Investment opportunity in Arlington Heights! This charming Craftsman-style fourplex is located in the heart of Mid-City Los Angeles, one of the city’s most central and high-demand neighborhoods. The property consists of two detached buildings on a 5,963 sqft RD1.5 lot with 2,973 sqft of living space. The front building features two spacious units, one with 2 bedrooms and 1 bath, and the other with 1 bedroom and 1 bath. Both units offer excellent potential to be remodeled and converted into 3-bedroom, 1-bath apartments to maximize rental income. One unit is currently vacant and will be delivered vacant at the close of escrow. The rear building includes a two well-sized 1-bedroom, 1-bath units. Each apartment includes a covered garage space. This is a prime value-add opportunity with multiple exit strategies. The property qualifies for FHA financing, allowing owner-occupants or investors to take advantage of favorable terms. With strong rental demand, long-term appreciation, and development potential, this asset offers tremendous upside. Ideally situated near USC, Koreatown, Downtown LA, and the Westside, this property combines classic character, convenience, and investment potential. A rare find in a sought-after neighborhood, perfect for investors or developers looking for their next project.
For sale
Listing Provided by:
Walner Hernandez DRE #01318574 310-628-7008,
Keller Williams World Media Center
$1,200,000
1661 Arlington Ave, Los Angeles, CA 90019
6beds
4baths
2,973sqft
Est.:
Quadruplex
Built in 1905
-- sqft lot
$1,170,100 Zestimate®
$404/sqft
$-- HOA
What's special
- 66 days |
- 178 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: October 07, 2025 at 09:52pm
Listing Provided by:
Walner Hernandez DRE #01318574 310-628-7008,
Keller Williams World Media Center
Source: CRMLS,MLS#: DW25232815
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: See Remarks
Features
- Multiple Staircases
- Flooring: See Remarks
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,973
- Total interior livable area: 2,973 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Door-Single, Garage
- Garage spaces: 4
Features
- Entry location: Floor, steps
- Pool features: None
- Spa features: None
- Fencing: Vinyl
- Has view: Yes
- View description: None
Lot
- Size: 5,963 Square Feet
- Features: 0-1 Unit/Acre, Back Yard, Front Yard, Near Public Transit
Details
- Parcel number: 5072032004
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Wood Siding
- Roof: Composition,Shingle
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Street Lights
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $404/sqft
- Tax assessed value: $1,018,090
- Annual tax amount: $12,716
- Date on market: 10/6/2025
- Cumulative days on market: 66 days
- Listing terms: Cash,Cash to New Loan,Conventional,FHA,Government Loan,VA Loan
- Tenant pays: Cable TV, Electricity, Gas
- Road surface type: Paved
Estimated market value
$1,170,100
$1.11M - $1.23M
$2,176/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2025 | Listed for sale | $1,200,000+61.1%$404/sqft |
Source:  CRMLS #DW25232815 Report a problem | ||
| 6/21/2006 | Sold | $745,000+31.9%$251/sqft |
Source: Public Record Report a problem | ||
| 9/24/2004 | Sold | $565,000+213.9%$190/sqft |
Source: Public Record Report a problem | ||
| 8/24/1999 | Sold | $180,000$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,716 +1.3% | $1,018,090 +2% |
| 2024 | $12,557 +1.9% | $998,128 +2% |
| 2023 | $12,323 +4.7% | $978,557 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,522/mo
Principal & interest
$5942
Property taxes
$1160
Home insurance
$420
Climate risks
Neighborhood: Arlington Heights
Nearby schools
GreatSchools rating
- 7/10Carson-Gore Academy Of Enviornmental StudiesGrades: K-5Distance: 0.2 mi
- 7/10Pio Pico Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Los Angeles Senior High SchoolGrades: 9-12Distance: 1.3 mi
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