1351 Armadale Ave , Los Angeles, CA 90042
$4,240,000
Est. Payment: $22,644.57/mo
3 Bed
2 Bath
11856 Sqft
Status: Active | Days on site: 8
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CLW-X81530 - CLW-X82489
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House Description

1351 Armadale Avenue is a well-maintained 16-unit apartment community in Highland Park, offering investors an attractive value-add opportunity in one of Los Angeles' most supply-constrained multifamily markets. The property features a balanced unit mix of eight one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, appealing to a broad tenant base and supporting long-term occupancy. Residents also benefit from on-site laundry and 16 parking spaces. Its established operating history and well-maintained interiors and exteriors provide a strong foundation for current income, while limited new apartment development, high replacement costs, and continued housing demand support long-term growth. Located near major employment centers in Downtown Los Angeles, Pasadena, and Glendale, residents enjoy convenient access to Figueroa Street, York Boulevard, Old Pasadena, and Eagle Rock. The property is also near Occidental College, Pasadena City College, and Caltech. Its desirable location, below-market rents, and value-add potential position 1351 Armadale Avenue for continued rental demand, income growth, and long-term appreciation.

Highlights

Listed by Daniel Withers , 818-923-6107 Matthews Real Estate Investment Services , 866-889-0550. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.39

Year Built

1958

County

Los Angeles

Area

632 - Highland Park

Listing ID

26875093

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:0
Appliances:Dishwasher, Refrigerator
Air Cond:Wall/Window Unit(s)
Fireplaces:
Floor:Wood

Exterior Features

Lot:No Land Lease
Garage Capacity:16
Zoning:LAR1
Others:
  • Additional:2+ Total Units
Parking Features:Assigned,Gated,Private
Principal Interest
$22,645
Taxes
$2,703

Home Price

$4,240,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$848,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$22,644.57

Principal

Taxes

Principal Taxes HOA Total
Monthly $22,644.57 $2,703.00 $0.00 $25,347.57
Yearly $271,734.81 $32,436.00 $0.00 $304,170.81
Total $8,152,044.33 $973,080.00 $0.00 $9,125,124.33

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Current Listings

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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