1608 Cimarron Street, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
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Los Angeles, California 90019
This Value-Add Quadruplex Asset is listed at $900,000, positioned near its $821,584 Fair Market Value in the high-demand Arlington Heights neighborhood. Carrying a Condition Rating of 5, the 1913 Spanish-style property requires a comprehensive rehabilitation of its four one-bedroom units to unlock its full income potential. The asset features a rare four-car driveway and sits just minutes from USC and Downtown Los Angeles, ensuring a consistent tenant base. This project is a strategic acquisition for Buy-and-Hold Investors or Contractors looking to capitalize on Mid-City’s rental growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1608 Cimarron Street Subject | $900,000* List Price | 0 | 0 | 2,990 | $275 | - |
A 1438 S Bronson Avenue Sold | $947,000 | 0 | 0 | 2,889 | $328 | 0.7 mi |
B 1661 Arlington Avenue Active | $1,100,000 List Price | 0 | 0 | 2,973 | $370 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1913, this fourplex shows significant signs of deferred maintenance and requires substantial rehabilitation. The kitchens are severely outdated with peeling paint on cabinets and old, mismatched appliances. Bathrooms feature aged pink tiling and worn fixtures. Interior images reveal popcorn ceilings, mismatched or worn flooring, and visible cracks in the walls, indicating that major systems and finishes are well beyond their expected lifespan.
As a fourplex featuring four separate one-bedroom units, this property offers a robust opportunity for consistent rental income and high occupancy rates in a dense urban market.
Situated in the highly demanded Arlington Heights neighborhood, the property is just five minutes from Downtown Los Angeles and in close proximity to USC, making it a prime location for student and professional rentals.
The property includes a private driveway that accommodates up to four cars plus additional off-street parking, a rare and highly valuable amenity for multi-family housing in Los Angeles.
Built in 1913, the property likely requires significant ongoing maintenance and potential capital expenditures for aging systems such as plumbing, electrical, and roofing.
The uniform configuration of four 1-bedroom, 1-bathroom units limits the potential tenant base to individuals or couples, excluding the higher-rent family demographic.
The 3,829 square foot lot is relatively small for a fourplex, leaving very little room for outdoor common areas, tenant amenities, or future expansion of the building footprint.
OPPORTUNITY, OPPORTUNITY, OPPORTUNITY!!! FOR THE RIGHT PERSON THIS SPANISH STYLE INCOME PRODUCING FOURPLEX CAN BE A GREAT AND SMART INVESTMENT. JUST 5 MINUTES AWAY FROM DOWNTOWN LOS ANGELES IN THE BEAUTIFUL HIGHLY DEMANDED ARLINGTON HEIGHTS NEIGHBORHOOD "MID-CITY LA" 4 UNITS ONE BEDROOM, 1 BATH: 2 DOWNSTAIRS, 2 UPSTAIRS WITH BALCONY, DRIVEWAY FOR UP TO 4 CARS AND FRIENDLY OFF STREET PARKING. THIS PROPERTY IS NEAR USC AND IDEAL FOR COLLEGE STUDENTS. PERFECT FOR INVESTORS!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,990 | 2,878.5 | 60% |
| Lot Size | 3,829 | 5,937 | 10% |
| Price | $900.0K | $1.08M | 30% |
| Price per sq ft | $301 | $441 | 15% |
| Built year | 1913 | 1926 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 84 | 228 | 10% |
Mar 6, 2026
$900,000
$850,000
+6% Price Increase
Initial Listing
Jan 28, 2026
$850,000
Initial Listing