving complex and costly structural or system overhauls.
Potential Permitting/Legal Complexities: The current setup as three units, having been 'altered' from a single-family home, may present permitting challenges or require legalization of the units, adding complexity and potential costs to the investment.