1351 Armadale Avenue, Los Angeles, CA 90042
- $4,240,000
- 24
- BD
- 16
- BA
- 11,856
- SqFt
Listing courtesy of Listing Agent: Daniel Withers (daniel.withers@matthews.com) from Listing Office: Matthews Real Estate Investment Services.
- List Price
- $4,240,000
- Status
- ACTIVE
- Days on Market
- 22
- MLS#
- 26875093
- Subtype
- Residential Income
- Year Built
- 1958
- Bedrooms
- 24
- Bathrooms
- 16
- Living Area
- 11,856
- Lot Size
- 17,126
- Acres
- 0.39
- MLS Area Major
- Highland Park (632)
Property Description
1351 Armadale Avenue is a well-maintained 16-unit apartment community in Highland Park, offering investors an attractive value-add opportunity in one of Los Angeles' most supply-constrained multifamily markets. The property features a balanced unit mix of eight one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, appealing to a broad tenant base and supporting long-term occupancy. Residents also benefit from on-site laundry and 16 parking spaces. Its established operating history and well-maintained interiors and exteriors provide a strong foundation for current income, while limited new apartment development, high replacement costs, and continued housing demand support long-term growth. Located near major employment centers in Downtown Los Angeles, Pasadena, and Glendale, residents enjoy convenient access to Figueroa Street, York Boulevard, Old Pasadena, and Eagle Rock. The property is also near Occidental College, Pasadena City College, and Caltech. Its desirable location, below-market rents, and value-add potential position 1351 Armadale Avenue for continued rental demand, income growth, and long-term appreciation.
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Additional Information
- Zoning
- LAR1
- Flooring
- Wood
- Appliances
- Dishwasher, Refrigerator
- Heating
- Wall Furnace
- Air Conditioning
- Yes
- Stories
- One Level
- Levels
- One
- Pool Type
- Community, Fenced, In Ground, Association
- Parking Features
- Assigned, Gated, Private
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.