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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$4,240,000

Est. payment - /mo

24 Beds

16 Baths

11,856 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 11,856 sqft

Price per Sqft $357

MLS Listing ID 26875093

Bedrooms 24

HOA Y/N No

Year Built 1958

Lot Size 0.393 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LAR1

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry Common Area

Exterior

Parking Features Assigned, Gated, Private

Pool Community, Fenced, In Ground, Association

Community Features Pool

Amenities Available Picnic Area, Pool

Total Parking Spaces 16

Private Pool No

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5474029026

Special Listing Condition Standard

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Listed by Daniel Withers Matthews Real Estate Investment Services #01325901

NEARBY SCHOOL & BUSINESS

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1351 Armadale AVE Los Angeles, CA 90042