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1661 Arlington Avenue, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1661 Arlington Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$1,200,000
1661 Arlington Avenue, Los Angeles, California 90019
0Bed
0Bath
2,973Sqft
5,963Lot
Year Built
1905
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$404
HOA
-
Days on market
-
Sold On
-
MLS number
DW25232815
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 2973(46th), beds - undefined(50th), baths - undefined(50th).

Investment opportunity in Arlington Heights! This charming Craftsman-style fourplex is located in the heart of Mid-City Los Angeles, one of the city’s most central and high-demand neighborhoods. The property consists of two detached buildings on a 5,963 sqft RD1.5 lot with 2,973 sqft of living space. The front building features two spacious units, one with 2 bedrooms and 1 bath, and the other with 1 bedroom and 1 bath. Both units offer excellent potential to be remodeled and converted into 3-bedroom, 1-bath apartments to maximize rental income. One unit is currently vacant and will be delivered vacant at the close of escrow. The rear building includes a two well-sized 1-bedroom, 1-bath units. Each apartment includes a covered garage space. This is a prime value-add opportunity with multiple exit strategies. The property qualifies for FHA financing, allowing owner-occupants or investors to take advantage of favorable terms. With strong rental demand, long-term appreciation, and development potential, this asset offers tremendous upside. Ideally situated near USC, Koreatown, Downtown LA, and the Westside, this property combines classic character, convenience, and investment potential. A rare find in a sought-after neighborhood, perfect for investors or developers looking for their next project.

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•0.9mi
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•0.5mi
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•2.1mi

Price History

Date
Event
Price
10/06/25
Listing
$1,200,000
06/21/06
Sold
$745,000
08/24/99
Sold
$180,000
Condition Rating
Poor
Built in 1905, this property is a significant renovation project. The images reveal extensive deferred maintenance, including peeling paint, cracked ceilings, and severely stained/matted carpets. The kitchen is highly dated with old cabinets and appliances (aside from a newer refrigerator), requiring a full overhaul. The utility room/bathroom is in extremely poor condition with very old fixtures, severe paint damage, and visible electrical issues, suggesting potential safety concerns. The listing itself describes it as a 'value-add opportunity' with 'potential to be remodeled,' confirming its current state requires substantial repairs and rehabilitation to be livable and meet modern standards.
Pros & Cons

Pros

Strong Investment & Value-Add Potential: The property is explicitly marketed as a prime investment and value-add opportunity with multiple exit strategies, development potential on an RD1.5 lot, and tremendous upside for maximizing rental income through strategic renovations.
Prime Central Los Angeles Location: Situated in the heart of Mid-City Los Angeles, a high-demand and central neighborhood, offering excellent proximity to USC, Koreatown, Downtown LA, and the Westside, ensuring strong rental demand and long-term appreciation.
Income-Generating Fourplex with Immediate Vacancy: As a fourplex, it provides multiple income streams, and the immediate vacancy of one unit allows the new owner to either occupy it or lease it at current market rates without delay.
Favorable Financing Options: The property qualifies for FHA financing, which broadens the potential buyer pool to include owner-occupants and investors, offering access to more advantageous loan terms.
Classic Architecture & Practical Amenities: The charming Craftsman-style architecture offers desirable classic character, complemented by the practical amenity of a covered garage space included for each apartment, a significant advantage in Los Angeles.

Cons

Extensive Renovation Required: The description indicates a need for significant remodeling and conversion to maximize rental income, implying substantial capital expenditure and project management will be required from the buyer.
Age-Related System Obsolescence: Built in 1905, the property likely has original or outdated plumbing, electrical, and other core systems that will require costly upgrades and repairs to meet modern standards and ensure long-term reliability.
Potential Tenant Management & Rent Control Issues: With three occupied units in a rent-controlled market like Los Angeles, managing existing tenants, implementing rent increases, or facilitating unit turnovers for extensive renovations could present challenges and additional costs.

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