3804 Arlington Ave | Los Angeles, CA 90008
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- LoopNet Team
3804 Arlington Ave
Los Angeles, CA 90008
Arlington Rodeo Apartments · Multifamily Property For Sale
·
29 Units
INVESTMENT HIGHLIGHTS
- 29-unit affordable housing investment opportunity in the Leimert Park neighborhood, just south of the 10 Freeway and 1.5 miles from USC
- Two common area laundry rooms; there is also an expansive outdoor common area with playground, basketball hoop, seating, and grass area
- Potential to qualify for the Welfare Tax to significantly reduce property taxes
- 13 one-bedrooms, four two-bedrooms, and 12 three-bedrooms with both ground level and subterranean gated parking
- This is an opportunity priced below replacement cost for 1993 vintage and an opportunity to capture rental upside as units turn
- Ideal location on the corner of Arlington Ave & Obama Blvd with a short drive to Baldwin Village, Exposition Park and USC, and Downtown Los Angeles
PROPERTY FACTS
| No. Units | 29 | Building Size | 29,625 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1993 |
| Building Class | B | Parking Ratio | 1.92/1,000 SF |
| Lot Size | 0.62 AC | ||
| Zoning | C1 | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.62 AC |
| Building Size | 29,625 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1993 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | C1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
| 2+2 | 4 | - | - |
| 3+2 | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 5035-001-032 | Improvements Assessment | $3,760,720 |
| Land Assessment | $1,100,805 | Total Assessment | $4,861,525 |
PROPERTY TAXES
Parcel Number
5035-001-032
Land Assessment
$1,100,805
Improvements Assessment
$3,760,720
Total Assessment
$4,861,525
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