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$ 2,800,000
Est. payment /mo
Active
1519 Armacost AVE Los Angeles, CA 90025
7 Beds
12 Baths
5,503 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,503 sqft
Price per Sqft $508
MLS Listing ID 26655427
Bedrooms 7
HOA Y/N No
Year Built 1959
Lot Size 7,004 Sqft
Property Description
We are pleased to present 1519 Armacost Avenue, an 11-unit apartment building located in a prime Westside location of Los Angeles. 1519 Armacost Avenue offers investors the rare opportunity to acquire a professionally managed, low-maintenance multifamily asset in one of the most desirable rental submarkets on the Westside. Offered for the first time in decades, the property reflects long-term ownership, pride of management, and stable operations. Built in 1959, the property features a well-balanced and highly functional unit mix consisting of five bachelor units, five one-bedroom / one-bath units, and one two-bedroom / two-bath unit, appealing to a broad West Los Angeles renter demographic. The building is separately metered for gas and electricity, enhancing operational efficiency and limiting owner expense exposure. The property offers on-site parking and a dedicated on-site laundry room, both valuable amenities in this centrally located Westside setting. Residents enjoy a walkable lifestyle with close proximity to high-end dining, retail, and nightlife, reinforcing consistent rental demand.With current rents below market, the property presents significant rental upside through turnover and interior renovations. Additionally, the site offers potential ADU expansion opportunities (Buyer to verify), providing future flexibility and optionality for the next owner. This offering represents a compelling opportunity to acquire a stable Westside asset with long-term income growth and upside potential.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 11
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4263034010
Special Listing Condition Standard
Listed by Jonathan Taksa Remax Commercial and Investment Realty #01366169
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