4 Remodeled Large Units - Arlington Heights | 1326 S Bronson Ave
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4 Remodeled Large Units - Arlington Heights 1326 S Bronson Ave
4 Unit Apartment Building $1,700,000 ($425,000/Unit) 5.09% Cap Rate Los Angeles, CA 90019
Investment Highlights
- Recently remodeled building
- Centrally Located, South of Koreatown, and close to West Adams.
- 4+ Parking Spaces in Back of Property.
- Right by Midtown Crossing Shopping & Dining Center.
- 4 Large Units Total 3,608 SF.
- Very Walkable Neighborhood Featuring Good Transit, per Walk Score.
Executive Summary
Partners CRE is proud to present for sale a fully remodeled Fourplex in the popular Arlington Heights neighborhood of Los Angeles.
The Building boasts 3,608 SF of Livable Square Footage, with a great mix of units featuring One 1+1, Two 2+1s and One 1+1+Den. All units have Market Rate Tenants. The Building has 4+ parking spaces.
All apartments have been upgraded with new appliances and flooring, and the building shines with a newer roof and coat of paint, and water-wise landscaping. The building has a security gate and cameras.
This Very Walkable neighborhood features Good Transit and is situated very close to Midtown Crossing, with a Ralphs, CVS, Lowe’s Home Improvement, Planet Fitness, PetSmart, and the adjoining Olive Garden, Living Spaces, Wilshire Community Police Station and others.
This Centrally Located property is just South of Koreatown and close to West Adams, and is near countless restaurants, nightlife and shopping. The area is home to many well-rated schools.
The property has Pico Blvd. to the North and Venice Blvd. to the South, and is about halfway between the Metro Subway Station and the 10 Freeway, with easy access to the rest of the SoCal area!
The Building boasts 3,608 SF of Livable Square Footage, with a great mix of units featuring One 1+1, Two 2+1s and One 1+1+Den. All units have Market Rate Tenants. The Building has 4+ parking spaces.
All apartments have been upgraded with new appliances and flooring, and the building shines with a newer roof and coat of paint, and water-wise landscaping. The building has a security gate and cameras.
This Very Walkable neighborhood features Good Transit and is situated very close to Midtown Crossing, with a Ralphs, CVS, Lowe’s Home Improvement, Planet Fitness, PetSmart, and the adjoining Olive Garden, Living Spaces, Wilshire Community Police Station and others.
This Centrally Located property is just South of Koreatown and close to West Adams, and is near countless restaurants, nightlife and shopping. The area is home to many well-rated schools.
The property has Pico Blvd. to the North and Venice Blvd. to the South, and is about halfway between the Metro Subway Station and the 10 Freeway, with easy access to the rest of the SoCal area!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$125,417
|
$34.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,417
|
$34.76
|
| Taxes |
-
|
-
|
| Operating Expenses |
$35,119
|
$9.73
|
| Total Expenses |
$35,119
|
$9.73
|
| Net Operating Income |
$90,298
|
$25.03
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $125,417 |
| Annual Per SF | $34.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,417 |
| Annual Per SF | $34.76 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $35,119 |
| Annual Per SF | $9.73 |
| Total Expenses | |
|---|---|
| Annual | $35,119 |
| Annual Per SF | $9.73 |
| Net Operating Income | |
|---|---|
| Annual | $90,298 |
| Annual Per SF | $25.03 |
Property Facts
| Price | $1,700,000 | Apartment Style | Low Rise |
| Price Per Unit | $425,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.09% | Building Size | 3,608 SF |
| Gross Rent Multiplier | 13.55 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Price | $1,700,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| Gross Rent Multiplier | 13.55 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,608 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 1.11/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,700 | - |
| 2+1 | 2 | $2,513 | - |
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Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 5072-006-006 | Total Assessment | $1,506,440 |
| Land Assessment | $964,981 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $541,459 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5072-006-006
Land Assessment
$964,981
Improvements Assessment
$541,459
Total Assessment
$1,506,440
Annual Taxes
$0 ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | RD2 |
| RD2 |
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4 Remodeled Large Units - Arlington Heights | 1326 S Bronson Ave
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