1351 Armadale Ave, Los Angeles, CA 90042
- $4,240,000
- 24
- BD
- 16
- BA
- 11,856
- SqFt
- List Price
- $4,240,000
- MLS#
- 26875093
- Year Built
- 1958
- Bedrooms
- 24
- Bathrooms
- 16
- Living Sq. Ft
- 11,856
- Lot Size
- 17,126
- Days on Market
- 8
- Property Type
- Multifamily
- Stories
- 2
Property Description
1351 Armadale Avenue is a well-maintained 16-unit apartment community in Highland Park, offering investors an attractive value-add opportunity in one of Los Angeles' most supply-constrained multifamily markets. The property features a balanced unit mix of eight one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, appealing to a broad tenant base and supporting long-term occupancy. Residents also benefit from on-site laundry and 16 parking spaces. Its established operating history and well-maintained interiors and exteriors provide a strong foundation for current income, while limited new apartment development, high replacement costs, and continued housing demand support long-term growth. Located near major employment centers in Downtown Los Angeles, Pasadena, and Glendale, residents enjoy convenient access to Figueroa Street, York Boulevard, Old Pasadena, and Eagle Rock. The property is also near Occidental College, Pasadena City College, and Caltech. Its desirable location, below-market rents, and value-add potential position 1351 Armadale Avenue for continued rental demand, income growth, and long-term appreciation.
Additional Information
- Association Amenities
- Pool, Picnic Area, Gated Parking
- Other Buildings
- None
- Pool
- Yes
- Pool Description
- In Ground, Fenced, Community
- Heat
- Wall
- Cooling
- Wall/Window
- Number of Cars in Garage
- Assigned, Gated, Private
Mortgage Calculator
Courtesy of Matthews Real Estate Investment Services, Daniel Withers - CA DRE#01325901
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