1522 Arapahoe ST, Los Angeles, CA 90006
1522 Arapahoe ST, Los Angeles, CA 90006
1522 Arapahoe ST, Los Angeles, CA 90006
1522 Arapahoe ST, Los Angeles, CA 90006
1522 Arapahoe ST, Los Angeles, CA 90006
1522 Arapahoe ST, Los Angeles, CA 90006
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David Bailey

David Bailey

+1(213) 804-6566
$ 2,390,000
Est. payment | /mo

17 Beds

15 Baths

7,765 SqFt

Save
$ 2,390,000
Est. payment | /mo
Save

17 Beds

15 Baths

7,765 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,765 sqft

Price per Sqft $307

MLS Listing ID 26992575

Bedrooms 17

HOA Y/N No

Year Built 2019

Lot Size 6,908 Sqft

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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Driveway

Total Parking Spaces 6

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5056009008

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by H. Jason Yang GAIA #02044611

Nearby Locations

David Bailey

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(213) 804-6566

davidbailey@kw.com

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1522 Arapahoe ST