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1522 2nd Avenue, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1522 2nd Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$1,600,000
1522 2nd Avenue, Los Angeles, California 90019
0Bed
0Bath
3,452Sqft
7,502Lot
Year Built
1908
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$463
HOA
-
Days on market
-
Sold On
-
MLS number
SR25111199
Home ConditionPoor
Features
Good View: Neighborhood
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.60M(69th), sqft - 3452(50th), beds - undefined(50th), baths - undefined(50th).

Exciting Investment Opportunity in Prime Arlington Heights – Welcome to the Heart of Mid-City Living! Unlock the potential of this four-unit income property in the red-hot Arlington Heights neighborhood of Mid-City, Los Angeles! Featuring a dynamic unit mix—two spacious 3-bed/2-bath units and three cozy singles (1 non-conforming)—this property is packed with potential and primed for growth. Whether you’re looking to renovate, reposition, or expand, this is your golden ticket to passive income in one of L.A.’s most strategically located neighborhoods. Sitting on a generous 7,502 sq ft lot, with 3,452 sq ft of living space, this gem includes three detached garages—perfect candidates for ADU conversions (subject to city approval). The existing units boast high ceilings, large windows, open floor plans, and charming period details that blend old-world character with modern-day appeal. This setup offers much larger-than-average square footage compared to newer builds—an undeniable value-add in today’s rental market. And let’s talk location—Mid-City/Arlington Heights (90019) is where it’s at! You’re just minutes from The Grove, LACMA, La Brea Tar Pits, and Runyon Canyon. Plus, with top-rated schools like Pio Pico Middle School and Los Angeles Senior High nearby, it’s an ideal setting for families and professionals alike. This diverse, vibrant community is filled with eclectic dining options, rich cultural landmarks, and easy access to Downtown LA, Koreatown, and the Westside. Whether you’re an investor chasing upside potential or a developer with vision, this property delivers the perfect blend of charm, location, and opportunity. Don’t miss out on one of the most exciting multifamily offerings in the area!

Nearby schools

6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•0.3mi
3/10
Arlington Heights Elementary School
Public,•K-5•0.4mi
3/10
Los Angeles Elementary School
Public,•K-5•0.8mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.8mi
7/10
Queen Anne Place Elementary School
Public,•K-5•0.9mi
3/10
Wilton Place Elementary School
Public,•K-5•1.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.3mi
5/10
Pio Pico Middle School
Public,•6-8•0.1mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•0.5mi
7/10
John Burroughs Middle School
Public,•6-8•1.7mi
4/10
Los Angeles Senior High School
Public,•9-12•1.2mi
4/10
West Adams Preparatory High School
Public,•9-12•1.7mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.2mi

Price History

Date
Event
Price
07/12/06
Sold
$830,000
12/15/05
Sold
$650,000
01/19/99
Sold
$181,000
Condition Rating
Poor
Built in 1908, this property is explicitly marketed as an 'investment opportunity' requiring 'substantial capital investment' for 'system upgrades and general renovations.' The absence of interior photos, especially of kitchens and bathrooms, strongly indicates these areas are significantly outdated and require full renovation. While the exterior shows some maintenance for its age, the overall condition points to a need for extensive repairs and rehabilitation to meet modern living standards, aligning with a 'Poor' rating.
Pros & Cons

Pros

High-Potential Investment Property: Positioned as an 'exciting investment opportunity' in a 'red-hot' neighborhood, offering significant upside for passive income and growth.
Versatile Unit Mix & Income Stream: Features a dynamic four-unit mix (two 3-bed/2-bath, three singles), providing diverse rental income potential and flexibility for repositioning.
Significant ADU Conversion Opportunity: Three detached garages present a clear path for ADU conversions, offering substantial value-add and increased revenue potential.
Prime Mid-City Location: Situated in the highly desirable Arlington Heights/Mid-City area, offering excellent access to major L.A. attractions, cultural landmarks, dining, and employment hubs.
Historic Charm & Spacious Interiors: Units feature appealing period details, high ceilings, and larger-than-average square footage, enhancing tenant appeal and market value.

Cons

Advanced Age & Potential for Deferred Maintenance: Built in 1908, the property is likely to require substantial investment in system upgrades and general renovations to meet modern standards and maximize rental income.
Non-Conforming Unit Status: One of the single units is non-conforming, which may necessitate legal or permitting work to regularize its status, potentially incurring additional costs and complexities.
Requires Substantial Capital Investment: The property is presented as an opportunity for renovation and repositioning, indicating that significant upfront capital and project management will be required to realize its full potential.

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