3130 Arvia Street
3130 Arvia Street
$1,500,000
6
5
3,032
3,032
$495
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...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!
- Listed by Maricruz Veloz • DRE #01742098 • Brokerage DRE #01121690 • Coldwell Banker George Realty • 818-415-0856
Property Details for 3130 Arvia Street
Architectural Style
Bungalow
ViewNeighborhood
Parking Spaces Total3
Private PoolNo
Cooling TypeWall/Window
Total Units5.0
Building TypeDetached
Business TypeMulti-Tenant, Real Estate
Location
LISTING UPDATED: 02/14/2024 02:32 AM
Property Details for 3130 Arvia Street
Status | Active |
---|---|
MLS # | DW24014239 |
Days on Market | 78 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1910 |
County | Los Angeles County |
Location
Building Information for 3130 Arvia Street
Building/Complex3130 Arvia StFloor-Stories1Residences-Pet Policy-Year Built1910Building Size-
Payment Calculator
$8,506 per month
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Property Information for 3130 Arvia Street
Property History for 3130 Arvia Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3130 Arvia Street
Taxable ValueLand$146,461Additions$94,139Total$240,600
Tax Record2023$3,836 ($320 / month)
Home Facts
Total Finished SqFt3,032 SqFtAbove Grade Finished SqFt3,032 SqFtLot Size10,401 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningLAR1CountyLOS ANGELESAPN5454-028-030
Schools near 3130 Arvia Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Aragon Avenue Elementary School PublicK to 5 | ||
Benjamin Franklin Senior High School Public6 to 12 | ||
Woodrow Wilson Senior High School Public9 to 12 | ||
Abraham Lincoln Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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