1525 Armacost Avenue, Los Angeles, California 90025, Los Angeles, 90025 - bed, bath
ACTIVE$2,999,000
1525 Armacost Avenue, Los Angeles, California 90025
0Bed
0Bath
6,985Sqft
7,003Lot
Year Built
1963
Close
-
List price
$3M
Original List price
$3.89M
Price/Sqft
$429
HOA
-
Days on market
-
Sold On
-
MLS number
SB25082895
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros.
PRIME WEST LA MULTIFAMILY INVESTMENT! Located south of Santa Monica Blvd, between Bundy and Barrington, this well-maintained 9-unit property offers an unbeatable opportunity in one of West LA’s most desirable neighborhoods. The unit mix includes two 2-bed/2-bath units, six 1-bed/1-bath units, and one studio—ideal for attracting a variety of tenants. Residents enjoy proximity to local parks, Santa Monica State Beach, and UCLA’s Mathias Botanical Garden. With strong rental demand and long-term growth potential, this asset is perfect for any investor looking to expand their portfolio in a thriving coastal market.
Nearby schools
5/10
Brockton Avenue Elementary School
Public,•K-5•0.3mi
7/10
Nora Sterry Elementary School
Public,•K-5•0.7mi
8/10
McKinley Elementary School
Public,•PK-5•1.2mi
8/10
Edison Elementary School
Public,•PK-5•1.2mi
6/10
Richland Avenue Elementary School
Public,•K-6•1.4mi
9/10
Franklin Elementary School
Public,•PK-5•1.5mi
8/10
Grant Elementary School
Public,•PK-5•1.5mi
8/10
Clover Avenue Elementary School
Public,•K-5•2.2mi
8/10
Mar Vista Elementary School
Public,•K-5•2.2mi
9/10
Overland Avenue Elementary School
Public,•K-5•2.2mi
8/10
Lincoln Middle School
Public,•6-8•1.9mi
6/10
John Adams Middle School
Public,•6-8•2.0mi
6/10
University Senior High School
Public,•9-12•0.3mi
8/10
Santa Monica High School
Public,•9-12•2.5mi
6/10
Venice Senior High School
Public,•9-12•3.1mi
Price History
Date
Event
Price
08/06/25
$2,999,000
04/25/25
$3,888,000
01/12/01
Sold
$1,075,000
Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While described as 'well-maintained,' the exterior images show an older building with a dated architectural style. Without any interior photos, it's impossible to assess the condition of kitchens, bathrooms, appliances, flooring, or other interior features. Given its age and the lack of evidence of recent major renovations (which would typically be highlighted with interior photos for a multi-unit property), it's highly probable that the interiors are functional but outdated, requiring minor updates to meet current market expectations and tenant preferences. This aligns with the 'Fair' condition criteria of being 'aged but maintained through regular upkeep and occasional updates' where 'major components are functional but show signs of being outdated.'
Pros & Cons
Pros
Prime West LA Location: Located in a highly desirable West LA neighborhood, south of Santa Monica Blvd, offering excellent proximity to local parks, Santa Monica State Beach, and UCLA, ensuring strong tenant appeal and demand.
Multifamily Investment Opportunity: A 9-unit property explicitly marketed as a prime multifamily investment, poised for strong rental demand and long-term growth potential in a thriving coastal market.
Diverse Unit Mix: The property features a versatile unit mix of two 2-bed/2-bath, six 1-bed/1-bath, and one studio, catering to a broad tenant base and optimizing occupancy rates.
Significant Price Reduction: A substantial price drop from the original list price of $3.888M to $2.999M presents a compelling value proposition and increased attractiveness for potential investors.
Well-Maintained Property: Described as a 'well-maintained' 9-unit property, suggesting a potentially lower immediate capital expenditure for a new owner compared to properties requiring extensive deferred maintenance.
Cons
Property Age: Built in 1963, the property's age may indicate older building systems (e.g., plumbing, electrical) that could require future upgrades or more frequent maintenance to meet modern standards.
Lack of Modern Amenity Details: The description does not specify recent renovations or modern amenities (e.g., in-unit laundry, central AC, updated finishes), which could be a competitive disadvantage in attracting premium tenants in a prime market.
Implication of Large Price Drop: While beneficial for buyers, the nearly $900,000 price reduction from the original listing might raise questions about initial overpricing or underlying issues that necessitated such a significant adjustment.