1542 2nd Avenue

Los Angeles CA 90019

5472 sq. ft.

7501 sq. ft.

Other

Last sold for $1,250,000

Coby Chatwin, last sold this property on 08 July 2026 after 189 days on market.

Overview

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.

Features

16 bedrooms

9 bathrooms

8 carspaces

2 open car spaces

5472 sq. ft. floor area

7501 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 16 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 1542 2nd Avenue

2026

Sold

$1,250,000

08 Jul 2026 by Coby Chatwin, of Link Brokerages

Happy sellers in Los Angeles

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