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Search Cali Homes Team
1522 Arapahoe Street, Los Angeles, CA 90006
- $2,390,000
- 17
- BD
- 15
- BA
- 7,765
- SqFt
Listing courtesy of Listing Agent: H. Jason Yang (jason@gaia-us.com) from Listing Office: GAIA.
- List Price
- $2,390,000
- Status
- ACTIVE
- Days on Market
- 44
- MLS#
- 26992575
- Subtype
- Residential Income
- Year Built
- 2019
- Bedrooms
- 17
- Bathrooms
- 15
- Living Area
- 7,765
- Lot Size
- 6,909
- Acres
- 0.16
- MLS Area Major
- Mid Los Angeles (C16)
Property 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.
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Additional Information
- Zoning
- LARD1.5
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
- Heating
- Central
- Air Conditioning
- Yes
- Stories
- Multi Level
- Levels
- Multi/Split
- Parking Features
- Driveway
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.