Description

1533 6th Avenue is a charming 11-unit garden apartment building situated in the Central Arlington Heights Historic District. The beautiful Spanish Colonial Revival architecture is a throwback to old Los Angeles with a touch of Andalusia. Each casita features vaulted barrel ceilings, hardwood flooring, and patios that open into a shared courtyard. The majority of the units have been extensively renovated to include new windows, chef's kitchens with stainless steel appliances, washer/dryer hook-ups, and private yards. The property's diverse unit mix consists of seven 2+1's and four 1+1's. The property consistently generates above market rents while still maintaining opportunity for growth. In addition, there is ample tenant parking, owned communal laundry machines for extra income, and the property is positioned on a massive 21,750 square foot double lot. Superbly located, 1533 6th Avenue provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 85 walk score and is central to major employment, freeways, and points of interest alike. Tenants with children have numerous nearby parks and schools to choose from, including Queen Anne Park, Arlington Heights Elementary, and Johnnie Cochran Middle School. Public transit is easily accessible at the corner bus stop where the line 33 Metro takes riders to Santa Monica, Downtown, and everywhere in-between. 1533 6th Avenue offers investors the opportunity to cash flow, hedge against inflation, leverage tax advantages, and add more value.