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.