3968 Arlington Avenue, Los Angeles, California 90008, Los Angeles, 90008 - bed, bath
ACTIVE$1,100,000
3968 Arlington Avenue, Los Angeles, California 90008
0Bed
0Bath
2,720Sqft
8,143Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: The property is a quadruplex, consisting of a single-family house and three 1-bedroom/1-bath units, explicitly classified as 'Residential Income,' offering significant rental income potential for investors.
Top Cons:
Age of Property: Built in 1940, the property is over 80 years old, which may indicate a need for significant capital expenditures for system upgrades, structural maintenance, or modernization in unrenovated areas.
Compared to the nearby listings
Price:$1.10M vs avg $1.10M (+$0)50%
Size:2,720 sqft vs avg 2,063 sqft67%
Price/sqft:$404 vs avg $46033%
More Insights
Built in 1940 (85 years old).
Condition: The property, built in 1940, presents a mixed condition. While one of the 1-bedroom units has been recently and extensively renovated with modern laminate flooring, updated kitchen (new cabinets, quartz countertops, newer white appliances, stainless steel hood), and a fully modernized bathroom (new vanity, tiled shower, modern fixtures), the main house and at least one other unit are significantly older. These older units feature original or older hardwood flooring, dated kitchens with older cabinets, countertops, and appliances, and bathrooms with older tiles and fixtures. Wall heaters are visible, indicating older heating systems. The overall property is aged but appears maintained, with some units requiring substantial cosmetic updates to meet current standards, while one unit is move-in ready. This blend of conditions, with a majority of components showing their age despite some recent updates, places the property in the 'Fair' category.
Year Built
1940
Close
-
List price
$1.1M
Original List price
$1.2M
Price/Sqft
$404
HOA
-
Days on market
-
Sold On
-
MLS number
AR23130464
Home ConditionFair
Features
View-
About this home
Property consists of One Single family house & Three 1 bedroom /1 bath unit , one upstairs 1 bedroom renovated .Front house has 3 bedroom/2 bath. Provided 3 garages ,2 carports and two open spaces . 1 single garage for parking and 2 sign garages used as storage.good size back yard and convenient location .3 garages,2 carport & 1 parking space. Convenient Location .
Price History
Date
Event
Price
07/02/98
Sold
$187,000
09/23/10
Sold
$280,000
09/16/04
Sold
$499,000
03/26/04
Sold
$430,000
Condition Rating
Fair
The property, built in 1940, presents a mixed condition. While one of the 1-bedroom units has been recently and extensively renovated with modern laminate flooring, updated kitchen (new cabinets, quartz countertops, newer white appliances, stainless steel hood), and a fully modernized bathroom (new vanity, tiled shower, modern fixtures), the main house and at least one other unit are significantly older. These older units feature original or older hardwood flooring, dated kitchens with older cabinets, countertops, and appliances, and bathrooms with older tiles and fixtures. Wall heaters are visible, indicating older heating systems. The overall property is aged but appears maintained, with some units requiring substantial cosmetic updates to meet current standards, while one unit is move-in ready. This blend of conditions, with a majority of components showing their age despite some recent updates, places the property in the 'Fair' category.
Pros & Cons
Pros
Multi-Unit Income Potential: The property is a quadruplex, consisting of a single-family house and three 1-bedroom/1-bath units, explicitly classified as 'Residential Income,' offering significant rental income potential for investors.
Ample & Diverse Parking: Features a comprehensive parking setup including 3 garages (with 1 for parking and 2 for storage), 2 carports, and 2 open spaces, providing versatile and sufficient parking options for multiple tenants.
Recent Price Reduction: The list price has been reduced from $1.2 million to $1.1 million, presenting a potential value opportunity and increased attractiveness for prospective buyers.
Renovated Unit: One of the 1-bedroom units has been recently renovated, which can command higher rental rates and attract quality tenants immediately.
Desirable Outdoor Space: The property includes a 'good size back yard,' offering valuable outdoor living space, a sought-after amenity in urban environments like Los Angeles.
Cons
Age of Property: Built in 1940, the property is over 80 years old, which may indicate a need for significant capital expenditures for system upgrades, structural maintenance, or modernization in unrenovated areas.
Partial Renovation: Only one of the four units is specified as renovated, implying that the main house and the other two units likely require substantial updates or renovations to maximize their market value and rental income potential.
Garages Used for Storage: Two of the three garages are currently utilized for storage rather than vehicle parking, which might limit covered parking availability for tenants and could require conversion if more dedicated parking spaces are desired.