9
See all 9 photos
$4,240,000
Est. payment /mo
24 Beds
16 Baths
11,856 SqFt
New
1351 Armadale AVE Los Angeles, CA 90042
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,856 sqft
Price per Sqft $357
MLS Listing ID 26875093
Bedrooms 24
HOA Y/N No
Year Built 1958
Lot Size 0.393 Acres
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.
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LAR1
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned, Gated, Private
Pool Community, Fenced, In Ground, Association
Community Features Pool
Amenities Available Picnic Area, Pool
Total Parking Spaces 16
Private Pool No
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5474029026
Special Listing Condition Standard
Listed by Daniel Withers Matthews Real Estate Investment Services #01325901
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