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Extremely rare Mid-City investment opportunity in the Arlington Heights submarket of Los Angeles - first time on the market since 2000. 1542 2nd Ave consists of 8 total units, (1) 1+1, (6) 2+1, and (1) 3+1.75, with separately metered units, ample on-site parking, and high interior value-add potential. In addition to an attractive unique mix, the well-kept property has ADU potential on top of the carports and extra room for rental increases with the recently completed seismic retrofit (photos of rear show retrofit work in progress). This asset is well positioned on Arlington Heights neighborhood streets and conveniently located to nearby schools, shops, and local attractions. Boasting a current CAP of over 4%, this property offers an excellent opportunity for any investor to park cash with stabilized rental income and capitalize on over 56% rental upside potential over time. MLS® ID: 22209779 Listed: 10/16/22 Updated: 10/24/22 Interior Features Kitchen Appliances: Disposal, Microwave, Refrigerator Total Bedrooms: 16 Total Bathrooms: 9 Cooling: None Heating: None Exterior/Building Features Lot Size: 7,501 ft2 lot Other Property Details Area Name: C16 - Mid Los Angeles Garage: No Parking: Carport, Driveway Parking Total: 8.0 View: N County: Los Angeles Pool: No Total Stories: 2 Zoning: LARD1.5 Courtesy of Link Brokerages, Andrew Malekie, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/24/22. 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.