1522 Arapahoe St, Los Angeles, CA 90006
1522 Arapahoe St, Los Angeles, CA 90006
1522 Arapahoe St, Los Angeles, CA 90006
20
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$2,390,000
Est. payment /mo
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17 Beds
15 Baths
7,765 SqFt
New

1522 Arapahoe St Los Angeles, CA 90006

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,765 sqft

Price per Sqft $307

MLS Listing ID 26992575

Bedrooms 17

Year Built 2019

Lot Size 6,909 Sqft

Acres 0.1587

Property Sub-Type Multi-Family

Property Description

Built in 2019, this well-maintained 4-unit property will be delivered 100% VACANT, allowing the new owner to immediately establish market rents and select their own tenants. The property features an attractive unit mix of (1) 5-Bed/4-Bath, (1) 4-Bed/3-Bath, and (2) 4-Bed/4.5-Bath units, offering spacious layouts and modern construction with minimal maintenance. Projected rents total $21,500 per month / $258,000 annually. Offered at $2,390,000, the projected rent reflects a 9.26 GRM and a 7.02% pro forma cap rate, with the lowest price per SF at $308. An excellent replacement property opportunity for 1031 exchange buyers, investors seeking a newer multifamily asset, or owner-users looking to occupy a unit while generating rental income in one of Los Angeles' most established and desirable neighborhoods.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD1.5

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Central

Equipment Garbage Disposal, Dishwasher, Dryer, Other, Refrigerator, Range/Oven, Washer, Microwave

Exterior

Parking Features Driveway

Garage Spaces 6.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by GAIA

NEARBY SCHOOL & BUSINESS

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Todd Kingsley

Todd Kingsley

Agent License ID: 02118744

+1(310) 710-8633

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1522 Arapahoe St