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3130 Arvia Street

Los Angeles, CA 90065

– beds
– baths
– sqft
10,401 sqft lot
1910 build
– on site

More homes

VERY COMPETITIVE PRICE IMPROVEMENT!! ATTENTION AGENTS & developers - Seller is motivated and ready to entertain your offer!! 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 CRMLS_CA / Maricruz Veloz / Coldwell Banker George Realty / 818-415-0856

Last checked: Checking… • Last updated Jan 17, 2025 •

MLS# DW24014239 —

The Building

Year Built:

1910
Year Built Source:

Public Records
New Construction:

No
Construction Materials:

Drywall Walls, Stucco
Building Area Total:

3032.00
Building Area Units:

Square Feet
Total Number Of Units:

5
# of Buildings:

3
Architectural Style:

Bungalow
Roof:

Shingle
Foundation:

Raised
Stories Total:

1
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Features:

Copper Plumbing Partial
Levels:

One
Entry Location:

1
Window Features:

Screens
Flooring:

Laminate, Tile, Vinyl, Wood
Room Type:

Jack & Jill, Kitchen, Laundry, Living Room
Fireplace:

No
Fireplace:

None
Laundry:

Gas & Electric Dryer Hookup, Individual Room, Inside
Laundry:

1

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

East of Cypress Ave and West of Isabel Street
Latitude:

34.09688800
Longitude:

-118.22843200

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LAR1
Lot Features:

Back Yard, Front Yard, Garden, Landscaped, Level with Street, Lot 10000-19999 Sqft, Near Public Transit, Yard
Lot Size Area:

10401.0000
Lot Size Acres:

0.2388
Lot Size SqFt:

10401.00
Lot Size Source:

Public Records
View:

1
View:

Neighborhood
Fencing:

Block, Chain Link
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Exclusions:

Tenants' appliances and personal belongings not included in sale.
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Other Structures:

Shed(s)
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

1852.03
Tax Tract:

303
Tax Lot:

184

The Listing

Special Listing Conditions:

Standard, Trust
Parcel Number:

5454028030

Heating & Cooling

Heating:

1
Heating:

Floor Furnace, Natural Gas, Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Electricity - On Property
Water Source:

Public

Appliances

Appliances:

Gas Water Heater
Included:

Yes

The Community

Features:

Biking, Park, Sidewalks, Storm Drains, Street Lights, Urban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Buyer to Assume, Buyer to Verify, Unknown

Parking

Parking:

Yes
Parking:

Gated, Other, Parking Space, Uncovered
Parking Spaces:

3.00
Uncovered Spaces:

3.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/10/24 Oct 10, 2024	Sold	CRMLS_CA	$1,200,000
8/1/24 Aug 1, 2024	Sold Subject To Contingencies	CRMLS_CA	$1,200,000
7/12/24 Jul 12, 2024	Price Changed	CRMLS_CA	$1,200,000	-11.1%

Multifamily Sold on 10/10/2024

$1,200,000

Listing provided by broker:

Maricruz Veloz

Coldwell Banker George Realty

818-415-0856

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Listing Courtesy of: CRMLS_CA and Coldwell Banker George Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 16:11 on Apr 01.

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.

3130 Arvia Street

Los Angeles, CA 90065