1818 Arapahoe Street, Los Angeles, CA 90006
Property · 2 recorded sales since 2017
Sold December 2020
Listing Agent: Alexavier Shin (DRE #02106720) · Listing Office: Keller Williams Downtown LA · Contact: 213-797-7000 · Bought with: Jared Levine · Keller Williams Realty Calabasas · MLS #20669134 · Source: CRMLS
About this property
A true VALUE ADD opportunity 7-unit apartment complex with one of the largest lots in the neighborhood for the LOWEST price for sale. 120,000 per UNIT!! The new Buyer has the chance to stabilize the building capturing significant increase in rents as units turn and potentially a uniqe opportunity to add living square footage onto the building. Rents below market, separately metered for gas, no soft story retrofit work required, and remodeled units are renting for $3+/SF. There are 7 tandem parking spaces and 2 separate sheds used for storage. 1818 Arapahoe St provides the new owner a special opportunity to bring this property to its fullest potential with some rehab work and will command great demand given the location pulling in renters from Koreatown to the North, West Adams to the West, USC to the South, and DTLA to the East.
Listing description from the December 2020 sale, as reported to CRMLS.
Sale history
