1513 Arlington Ave, Los Angeles, CA 90019

See docs section for om. We are 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 in1963, 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. PROPERTY DESCRIPTION1513 Arlington Ave. is a nine-unit multifamily property located in the Arlington Heights neighborhood Los Angeles. Built in 1963, the two-story building offers a diverse unit mix consisting of studio, one bedroom, and two-bedroom apartments designed to appeal to a wide range of tenants. 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 r

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