1661 Arlington Avenue, 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 $1,100,000, positioned near its $1,036,121 Fair Market Value. Located in the high-demand Mid-City Los Angeles corridor, this 1905 Craftsman property carries a Condition Rating of 5, requiring extensive renovation to unlock its full potential. The RD1.5 Zoning and proximity to Queen Anne Place Elementary provide a strong foundation for forced appreciation. Ideally situated near USC and Downtown LA, the property offers significant rental upside and FHA financing eligibility. This is a prime project for Value-Add Investors or Developers seeking a high-yield project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1661 Arlington Avenue Subject | $1,100,000* List Price | 0 | 0 | 2,973 | $349 | - |
A 1438 S Bronson Avenue Sold | $947,000 | 0 | 0 | 2,889 | $328 | 0.5 mi |
B 1608 Cimarron Street Active | $900,000 List Price | 0 | 0 | 2,990 | $301 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1905, this property requires substantial repairs and rehabilitation. The vacant unit, in particular, shows severe signs of neglect with heavily stained carpets, cracked walls and ceilings, peeling paint, and extremely outdated kitchen and bathroom fixtures (old tile countertops, basic cabinets, ancient utility sink, and worn bathroom tiles). While one unit is occupied and appears to have some cosmetic updates like laminate flooring and a newer refrigerator, the core kitchen and bathroom structures remain very old and dated. The listing description itself highlights it as a 'value-add opportunity' requiring 'extensive renovation,' confirming its poor condition and the need for significant capital investment to bring it to modern standards.
Positioned as a significant investment with multiple strategies for increasing value and generating substantial returns, appealing to both investors and developers.
Situated in a high-demand Mid-City Los Angeles neighborhood, offering excellent access to major employment centers and attractions like USC, Koreatown, and Downtown LA.
Provides diversified income streams from four separate units, enhancing financial stability and cash flow potential for an owner.
Built in 1905, the property likely requires substantial investment to update systems and address potential deferred maintenance common in older buildings.
The description highlights the need for remodeling to maximize rental income, indicating significant capital expenditure will be needed post-purchase.
The existing 1-bedroom and 2-bedroom units may not fully capitalize on market demand without costly conversions to larger, more desirable layouts as suggested.
Investment opportunity in Arlington Heights! This charming Craftsman-style fourplex is located in the heart of Mid-City Los Angeles, one of the city’s most central and high-demand neighborhoods. The property consists of two detached buildings on a 5,963 sqft RD1.5 lot with 2,973 sqft of living space. The front building features two spacious units, one with 2 bedrooms and 1 bath, and the other with 1 bedroom and 1 bath. Both units offer excellent potential to be remodeled and converted into 3-bedroom, 1-bath apartments to maximize rental income. One unit is currently vacant and will be delivered vacant at the close of escrow. The rear building includes a two well-sized 1-bedroom, 1-bath units. Each apartment includes a covered garage space. This is a prime value-add opportunity with multiple exit strategies. The property qualifies for FHA financing, allowing owner-occupants or investors to take advantage of favorable terms. With strong rental demand, long-term appreciation, and development potential, this asset offers tremendous upside. Ideally situated near USC, Koreatown, Downtown LA, and the Westside, this property combines classic character, convenience, and investment potential. A rare find in a sought-after neighborhood, perfect for investors or developers looking for their next project.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 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 | 2,973 | 2,878.5 | 55% |
| Lot Size | 5,963 | 5,966.5 | 50% |
| Price | $1.10M | $1.10M | 50% |
| Price per sq ft | $370 | $441 | 25% |
| Built year | 1905 | 1926 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 198 | 228 | 35% |
Jan 4, 2026
$1,100,000
$1,200,000
-8% Price Drop
Initial Listing
Oct 6, 2025
$1,200,000
Initial Listing
Jun 21, 2006
$745,000
Public Record
Aug 24, 1999
$180,000
Public Record