1528 2nd Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
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1528 2nd Avenue
Los Angeles, California 90019
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,588Sq Ft
7,502Lot Size
Property Price
LIST PRICE$1,298,000
EST. MARKET VALUE
$1,340,934
3% BelowMARKET VALUE
SUMMARY
This quadruplex presents a Strong Value Opportunity with a List Price of $1,298,000—positioned well below the $1,388,236 Fair Market Value by 6%. This valuation gap offers $90,236 in Instant Equity. Featuring four expansive 1-bed, 1-bath units and 8-car parking capacity, the property maintains a Condition Rating of 4, indicating a need for cosmetic updates. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-income generating property in a central, transit-accessible location.
Estimated Market Value
$1,340,934+$42,934 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1528 2nd Avenue Subject 0 bd · 0 ba · 4,588 sqft · $292 | $1,298,000* List Price | 0 | 0 | 4,588 | $292 | - |
A 1827 Crenshaw Sold 0 bd · 0 ba · 3,454 sqft · $296 · 0.7 mi | $1,022,500 | 0 | 0 | 3,454 | $296 | 0.7 mi |
B 1417 3rd Avenue Active 8 bd · 8 ba · 4,151 sqft · $356 · 0.1 mi | $1,478,000 List Price | 8 | 8 | 4,151 | $356 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1911 and shows a dated exterior with cracking in the asphalt parking area and driveway. While the listing notes newer windows, there is no mention of recent renovations to the kitchens, bathrooms, or core systems (HVAC/electrical), indicating the property is likely functional but requires cosmetic updates and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Unit Size
Each of the four 1-bedroom units offers approximately 1,150 square feet of living space, providing a rare and expansive layout that is highly competitive for attracting premium renters.
- Superior Parking Capacity
The property features an impressive 8-car parking capacity, including four detached garages and four concrete spaces, a significant value-add in a high-density Los Angeles neighborhood.
- Secure and Central Location
Situated in the desirable Arlington Heights area, the property is fully enclosed with a security gate and offers excellent proximity to major transit corridors, trendy dining, and retail.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Built in 1911, the property may require substantial long-term capital expenditure for maintenance or upgrades to aging plumbing, electrical, and structural systems.
- Low Local School Ratings
The majority of the assigned public schools in the immediate area carry low performance ratings, which could impact the property's appeal to families or long-term residents prioritizing education.
About 1528 2nd Avenue
GENERATING IMMEDIATE INCOME. "Excellent Investment opportunity to acquire a fully occupied, turnkey 4-unit apartment building generating immediate, stable rental income." The perfect opportunity for savvy Investors, seeking strong income generation. Located in a desirable centrally area with quick access to the freeways, major transit corridors and filled with trendy dining, coffee, shops and retail. It's a fully enclosed property equipped with a secure Security Gate for controlled access and peace of mind. Newer large-size windows throughout to maximize natural light. Oversized units' layout Four expansive 1-bed, 1-bath units providing a rare amount of living space totaling 4,588sq near 1,150 square feet per unit, making them highly competitive and attractive to premium renters. Exclusive Parking Capacity featuring 4 Detached Garages plus 4 Concrete Parking Spaces in the back yard.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1911
- Lot Size
- 7,502 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Carson-Gore Academy Of Enviornmental Studies
Grades K-5 • 0.3 mi
6/10
Arlington Heights Elementary School
Grades K-5 • 0.4 mi
3/10
Twenty-Fourth Street Elementary School
Grades K-5 • 0.8 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 4,588 | 2,090.331 |
| Lot Size | 7,502 | 5,852.908 |
| Price | $1.30M | $830.9K |
| Price per sq ft | $283 | $394 |
| Built year | 1911 | 1928 |
| HOA | $0 | $0 |
| Days on market | 59 | 87 |
Pricing History
Listed for Sale
Sep 11, 2026
$1,298,000
Initial Listing