1405 Armadale Ave

Los Angeles CA 90042

5280 sq. ft.

15001 sq. ft.

Other

Currently for sale - view listing

Overview

We are pleased to offer for sale a 10-unit apartment community located at 1405 Armadale Avenue. The subject property is located just east of Eagle Rock Boulevard between Highland Park & Eagle Rock, which are viewed as some of the most widely publicized and newly energized communities in Los Angeles. The property is located a block south of Occidental College, sandwiched between the desirable markets of Highland Park & Eagle Rock. Over the years, both of these communities have emerged as sought after markets due to the rapidly developing area. Both communities have long been perceived by investors as stable rental markets due to their proximity to Glendale, Pasadena & Downtown Los Angeles. Situated on a 15,001 square foot parcel, the property comprises entirely of individual one-bedroom bungalow style units. The property was fully renovated in 2015 and the buildings were gutted to the frame and completely redone. The entire electrical system was replaced and both plumbing and gas were redone with permits. Unit interiors include washer/dryers, upgraded kitchens with glass tiles, stainless steel appliances, and outside decks with ceramic tile. The continued gentrification of the surrounding area along with the opportunity for an investor to acquire a beautifully renovated property with stable income for the foreseeable future makes 1405 Armadale Avenue an excellent acquisition opportunity.