Los Angeles, CA 90019 1407 5th Avenue

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Presented By: Susan Lau with Coldwell Banker Realty;
  • MLS# 24373547
  • 03/27/2024
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  • BedBeds • 6
  • BathBaths • 4
  • FootageSQFT • 2,509

Home Details

Craftsman-style duplex nestled in the vibrant and up-and-coming Arlington Heights neighborhood of Los Angeles. This exceptional 2-unit income property offers a rare opportunity to own in one of LA's most desirable areas. Investors and owner-users will discover a potential value-add opportunity to add Accessory Dwelling Unit (ADU) at the rear of the property on this large 7,500SF lot that is currently being underutilized. Situated in the heart of Mid-City, adjacent to the sought-after residential neighborhoods of Lafayette Square and Country Club Park, this property boasts easy access to the I-10 and I-110 freeways, as well as convenient proximity to public transportation, making commuting a breeze. Just minutes away from bustling Koreatown, residents will find themselves surrounded by an abundance of amenities including top-notch dining, entertainment, shopping centers, and more. Property is fully occupied and will be delivered with tenants.
Presented By: Susan Lau with Coldwell Banker Realty;

Interior Features for 1407 5th Avenue

Bedrooms

Total Bedrooms6

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixAvenue
Total Stories2

General for 1407 5th Avenue

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
Days on Market8
DirectionsOn 5th Ave., between Pico Blvd. & 15th St.
Facing DirectionEast
Garage Y/NNo
Gross Income73572.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense5000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7501.0
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense3000.0
MobileHomeRemainsYNNo
Net Operating Income51572.0
New ConstructionNo
Occupancy DescriptionTenant
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, GatedCommunity, SmokeDetectors, WindowBars
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name5th
Taxes$17,250
Total Units2
View Y/NNo
Water Sewer Expense5824.0
Waterfront Y/NNo
Year Built1910
Year Built SourceAssessor
ZoningLARD2

Exterior for 1407 5th Avenue

Building Area Total2509.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard
Lot Size Acres0.1722
Lot Size Area7501.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesSideBySide, Uncovered
SpaNo
Total Parking5.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,380,000
MLS#24373547
List Date 03/27/2024
Property Type Multi-Family
Phone 714.964.3311
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