CA > Los Angeles
Los Angeles, CA 90006,1218 Arapahoe St
Los Angeles, CA 90006,1218 Arapahoe St
Los Angeles, CA 90006,1218 Arapahoe St
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$4,997,000
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7,248 Sqft Lot
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1218 Arapahoe St Los Angeles, CA 90006

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Jenny Wu

Jenny Wu

+1(909) 569-8888

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Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW25031104

Construction Status Under Construction

HOA Y/N No

Land Lease Amount 40300.0

Rental Info 12 Months

Year Built 2022

Lot Size 7,248 Sqft

Property Sub-Type Mixed Use

Property Description

1214, 1214 1/2, 1216, 1216 1/2 & 1218 Arapahoe St, Los Angeles CA 90006
Option For Sale or Lease
Presenting a Clean Modern look 2022 NEW CONSTRUCTION 5 Unit Property.
Don't miss out on this Huge Discount. Priced to go.
Similar Project Appraised at $5,870,000. Similar project located just 1 Street away, same builder, same Bedroom & Bathroom count, with approx. 1,553 sqft less than 1218 Arapahoe St.
Sales prices gives the Buyer a great opportunity to a good amount of equity.

This project is located in a hot rental area. Location, location, location! Property has little to no maintenance; super convenient for the owner. A perfect co living investment property that when leased would bring in a Pro forma Cap rate of 7.433%.
Property's breakdown is the following: 1(FRONT, SFR) Unit is 7 BED, 6 BATH.
(MIDDLE Duplex-mirrored units) is 7 BED, 7 BATH X2
(REAR Duplex-mirrored units) is 5 BED, 5 BATH X2
Total of 31 Bedrooms and 30 Baths
All units are Quad-Level & separately metered for each utility service.
This property is rare to find, making it a hot commodity!
Buyer(s) to independently verify all information on this listing. Listing agent is not liable for any information that turns out incorrect. The accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.

Location

State CA

County Los Angeles

Area Krea - Koreatown

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Driveway Level, Garage, Garage Faces Rear, On Street

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Curbs, Street Lights, Sidewalks, Urban

View Y/N Yes

View City Lights, Hills, Neighborhood

Total Parking Spaces 10

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 4

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Three Or More

New Construction Yes

Construction Status Under Construction

Others

Senior Community No

Tax ID 5076015003

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Land Lease Amount 40300.0

California Regional MLS (CRMLS)
Listed by Yossmira Hernandez • First Family Homes • 562-417-2653

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agent

Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

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1218 Arapahoe St

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