17-Bedroom Residential Income - 1522 Arapahoe Street, Los Angeles, CA

$2,390,000

1522 Arapahoe Street, Los Angeles, CA

1522 Arapahoe Street, Los Angeles, CA 90006 - $2,390,000 · 17 bd 15 ba Multi-Family Home for Sale, photo 3

1522 Arapahoe Street, Los Angeles, CA 90006 - $2,390,000 · 17 bd 15 ba Multi-Family Home for Sale, photo 4

1522 Arapahoe Street, Los Angeles, CA 90006 - $2,390,000 · 17 bd 15 ba Multi-Family Home for Sale, photo 5

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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.

Property details

Bedrooms

Bathrooms

Square feet

7,765

Year built

2019

Property type

Residential Income

Lot size

6,909 sqft

Location

1522 Arapahoe Street • Los Angeles, CA 90006

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Listed by

H. Jason Yang · GAIA

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Recent sales near 1522 Arapahoe Street

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Closed sales reported in 90006, nearest first, last 12 months. All recent sales in Los Angeles →

Sale history for 1522 Arapahoe Street → (2 recorded sales)