We are pleased to present 2000 Arlington Avenue, a 58-unit multifamily investment opportunity in Los Angeles. The property sits on a 12,661 square foot lot with 41,875 square feet of gross building area, originally constructed in 1928 as a five-story, brick construction building situated within a Historic Preservation Overlay Zone (HPOZ). The unit mix consists of 4 bachelors, 44 singles, and 10 one-bedroom plus one-bath units, providing an incoming owner with diversified unit types, broad tenant appeal, and a mix of rental price points across the rent roll. Recent capital improvements include a replaced elevator cabin and new electrical panel within the last 4 years and a roof replacement within the last 5 years, reducing near-term capital expenditure requirements for a new ownership group. The property is master metered for gas and electric, equipped with a fire alarm system, and features all hardwood floors throughout the units, with 2 on-site Tesla charging spaces adding further tenant appeal. On-site income generating amenities include an owner-operated laundry room with 4 washers and 4 dryers and 20 storage units, providing additional revenue streams beyond base rental income. At a purchase price of $8,600,000 ($148,276 per unit), the offering reflects a 7.92% current cap rate and a 7.92 GRM. With approximately 22.8% rental upside to market, an investor can achieve a pro forma cap rate of 10.55% and a 6.44 GRM through continued lease up to market rents. 2000 Arlington Avenue represents a rare opportunity to acquire a large-scale, income producing asset in Los Angeles with recent capital improvements already in place and meaningful upside remaining through continued rental growth to market levels. The property is located in the Arlington Heights neighborhood of Los Angeles, within close proximity to the University of Southern California, Exposition Park, and the Metro E (Expo) Line, placing the asset in a submarket benefiting from sustained renter demand driven by the university population and ongoing institutional and infrastructure investment along the Washington Boulevard and Western Avenue corridors.

Listing courtesy of Neema Ahadian of Marcus & Millichap

Based on information from the The MLS as of 2026-10-25 12:22 AM UTC. 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.