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1519 Armacost Ave
Los Angeles, CA 90025
Multifamily Property For Sale
·
11 Units
Investment Highlights
- 11-Unit Apartment Building Located in Prime West Los Angeles
- Excellent Unit Mix and Significant Rental Upside
- Potential ADU Development (Buyer to Verify)
- Built in 1959 – Proven, Timeless Construction with Strong, Durable West Los Angeles Rental Demand
- Professionally Managed, Easy-to-Operate Asset
- In Close Proximity to Dining, Retail, and Nightlife
Executive Summary
Jonathan Taksa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is 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.
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.
Property Facts
| Price Per Unit | $359,087 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.65% | Building Size | 5,503 SF |
| Gross Rent Multiplier | 10.91 | Average Occupancy | 91% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Los Angeles | ||
| Price Per Unit | $359,087 CAD |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Gross Rent Multiplier | 10.91 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,503 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 350 |
| 1+1 | 5 | - | 600 |
| 2+1 | 1 | - | 800 |
Property Taxes
| Parcel Number | 4263-034-010 | Improvements Assessment | $966,917 CAD |
| Land Assessment | $1,933,846 CAD | Total Assessment | $2,900,763 CAD |
Property Taxes
Parcel Number
4263-034-010
Land Assessment
$1,933,846 CAD
Improvements Assessment
$966,917 CAD
Total Assessment
$2,900,763 CAD
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