$10,000 Closing Credit¹
Jae Song, Listing Office: Max Mega Group
#24466229·
Listing Office: KW Advisors·
Listing Agent: Daniel Hirth·
Listing Office Phone: 310-482-2200
$10,000
closing credit¹
1329 2nd Ave Los Angeles, CA 90019
$1,500,000 List price
$10,000
Closing credit¹
8 beds
6 baths
5,824 sqft
0.2 acres
$258 / sqft
House
Property details
About 1329 2nd Ave
Daniel Hirth and Alex Reyhan of The Hirth Group are excited to present the exclusive opportunity to acquire 1329 2nd Avenue, a rare six-unit multifamily property in the vibrant and rapidly evolving Arlington Heights submarket of Los Angeles. This investment gem offers not only immediate cash flow but also substantial upside through renovation and re-tenanting. Situated on a 7,500 square-foot lot, this well-maintained asset features two separate buildings that span a total of approx. 5,824 square feet. The front building is a quadruplex with four distinct units, while the rear structure is a duplex with two units. The current unit mix includes two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, two of which have been upgraded to 2-bedroom, 1-bath layouts, providing versatility and potential for higher rents. With six private parking garages, the property offers a competitive edge in an area where parking is a coveted amenity. 1329 2nd Avenue is a compelling investment for those seeking both stability and a value-add component. Currently delivering a strong return of 6.27% at a 11.58 GRM, with tremendous upside potential upon re-tenanting after renovation, this multifamily asset has the ability to perform at a projected 8.33% CAP rate and an attractive 9.76 GRM. As an added advantage, the unit conversions (from 1-bedroom to 2-bedroom layouts) were completed without permits, offering savvy investors the flexibility to formalize these changes with permits, reconfigure to original specifications, or even explore further development options, subject to local zoning regulations.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
Size5,824 sqft
Lot size0.1722 Acres
Year built1906
ParkingPrivate
MLS #24466229
Summary
- MLS Number: 24466229
- MLS Name: CRMLS
- Office Name: KW Advisors
- Office Phone: (310) 482-2200
- Listing Agent: Daniel Hirth
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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 11:55:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,500,000
1329 2nd Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 06, 2022 | Home Sold | $1,500,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,530,000 | $19,537 |
| 2023 | $1,500,000 | $19,176 |
| 2022 | $243,917 | $3,941 |
| 2021 | $239,135 | $3,860 |
| 2020 | $236,684 | $3,769 |
| 2019 | $232,044 | $3,600 |
| 2018 | $227,495 | $3,494 |
| 2017 | $223,035 | $3,494 |
History based on county public records data.
Nearby schools
4
City Language Immersion Charter
Public Charter KG-5
0.4 mi
•4001 Venice Blvd
7
Global Education Academy 2
Public Charter KG-5
0.5 mi
•1717 7th Ave
6
Carson - Gore Academy of Enviornmental Studies
Public District KG-5
0.5 mi
•3200 W Washington Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,949. The majority of Los Angeles, CA residents have income less than $<35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
54%
<35k
40%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
39%
Single, No Kids
19%
Single, with Kids
18%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
9%
12-17 yrs old
27%
18-34 yrs old
40%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
$10,000 Closing Credit¹
Paul Barbosa, Listing Office: Century 21 Hollywood
$10,000 Closing Credit¹
Josh Kaplan, Listing Office: Equity Union
$10,000 Closing Credit¹
Henry Garcia, Listing Office: Real Broker
$10,000 Closing Credit¹
Obie Nwabuzor, Listing Office: Pacific Playa Realty
New - 6 days on Rocket
$10,000 Closing Credit¹
Jayson Kim, Listing Office: Infini Realty Advisors, Inc
$10,000 Closing Credit¹
Ashley Thomas, Listing Office: First Security Investment Co.,
$10,000 Closing Credit¹
Ch. (Linda) Tumen, Listing Office: One Properties
William James, Listing Office: Lyon Stahl Investment Real Estate, Inc.
Daniel Withers, Listing Office: Matthews Real Estate Investment Services
Frequently asked questions
About 1329 2nd Ave
This home is located at 1329 2nd Ave in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. This 5,824 square foot home, which was built in 1906, sits on a 0.17 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $1,500,000.
In December 2024, from all listings sold in Los Angeles, CA there were more than 524 sold above asking price, over 740 sold below and more than 203 were sold right at the asked price. Between November and December 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 5.3%. Listings spent 41 days on the market in December 2024, and had a median list price of $1,026,634 during the same period.
From Rocket Homes Real Estate and based on county public records data.