1419 S Bronson Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,628 sqft
Price per Sqft $394
MLS Listing ID 24-430759
Bedrooms 8
Year Built 1924
Lot Size 6,283 Sqft
Acres 0.1442
Property Description
We are pleased to present this 4-unit investment property located in the desirable Arlington Heights neighborhood of Los Angeles.Built in 1924, this rent-controlled property offers 4,628 square feet of gross building area and sits on a 6,281 square foot lot (0.14 acres). Each of the four units contains 2 bedrooms and 1.5 bathrooms, with two of the units featuring an additional den/office space. The units with the extra den/office are approximately 1,262 rentable square feet, while those without are about 1,052 square feet.Additionally, two of the four units are currently vacant and will be delivered vacant to the buyer at close of escrow.The seller has preliminary plans to build two detached ADUs in the parking lot behind the building. Each ADU is designed to be around 900 square feet, featuring 2 bedrooms and 2 bathrooms. With construction costs estimated between $225 and $250 per square foot, the total cost for each ADU is projected to be between $200,000 and $225,000. Once completed, these ADUs are expected to generate at least $3,500 per month in rent ($7,000 combined), adding an additional $84,000 in annual rental income. Arlington Heights is a highly attractive neighborhood for multifamily investors, offering a prime location in Central Los Angeles with strong rental demand. The neighborhood's historical charm, combined with its proximity to major city hubs, ensures a steady influx of tenants seeking convenient urban living. With well-maintained properties and a vibrant community atmosphere, Arlington Heights provides a stable and potentially lucrative environment for real estate investors looking to capitalize on a high-demand area with enduring appeal.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Garage Other
Garage Spaces 4.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard