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$2,390,000

FOR SALE
Active

1522 Arapahoe Street

Los Angeles, CA

MLS# 26992575

7,765 Sq Ft17bd • 15ba
35 days on marketNalren refreshed

Listing Agent

H. Jason Yang

Listing Agent

GAIA

DRE #: 02044611

(310) 779-8213

Brokerage: GAIA

J. Geo Kim

Co-Listing Agent

GAIA

DRE #: 01855390

Brokerage: GAIA

Property Details

17

Bedrooms

15

Bathrooms

7,765 sqft

Square Feet

2019

Year Built

6,909 sqft

Lot Size

$308

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

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.

Facts & Features

Interior

Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer

Building

Year Built
2019
Living Area
7,765 sqft
Building Area Total
7,765
Levels
Multi Split
Stories Total
3

Utilities

Heating
Central
Cooling
Central Air

Parking

Parking Features
Driveway
Parking Total
6

Community / HOA

HOA
No

Sale history for 1522 Arapahoe Street

  • Sold $3,200,000 in January 2020 · MLS #DW19180364 · Source: CRMLS
  • Sold $710,000 in October 2018 · MLS #CV18181031 · Source: CRMLS

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