1542 1/2 2nd Avenue, Los Angeles, CA 90019
Property
Sold July 2026
Listing Agent: Coby Chatwin (DRE #01998822) · Listing Office: Link Brokerages · Contact: 310-695-6510 · Bought with: Chase Simonton · RE/MAX One · MLS #25631651 · Source: CRMLS
How this sale compares
1542 1/2 2nd Avenue sold for $1,250,000 in July 2026, 19% under its $1,550,000 list price, after 160 days on the market. It was first listed at $1,670,136. That works out to $228 per square foot on 5,472 square feet. Across 126 closed sales in 90019 over the last 12 months, the median sold price is $1,312,500 and the median is $656 per square foot, 188% above this sale's $228.
| Quarter | Closed sales in 90019 | Median sold price |
|---|---|---|
| Q1 2026 | 20 | $1,060,000 |
| Q2 2026 | 51 | $1,480,000 |
| Q3 2026 | 52 | $1,325,000 |
| Q4 2026 | 3 | $989,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90019
Description
An attractive Mid City investment opportunity in the desirable Arlington Heights submarket of Los Angeles. Located at 1542 2nd Avenue, the property consists of 8 total units including 1 one bedroom one bathroom unit, 6 two bedroom one bathroom units, and 1 three bedroom one and three quarter bathroom unit. All units are separately metered and the property offers ample on site parking along with substantial interior value add potential. This well maintained asset features a unique and highly desirable unit mix and offers additional upside through ADU potential above the existing carports. Further opportunity for rental growth is supported by the completed seismic retrofit, enhancing both long term stability and operational flexibility. Positioned on quiet Arlington Heights residential streets, the property is conveniently located near local schools, shopping, and neighborhood attractions. With a current cap rate of 4.93%, this offering presents an excellent opportunity for investors seeking to park capital in a stabilized asset while capturing over 40% rental upside potential over time.
Listing description from the July 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 1542 1/2 2nd Avenue
1513 Arlington Avenue: Sold $1,400,000 · 9 bd · 9 ba · 5,857 sqft · Jul 2026 · 0.1 mi
Equity Union | DRE #01934177
Buyer's agent: Josh Kaplan, Equity Union | DRE #019341771338 4th: Sold $810,000 · 4 bd · 2 ba · 2,810 sqft · Sep 2026 · 0.2 mi
Property Red | DRE #01874298
Buyer's agent: Laurie Cappadocia, Property Red | DRE #018742981404 S Van Ness Avenue: Sold $1,860,000 · 9 bd · 7 ba · 5,000 sqft · Aug 2026 · 0.2 mi
Redpoint Realty | DRE #01955545
Buyer's agent: Ki Rin Jang, High Equity Real Estate Service, Inc. | DRE #021487451621 5th Avenue: Sold $1,050,000 · 4 bd · 2 ba · 2,372 sqft · Jul 2026 · 0.3 mi
Sotheby's International Realty | DRE #01348465
Buyer's agent: Nick Mercado, Sotheby's International Realty | DRE #013484651629 6th Avenue: Sold $800,000 · 2 bd · 2 ba · 1,408 sqft · Jul 2026 · 0.3 mi
New Star Realty | DRE #01889352
Buyer's agent: L'mar Kojani, Performance Realty Group | DRE #019707041220 3rd Avenue: Sold $1,350,000 · 6 bd · 6 ba · 4,665 sqft · Jul 2026 · 0.3 mi
LPT Realty, Inc | DRE #01851723
Buyer's agent: Jacob Choi, Real Broker | DRE #017444351224 S Wilton Place: Sold $1,590,000 · 6 bd · 5 ba · 4,560 sqft · Sep 2026 · 0.4 mi
Keller Williams Realty World Media Center | DRE #01275725
Buyer's agent: Ty Harman, Keller Williams Realty World Media Center | DRE #021609431415 S St Andrews Place: Sold $1,752,000 · 12 bd · 8 ba · 9,268 sqft · Sep 2026 · 0.4 mi
Closed sales reported in 90019, nearest first, last 12 months. All recent sales in Los Angeles →