1351 Armadale Avenue, Los Angeles, CA 90042
List Price: $4.24M
Listing Status: Active
0Days on Market: 0
24 Bedrooms · 16 Bathrooms · 11,856 sq ft
Property Type: ResidentialIncome
Year Built: 1958
Lot Size: 17,126 sq ft
Private Pool: Yes
MLS Number: 26875093
About This Property
1351 Armadale Avenue is a well-maintained 16-unit apartment community in Highland Park, offering investors an attractive value-add opportunity in one of Los Angeles' most supply-constrained multifamily markets. The property features a balanced unit mix of eight one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, appealing to a broad tenant base and supporting long-term occupancy. Residents also benefit from on-site laundry and 16 parking spaces. Its established operating history and well-maintained interiors and exteriors provide a strong foundation for current income, while limited new apartment development, high replacement costs, and continued housing demand support long-term growth. Located near major employment centers in Downtown Los Angeles, Pasadena, and Glendale, residents enjoy convenient access to Figueroa Street, York Boulevard, Old Pasadena, and Eagle Rock. The property is also near Occidental College, Pasadena City College, and Caltech. Its desirable location, below-market rents, and value-add potential position 1351 Armadale Avenue for continued rental demand, income growth, and long-term appreciation.
Listing provided by: Daniel Withers DRE #01325901 866-889-0550 daniel.withers@matthews.com, Matthews Real Estate Investment Services
Source: CRMLS, MLS #: 26875093
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.