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
About this property
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