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1513 S Arlington Ave 9 Unit Apartment Building $2,161,530 CAD ($240,170 CAD/Unit) 7.22% Cap Rate Los Angeles, CA 90019
Investment Highlights
- VALUE ADD OPPORTUNITY– One unit will be delivered vacant allowing an investor to immediately renovate and lease at market rents.
- ADU POTENTIAL – Front and rear tuck under parking areas may provide the opportunity for accessory dwelling unit development. Buyers to verify.
- EXCELLENT UNIT MIX – The property consists of two studio units, five one bedroom one bathroom units, and two two bedroom one bathroom units.
- RUBS – The current owner has begun implementing a utility reimbursement program (RUBS) for new tenant leases.
Executive Summary
The Highlight Group of Equity Union Commercial, as the exclusive listing agent, is pleased to present the opportunity to acquire 1513
Arlington Ave., a nine-unit multifamily investment property located in the Arlington Heights neighborhood of Los Angeles. Built in
1963, the property sits between Pico Boulevard and Venice Boulevard just south of 15th Street, placing it in one of the most centrally
located rental markets in Los Angeles.
The property offers investors a compelling value add opportunity. With one unit delivered vacant and strong rental upside, a new
owner has the opportunity to increase income while benefiting from the long-term stability of a centrally located multifamily asset.
UNIT DETAILS
All the units have well designed floor plans that include large bedrooms, large bathrooms, large kitchens, spacious living areas and ample closet space. Some units have been updated with new vinyl plank flooring, LED lighting, stainless steel appliances, kitchen cabinetry, granite counter tops, and new vanities, sinks, and tiled tubs in the bathrooms. Each unit also includes a wall heating system, double pane windows, and some have wall mounted air conditioning units.
GENERAL BUILDING DETAILS
The building has benefited from several capital improvements including the installation of a TPO roofing system, copper plumbing, a soft-story seismic retrofit, and upgraded double pane windows throughout the property. Community amenities include an on site laundry facility with two washers and two dryers.
RUBS
The current owner has begun implementing a utility reimbursement program (RUBS) for new tenant lease with Units 1 and 9. A new owner will be able to continue this program going forward.
ADU POTENTIAL
The front and rear tuck under parking areas are large and have ample ceiling height. These areas may offer opportunities for accessory dwelling unit development. Buyers are encouraged to verify the potential here with the City of Los Angeles.
Arlington Ave., a nine-unit multifamily investment property located in the Arlington Heights neighborhood of Los Angeles. Built in
1963, the property sits between Pico Boulevard and Venice Boulevard just south of 15th Street, placing it in one of the most centrally
located rental markets in Los Angeles.
The property offers investors a compelling value add opportunity. With one unit delivered vacant and strong rental upside, a new
owner has the opportunity to increase income while benefiting from the long-term stability of a centrally located multifamily asset.
UNIT DETAILS
All the units have well designed floor plans that include large bedrooms, large bathrooms, large kitchens, spacious living areas and ample closet space. Some units have been updated with new vinyl plank flooring, LED lighting, stainless steel appliances, kitchen cabinetry, granite counter tops, and new vanities, sinks, and tiled tubs in the bathrooms. Each unit also includes a wall heating system, double pane windows, and some have wall mounted air conditioning units.
GENERAL BUILDING DETAILS
The building has benefited from several capital improvements including the installation of a TPO roofing system, copper plumbing, a soft-story seismic retrofit, and upgraded double pane windows throughout the property. Community amenities include an on site laundry facility with two washers and two dryers.
RUBS
The current owner has begun implementing a utility reimbursement program (RUBS) for new tenant lease with Units 1 and 9. A new owner will be able to continue this program going forward.
ADU POTENTIAL
The front and rear tuck under parking areas are large and have ample ceiling height. These areas may offer opportunities for accessory dwelling unit development. Buyers are encouraged to verify the potential here with the City of Los Angeles.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,161,530 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $240,170 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.22% | Building Size | 7,218 SF |
| Gross Rent Multiplier | 8.8 | Average Occupancy | 88% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Zoning | LARD1.5 | ||
| Price | $2,161,530 CAD |
| Price Per Unit | $240,170 CAD |
| Sale Type | Investment |
| Cap Rate | 7.22% |
| Gross Rent Multiplier | 8.8 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,218 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $2,356 CAD | 1 |
| 1+1 | 5 | $2,229 CAD | 1 |
| 2+1 | 2 | $2,041 CAD | 1 |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5072-034-003 | Improvements Assessment | $637,298 CAD |
| Land Assessment | $1,593,250 CAD | Total Assessment | $2,230,547 CAD |
Property Taxes
Parcel Number
5072-034-003
Land Assessment
$1,593,250 CAD
Improvements Assessment
$637,298 CAD
Total Assessment
$2,230,547 CAD
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1513 S Arlington Ave
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