1522 2nd Avenue, Los Angeles, CA 90019

Exceptional investment opportunity in prime Arlington Heights! A rare and exciting opportunity awaits investors and developers in the heart of Los Angeles. Situated in the increasingly desirable Arlington Heights neighborhood, this offering includes two side-by-side, value-add multifamily fourplexes—a total of 8 residential units plus an accessory dwelling unit (ADU). These properties provide a strong foundation for value creation, redevelopment, or long-term hold in one of L.A.’s centrally located and appreciating submarkets. Combined, the two buildings offer approximately 8,040 square feet of livable space situated on a generous 15,000 square foot lot. Each fourplex is configured across two stories, with a mix of spacious units and rear garages offering additional parking or potential conversion opportunities (subject to city approval). The layout is ideal for both investors looking to add units and those interested in optimizing existing rents. The buildings retain original architectural character and period features throughout the interiors, providing charm and potential for thoughtful modernization. High ceilings, large windows, and open floor plans contribute to a comfortable living environment that appeals to a wide range of tenants. The units offer ample square footage compared to newer constructions, a valuable asset in today’s market. Arlington Heights is one of L.A.’s most strategically positioned neighborhoods, offering quick access to the Westside, Koreatown, Downtown LA, and major freeways. The area has seen an uptick in redevelopment projects, new businesses, and an influx of residents drawn to its architectural character and unbeatable proximity to everything the city has to offer. This property is being sold together with neighboring parcel 1528, enhancing its investment potential. Whether you’re looking to renovate and reposition, expand rental income, or explore future development possibilities, this is a rare opportunity to secure a strong asset in a high-demand location!