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3130 Arvia Street

Los Angeles, CA 90065

$1,500,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $494 / sqft

1910

calendar_month Built

Property Description

Incredible and rare opportunity to acquire income property in a highly sought-after neighborhood. Cypress Park, named one of LA's hottest real estate neighborhoods by The LA Times and LA Weekly. Every unit within this five-unit property has its unique style and character. The front 2-bedroom, 1-bath home is spacious, quaint, and offers a sense of privacy. Surrounded by manicured gardens and separate fencing, it creates a tranquil and independent residence. The remaining four units consist of two separate duplexes, all featuring one-bedroom, one-bath units. Every unit is comfortable and comes with its own front porch and rear access. Step outside to find cozy sitting areas and shady trees with paths that lead you around the property. All units are well-maintained, providing residents with a clean and functional living experience. Each unit is also individually metered for gas and electricity, ensuring efficiency in operating costs. The generously sized lot of 10,401 sq ft offers countless possibilities for developers or investors focused on long-term returns. The backyard includes a detached outbuilding that could be converted into additional living space, presenting great potential to increase the property's value (Buyer to verify with the City of LABS for feasibility). These units are located in a high-demand rental area and have significant upside rent potential. Beyond the property, residents can explore the thriving neighborhood with great shops like Golden Poppy Market, Loquat Coffee, or tasty originals like the first-ever King Taco! Nearby is Rio de Los Angeles State Park with easy access to the LA River Bike Path. Whether you're an artist, a food enthusiast, or someone who appreciates a lively community, this property invites you to experience the best of it all. Located close to public transportation, Downtown Los Angeles, and Dodger Stadium. Come envision the untapped potential of this remarkable investment property!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Laminate, Tile, Vinyl, Wood
Fireplace Information
Features None
Interior Information
Features Copper Plumbing Partial
Cooling Type Wall/Window Unit(s)

Listing Information

Address 3130 Arvia Street
City Los Angeles
State CA
Zip 90065
County Los Angeles
Listing Agent Maricruz Veloz DRE#01742098
Courtesy Of Coldwell Banker George Realty
MLS DW24014239
List Price $1,500,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 10,401
Year Built 1910

Exterior Information

Other Structures
Structures Shed(s)
View Yes

Maps

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shower N/A
straighten N/A
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king_bed N/A
shower N/A
straighten N/A
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1401 Cliff Dr.,

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Image

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king_bed N/A
shower N/A
straighten N/A
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Listing information courtesy of: Maricruz Veloz, Coldwell Banker George Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 14th, 2024 at 10:32 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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. Properties may or may not be listed by the office/agent presenting the information.