17
Bedrooms
$2,390,000
FOR SALELos Angeles, CA
MLS# 26992575
J. Geo Kim
Co-Listing Agent
GAIA
DRE #: 01855390
Brokerage: GAIA
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
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.
Earthquake data is shown from a real public source (USGS)
Loading hazard data...
Closed sales reported in 90006, nearest first, last 12 months. All recent sales in Los Angeles →
1522 Arapahoe Street
Contact Listing Agent