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1542 2nd AvenueLos Angeles, CA 90019

For Sale

$1,850,000

Smart Buyer Rebate $18,500

An attractive Mid City investment opportunity in the desirable Arlington Heights submarket of Los Angeles. Located at 1542 2nd Avenue, the property consists of 8 total units including 1 one bedroom one bathroom unit, 6 two bedroom one bathroom units, and 1 three bedroom one and three quarter bathroom unit. All units are separately metered and the property offers ample on site parking along with substantial interior value add potential. This well maintained asset features a unique and highly desirable unit mix and offers additional upside through ADU potential above the existing carports. Further opportunity for rental growth is supported by the completed seismic retrofit, enhancing both long term stability and operational flexibility. Positioned on quiet Arlington Heights residential streets, the property is conveniently located near local schools, shopping, and neighborhood attractions. With a current cap rate of 4.93%, this offering presents an excellent opportunity for investors seeking to park capital in a stabilized asset while capturing over 40% rental upside potential over time.

Listed by Coby Chatwin

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License #01998822

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Link Brokerages

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310-743-3908

Listed by Andrew Malekie

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License #02153774

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Link Brokerages

Last updated January 20, 2026

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Source: CRMLS #25631651

Listing Facts

  • TypeMulti-family
  • NeighborhoodArlington Heights
  • Bedrooms16
  • Days on Prevu32
  • Size5,472 sqft
  • Price per sqft$338

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

01/21/2026
Price Increased
$1,850,000
12/30/2025
Listed by Link Brokerages
$1,670,136

Property Details for 1542 2nd Avenue

Exterior

Construction

  • Number Of Units Total: 8
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1962

Measurements

  • Building Area Total: 5,472
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,501
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,501
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.59
  • Gross Income: $137,460.00

Taxes

  • Parcel Number: 5072034016

Interior

Measurements

  • Living Area: 5,472

Rooms

  • Bathrooms Total Integer: 9
  • Bedrooms Total: 16

Parking

Parking

  • Carport: Yes
  • Open Parking Spaces: 2
  • Parking Features: Carport, Driveway
  • Parking Total: 8

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 16 bedrooms in this multi-family home at 1542 2nd Avenue.

Does this multi-family home have parking?

Yes, there are 8 parking spaces available for 1542 2nd Avenue.

How does 1542 2nd Avenue compare to other multi-family homes in Arlington Heights?

This multi-family home is listed 6% below the average price for multi-family homes in Arlington Heights and has been on the market for 76 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 5,472 sqft.

1542 2nd Avenue is a 16-bedroom multi-family home for sale in Los Angeles CA 90019. Listed on Prevu for 32 days at $1,850,000. This includes a recent price increase of $179,864. This home features 5,472 square feet of living space, located in Arlington Heights. The median listing price for multi-family homes in this area is $1,365,000. Property amenities include parking. View other multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.