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$ 4,240,000
Est. payment | /mo
11,856 SqFt
$ 4,240,000
Est. payment | /mo
11,856 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,856 sqft
Price per Sqft $357
MLS Listing ID CL26875093
HOA Y/N No
Year Built 1958
Lot Size 0.393 Acres
Acres 0.3932
Property Sub-Type Other
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
Zoning LAR1
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 5474029026
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Listed by Daniel Withers • Matthews Real Estate Investment Services
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