1519 Armacost AvenueLos Angeles, CA 90025




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$12,775We are pleased to present 1519 Armacost Avenue, an 11-unit apartment building located in a prime Westside location of Los Angeles. 1519 Armacost Avenue offers investors the rare opportunity to acquire a professionally managed, low-maintenance multifamily asset in one of the most desirable rental submarkets on the Westside. Offered for the first time in decades, the property reflects long-term ownership, pride of management, and stable operations. Built in 1959, the property features a well-balanced and highly functional unit mix consisting of five bachelor units, five one-bedroom / one-bath units, and one two-bedroom / two-bath unit, appealing to a broad West Los Angeles renter demographic. The building is separately metered for gas and electricity, enhancing operational efficiency and limiting owner expense exposure. The property offers on-site parking and a dedicated on-site laundry room, both valuable amenities in this centrally located Westside setting. Residents enjoy a walkable lifestyle with close proximity to high-end dining, retail, and nightlife, reinforcing consistent rental demand.With current rents below market, the property presents significant rental upside through turnover and interior renovations. Additionally, the site offers potential ADU expansion opportunities (Buyer to verify), providing future flexibility and optionality for the next owner. This offering represents a compelling opportunity to acquire a stable Westside asset with long-term income growth and upside potential.
| 2 months ago | Listing updated with changes from the MLS® | |
| 3 months ago | Listing first seen on site |
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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